A Primer on Austrian Economics - Jonathan M. Finegold Catalan -
[Based on the notes for a lecture given by the author to Young Americans for Liberty at the University of California, San Diego on May 4, 2010.] The jurisdiction of economics extends far beyond the study of production and consumption of goods and services. The science of economics consists of the study of human action, interaction, and cooperation. How individuals interact in tandem, forming the economic system as studied in modern macroeconomics, is simply fascinating. What economists call "political economy," or modern economics, did not come into being until the mid-18th century.[2] Since then the study of economics has not been one of linear progress; neither has it been free of controversy. Of the three above-mentioned major intellectual movements, the Austrian School is probably the smallest and least known. There are some basic questions that most "beginners" ask when first delving into Austrian theory. What is Austrian Economics? Non-neutrality of Money
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What Cameras Inside Foxconn Found
A screenshot from ABC’s segment on Foxconn. I wrote about the Apple/China/Foxconn controversy in this space a couple of weeks ago, but there have been some developments, some progress and some new revelations. The Times’s technology columnist, David Pogue, keeps you on top of the industry in his free, weekly e-mail newsletter.Sign up | See Sample The story so far: Last month, The New York Times published a front-page article highlighting working conditions at a factory in China owned by Foxconn Technology, where Apple’s products are built. The problems included fatal accidents and employees injured while using a toxic chemical that can cause nerve damage. Apple responded by vowing to take Chinese worker safety and welfare even more seriously, and it hired the Fair Labor Association to survey 35,000 Foxconn employees about their working conditions. For its part, Foxconn responded by raising factory workers’ salaries as much as 25 percent. To me, the salient paragraph in his script was this:
Top of the Ticket | NASA now sending photos of people (instead o
Vladimir Putin has been kicked out of an exclusive club, but he may not even care. This week, meeting in The Hague, leaders from seven of the world’s biggest economic powers agreed to blackball Putin’s Russia, reducing the G-8 to the G-7. They ratified the decision to move the group’s upcoming annual world economic summit to Brussels, taking away from Putin the chance to host the event in Sochi, site of his recent successful Winter Olympic Games. When the Group of Seven -- the United States, Germany, France, Britain, Japan, Italy and Canada -- chose to bring Russia into their fold in 1998, it was assumed the privileges of membership would encourage the Russians to continue on their bumpy path toward democracy and a free-market economy. In the aftermath of the Soviet Union’s collapse, politicians, diplomats and academics in Europe and the U.S. had confidence a new world order was in place.
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The Q
Now that the government is back up and functioning again, we can start worrying about how other countries are run. For example, in Sormland, Sweden, a county counselor named Viggo Hansen tried passing legislation that required men to sit down while peeing to use public bathrooms. Because he believes it would stop the spread of disease, and also has the added benefit that sitting while peeing "fully empties" the bladder, which is healthier for the prostate, which means a better sex life. Thing is, Hansen isn't alone in this school of thought. According to Mental Floss, similar ideas were proposed by men like Stephen Shen, Taiwan's head of the environmental protection agency. But is there any legitimacy to these claims? Mental Floss asked Benjamin Davies, associate professor of urology at the University of Pittsburgh, who claimed that urine is sterile, and actually safe to drink. That said, women have more problems dealing with bacteria in urine than men. So there you have it.
If Americans Knew - what every American needs to know about Israel/Palestine
The Truth About “The Jungle” by Upton Sinclair
The following is an educational service of the Downsize DC Foundation. As we said yesterday, millions of Americans believe . . . We need the government to regulate business people, otherwise they will run wild, laying waste to the environment, and selling us bad food, bad drugs, and harmful products. One big reason people believe this is because they attended government schools and were taught about a famous book, “The Jungle” by Upton Sinclair. Mr. * Once upon a time, before government regulation, meat packing plants were endangering Americans with poison food * The motivation for this poisoning was profits. But here’s what most people don’t know . . . * “The Jungle” was a novel, not a factual report * Most of what Sinclair wrote was pure fiction, un-connected to reality This is your chance to learn the truth. “The Jungle” was intended to dramatize working conditions, NOT food safety. “I have an utter contempt for him. In fact, there were hundreds of inspectors. (Source: U.S. Remember . . .
