09 March

A Propertarian Definition of Ruthless

“ruth·less /ˈro͞oTHləs/ Adjective Having or showing no pity or compassion for others. feeling or showing no mercy; Synonyms merciless – pitiless – unmerciful – remorseless Propertarian translation: disregard for externalities. …

09 March

On Rent Seeking

RENT SEEKING In public choice theory as well as in economics, rent-seeking means seeking to increase one’s share of existing wealth without creating new wealth. Simple Version: “Corruption from outside …