The effects of the Standard of Living by the Industrial Revolution The Industrial Revolution is a time in history that has undergone major debate and continues to be under great scrutiny, especially now when most of society views capitalism and capitalists as inherently evil and bad. In the typical high-school history class and textbook, pictures … Continue reading Sabotaging the Free Market | How the Industrial Revolution and Great Depression Facts are Twisted
Tag: Free Market
The Failures & Inconsistencies of Karl Marx
Government 1B: Lesson 70 The theology of Marx Communism has found favour in the majority of the world's leading countries today because of the claim that it is a system that is geared toward and in favour of the working-class people. Karl Marx wrote many books bashing the evils of the capitalist system while promoting the brilliance … Continue reading The Failures & Inconsistencies of Karl Marx
Sweden as an Example of the Free Market and the Protestant Work Ethic
Government 1B: Lesson 65 The standard claim about Sweden is that it shows society can prosper without a free market and with extensive government intervention. But the fact of the matter is, economists and politicians who use this claim have not studied the history of Sweden and know next to nothing about its culture, people, … Continue reading Sweden as an Example of the Free Market and the Protestant Work Ethic
Althusius vs Hobbes | Protecting the Rights “endowed by our Creator”
Describe the models of society laid out by Althusius and Hobbes. We are living in the shadow of a once great empire that built its foundation upon the words, "that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit … Continue reading Althusius vs Hobbes | Protecting the Rights “endowed by our Creator”
Where do Profits come from?
Economics: Lesson 135 How can profit arise in a free market economy if every factor of production is paid what it is worth to customers? The Free market competition pays all factors of production what the customers determine. The customers are in authority because they have the money. So if everything is paid what it … Continue reading Where do Profits come from?
How to make Tea | Not a single person knows
Economics: Lesson 130 Write about the division of labor required to create a simple household tool besides a pencil. This assignment may sound simple, but I found it very hard to quickly find a simple item to describe the division of labour. I finally decided to choose an item right in front of my face. … Continue reading How to make Tea | Not a single person knows
Honest Money and the Economic Laws of the Bible
"Does a national government need to issue its own money in order to secure honest money?" What is Honest Money? To even begin to answer this question we have to understand what honest money is. Money is described as the most marketable commodity, and the origin of money was determined by the people and market. … Continue reading Honest Money and the Economic Laws of the Bible