economics

Articles with this tag

by Max

January 7 2026
Illustration for The Price of Patience

The Price of Patience

Hoarding is not low time preference; only lending expresses it. Wealth lowers time preference via diminishing marginal utility, not the reverse.

by Max

March 21 2026
Illustration for The Capital Structure of War

The Capital Structure of War

Cheap drones expose the state's war machine: centralized militaries accumulate fragile capital while decentralized force converts low-cost tools into strategic advantage.

by Max

January 26 2026
Illustration for The Engine of Prosperity: How Four Sources Drive All Economic Progress

The Engine of Prosperity: How Four Sources Drive All Economic Progress

Four sources of economic progress form an interdependent system that emerges spontaneously from voluntary exchange when property rights remain completely intact.