Tag Archives: perverse incentives

Natural Monopolies

The Argument Reconstructed Arguing structural incentives, economists say that monopolies are the natural result of free-market mechanics. The argument conforms to Objectivist philosophy in which the incentive to act is driven by environmental conditions–natural laws that determine the difference between … Continue reading

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Method Yield and Over-Advantage

Using the scientific method allows us to over-advantage so fast in the name of optimizing the capital that we end up looking like the character in “The Scream.” Science, instead of solving problems, is a method to yield an advantage, … Continue reading

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