Tag Archives: Game Theory

Richard von Mises: Positivism – A Study in Human Understanding

Unlike his rationalist brother Ludwig von Mises, Richard von Mises had strong empiricist leanings, which found expression in hisfrequency interpretation of probability and his qualified endorsement of logical positivism (or logical empiricism).¬† His Kleines Lehrbuch des Positivismus was published in … Continue reading

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A positive-sum game against nature

Whenever there is a major economic event (a rapid decline of stock prices, a spike in the price of oil, high unemployment, etc.) the media can be counted on to feature a person who was predicting these events all along. … Continue reading

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Anthony de Jasay on liberalism, democracy and conventions

Despite losing his eyesight, Anthony de Jasay still publishes some of the most thought-provoking papers in social philosophy. In a recent article for the Institute of Economic¬† Affairs, de Jasay inspects the foundations of liberalism and observes that: In contrast … Continue reading

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