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Mises Economics Blog

Gene Callahan Archives

Does IQ Determine the Wealth of Nations?

August 21, 2007 7:58 AM by Gene Callahan

IQ and the Wealth of Nations is a severely flawed book, falling far short of presenting the indisputable case for the primary importance of genetically determined intelligence in deciding the economic performance of nations that Lynn and Vanhanen claim it offers. Whether or not some nations truly suffer from an ineradicable intelligence deficit, their best path to follow is the one of freedom. Even if a capitalist, low-IQ country has a lower GDP than a socialist, high-IQ nation, that does not argue against the primary importance of liberty for prosperity. FULL ARTICLE

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As Time Goes By: The Factor of Time in Human Action

March 23, 2007 8:16 AM by Gene Callahan

All around us, every day, people consume far more than they need to survive, therefore saving far less than they could. Yet we all know that saving is the road to wealth. Why don't top Wall Street traders live in tiny shacks, eat canned beans, and ride old bicycles to the train station? Why do movie stars go on mad shopping sprees and stay at fabulous vacation resorts? Shouldn't they live as paupers in order to save every penny they can? Humans can only consume in the present. It is our present dissatisfactions that call out for relief. FULL ARTICLE

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Public Goods and Bads

February 19, 2007 4:54 PM by Gene Callahan

Here is an interesting paper by Christopher Coyne and Steve Davies. It counters the argument that empire produces public goods by pointing to the many public bads of empire.

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Can We Trust the State with Preservation?
February 14, 2007 8:51 AM | Comments (14)

Economics for Real Hungarian People
November 28, 2006 9:31 AM | Comments (1)

Praxeological Economics and Mathematical Economics
April 28, 2006 8:14 AM | Comments (23)

What Is A Priori Science, and Why Does Economics Qualify As One?
February 9, 2006 7:43 AM | Comments (58)

Scientism Standing in the Way of Science: An Historical Precedent to Austrian Economics
June 9, 2005 7:42 AM | Comments (62)

The Diamond Fallacy
March 27, 2005 9:28 PM | Comments (37)

Breaking Rules
February 15, 2005 2:49 AM | Comments (0)

The Psuedo-History of Science
January 25, 2005 7:29 AM | Comments (2)

When Does Economic Calculation Become Necessary
November 12, 2004 7:15 AM | Comments (18)

Ekonomia dla normalnych ludzi
August 4, 2004 7:41 AM | Comments (2)

The Myth of the Model
May 20, 2004 8:20 AM | Comments (3)