Posts in Economics

It was not Marx's labor theory of value. As Lutz (2018) argues, it is the position of several French philosophers, aligned with Rousseau, that developed such an erroneous principle....

Scholarly Review De Romanis, F. (2015). Comparative Perspectives on the Pepper Trade. F. De Romanis and M. Maiuro (eds.), Across the Ocean: Nine Chapters on Indo-Mediterranean Trade., 127–150....

The Tokugawa political order was maintained by a system that some researchers have referred to as centralized feudalism. The structure had feudal lords with their own domains, but acted as a...

Throughout the world, the 16th century was a time of change, whether Western or Eastern. The Tokugawa shogunate had taken control and unified Japan following the tumultuous upheavals in the later...

The opening of trade between Europe and Asia in the 15th century led to the arrival of Europeans in Japan in the 16th century and the introduction of new ideas and technology. In 1543, Europeans...

Faith Ridler (2021) managed to capture many of the aspects of intellectual dishonesty and bankruptcy in her article in the Daily Mail titled 'Father of capitalism' Adam Smith's grave is included...

A major fallacy of the anarchist idea that we can create a free society using assassination markets derives from transaction costs and differences in the ability to coordinate and liquidate money....

It is common to see reflections on dignity and many individuals who have never been poor reflect on helping others. In doing so, many of them talk about dignity. Dignity is a far more...

All positive social change comes at a cost. Many executives of current organisations attempt to argue that the very reason for their existence is to create profit (Friedman, 1970/2007). But, if...

When the Covid-19 outbreak first began, Sweden decided to take a more laissez-faire approach to handle the spread of the virus. The result was a hue and cry of pandemonic proportions. The...