HeyJared梦月
Currently studying Economics concurrently with History. Praxeologist, Nintendo and PC lover. Languages are fun to learn as well.
- Indexed issues, last 90 days
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- Sep 29, 2026
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An Optimal Model of Private “Intellectual Property” (opens the original)
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I. Lindahl [1], Clark-Groves [2], and Vickrey [3] have provided sound and sharp contributions to the auction model, and with Milgrom’s work it is one of the most popular fields of Economics today. Despite this, however, the fact that it can very much be used as a potential framework in considering the optimal allocation of so-called “public” goods so long as certain ex ante conditions are met does not mean that the literature surrounding such an issue is vast. One of such goods are information,
Suggestions made to Mr. Hamsters (opens the original)
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I.As you may have seen, Mr. Hamsters credited me in his latest article with revising parts of his manuscript surrounding Dr. Hayek and his Capital Theory. The following are a series of comments made by I to he, and the reason they may seem to not properly criticise the contents of the current article, which I believe is well-written and sharply articulated, is because such criticisms were duly incorporated in the final edition of the article. Overall, the content of Mr. Hamsters is superlative a
A note on “Malinvestment” (opens the original)
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Plan-Period AnalysisSomething has always felt “wrong” to me about the preoccupation of statistical aggregates as an extremely important metric of determining the well-being of “the economy”, as Hayek wrote [1], with the simplest example being G.D.P. Perhaps changes in the total quantity of private investment can tell us that a nation may be better or worse off in real terms of monetary investment, or that it may be producing more or less than before, or perhaps that on the global market certain
The Necessity of Heterogeneous Capital (opens the original)
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IntroductionEconomists, such as Messrs. Samuelson and Solow [1], have often treated “capital” as a homogeneous fund K, for example in equations such as the Cobb-Douglas production function Y = AL^αK^β, where K represents nothing more than the total quantity of capital input, or the equation 𝛼𝐴𝐾^𝛼-1𝐿^1-𝛼, which is the marginal product of capital, I.e. the output accrued through adding one more unit of capital, or, as is more well-known, the Samuelson-Solow-Swan function Q= f(K, L). This perhaps m
Those “Weird” Products (opens the original)
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IntroductionDetractors of the “imperfectly competitive” markets, and of market capitalism in general (heaven forfend!) decry a multitude of differentative features, often ones they do not understand. Certain features include advertising, initially decried by Kaldor[1] but more vulgarly on other topics, “wasteful duplication”, decried by those who also seem to think that market capitalism will lead to unsustainable monopolies, and limited-edition branding & joint collaboration between firms opera
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