All Lessons

Impacts of the Industrial Revolution

The Industrial Revolution, spanning the late 18th to early 19th centuries, stands as one of the most transformative periods in human history. Originating in Britain, this epochal shift saw the transition from hand-made production methods in small workshops to...

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F. A. Hayek Quotes

Hayek, Friedrich A. (1952). Individualism: True and False, https://economicslearning.net/economic/economics-foundations/economics-thinkers/f-a-hayek/individualism-true-and-false-f-a-hayek/ It is the contention that, by tracing the combined effects of individual...

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Libertarianism Basics

#1 - Non-aggression principle and victimless crimes “How would a libertarian society address drug addiction, public services, caring for the poor, or reckless businesses? #2 - Free-market economics - libertarians prefer laissez-faire capitalism over government...

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Understanding The S-Curve

Course Description Learning Objectives Participation Guidelines Class Structure LessonsReferencesDiscussonsImprove Communication Improve Your LifeLearn the Communication and Information Processing Skills needed to thrive in our "Hyper-Connected Digital World."Improve...

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Correlation Between Money and Happiness

I found this post on Bloomberg interesting. It supports the belief that having money is important for many reasons, including happiness. Having money takes worry out your life. It takes money to live so having it is important. Here is that post. We need to discuss...

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Albert Einstein

Albert Einstein 1879–1955German-born theoretical physicist.  Science without religion is lame, religion without science is blind. Science, Philosophy and Religion: a Symposium (1941) ch. 13 As far as the laws of mathematics refer to reality, they are not certain; and...

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7 National Conservativism Beliefs

The third annual National Conservatism Conference was held Sept. 11-13, 2022. Here are 7 "Beliefs" as reported by the Daily Signal - 7 Highlights from National Conservatism Conference. Sen. Josh Hawley: ‘The American Revolution Is a Continuation of the Revolution of...

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Hayekian behavioral economics

In a recent post, Cass Sunstein suggested that Behavior Economics somehow invalidates F. A. Hayek.  I disagree.  Using Fractal Thinking, Behavior Economics is perfectly aligned with Hayek and other important economic thinkers like Adam Smith....

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Classes

FoundationalTBDTBDTBDFoundational ClassesThis class presents the past, present, and future Economics Schools of Thought. Includes, in-depth lessons on Capitalism and Libertarianism.This class demonstrates how the best way to model economics and politics is through...

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Lessons

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Understanding Economics

Understanding Economics One of the earliest recorded economic thinkers was the 8th-century B.C. Greek farmer/poet Hesiod, who wrote that labor, materials, and time needed to be allocated efficiently to overcome scarcity. But the founding of modern Western economics...

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Carl Menger: The Founder of the Austrian School

Carl Menger: The Founder of the Austrian School (1840-1921) "All things are subject to the law of cause and effect. This great principle knows no exception." INTRODUCTION Despite the many illustrious forerunners in its six-hundred year prehistory, Carl Menger...

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Wealth Should be Limited

The question is: Should wealth be limited? The post below raises some important points. Do Billionaires Destroy Democracy and Capitalism? The U.S. simply needs to look back at history, to our Gilded Age, to see what can be done to curb wealth growth. < By Philip...

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Wealth Should Be limited

The question is: Should how much money one has make a difference? The post below raises some important points. Do Billionaires Destroy Democracy and Capitalism?   The U.S. simply needs to look back at history, to our Gilded Age, to see what can be done to curb...

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The Greeks, The Romans, and the Founding Fathers

The Greeks, The Romans, and the Founding Fathers This is important and we need to learn about this more. What America Owes to the Greeks and Romans FIRST PRINCIPLES What America’s Founders Learned From the Greeks and Romans and How That Shaped Our Country By Thomas E....

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Machiavelli: On Change

“It must be remembered that there is nothing more difficult to plan, more doubtful of success, nor more dangerous to manage than a new system. For the initiator has the enmity of all who would profit by the preservation of the old institution and merely lukewarm...

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The Rise of The Autocratic

The autocrat problem Prime Minister Viktor Orban of Hungary has used the coronavirus crisis as an excuse to further centralize authority. The European Union seems to be functioning better than the United States in some big ways right now. Europe has been far more...

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Hayek on Health Care

Hayek on Health Care and Other Social Safety Nets This lesson is on how Hayek views Health Care and other Social Safety Nets. The following passage is taken from The Road to Serfdom, Text and Documents, The Definitive Edition, by F. A. Hayek, edited by Bruce Caldwell,...

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Noam Chomsky as Seen by Tom Wolfe

[pdf-embedder url="https://atlantisschoolofcommunication.org/wp-content/uploads/2020/02/HarpersMagazine-The-Origins-of-Speech.pdf" title="HarpersMagazine-The Origins of Speech"] The Origins of Speech In the beginning, was Chomsky by Tom Wolfe Nobody in academia had...

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How the Mind Makes Meaning

Louder than words: The new science of how the mind makes meaning. By Benjamin K. Bergen. New York: Basic Books, 2012. Pp. 312. ISBN 9780465028290. $27.99 Imagine that you are a participant in the following psycholinguistic experiment. You are seated in front of a...

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Fractal Markets Theory

Fundamentals Of Fractal Markets Theory< In the wake of the 2008 financial crisis, many have challenged the dominant economic theories and perspectives on markets. The Efficient Market Hypothesis (EMH) in particular has fallen short in explaining the crisis. According...

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I, Pencil

The activities for Economics in One Day are developed around the themes of Leonard E. Read’s classic essay, ‘‘I, Pencil.’’ ARTICLE: I, Pencil: My Family Tree - Leonard Reed (FEE.org) [http://at.fee.org/1yAq6Jf] ‘‘Not a single person in the world knows all the...

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Why Libertarian Economics is the Best Economic System

Why Libertarian Economies is the Best Economics This course articulates the benefits of Libertarian Economics.  It describes how freedom and the market empower us to achieve economic and social progress for all people. It does this through the exploration of three...

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Hayek – Central Planning

This is not a dispute about whether planning is to be done or not. It is a dispute as to whether planning is to be done centrally, by one authority for the whole economic system, or is to be divided among many individuals. From The Use of Knowledge in Society.  

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Aggregate Demand

Aggregate demand is an economic measurement of the total amount of demand for all finished goods and services produced in an economy. Aggregate demand is expressed as the total amount of money exchanged for those goods and services at a specific price level and point...

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Fractal Politics 2

Fractal Politics The evolution of digital technologies and the evolution of contemporary society and politics have facilitated fractal thinking.  It is fairly obvious that technology innovations can facilitate cultural and political innovations, which in-turn...

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12 Economic Concepts

Twelve Economic Concepts Everyone Should Know 1. Gains from trade: In any economic exchange, freely chosen, both parties benefit–at least in their own minds. 2. Subjective value: The value of any good or service is determined by the individual human mind....

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Quarantine Fatigue

Quarantine Fatigue Instead of an all-or-nothing approach to risk prevention, Americans need a manual on how to have a life in a pandemic. In the earliest years of the HIV epidemic, confusion and fear reigned. AIDS was still known as the “gay plague.” To the extent...

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Henry Ford and the $5 wage

He says Ford proved that higher wages led to more productivity, which in turn was good for business. That positive feedback loop gave rise to a broad, prosperous middle class. But over the years, waves of economic pressures and political changes have broken that link....

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Collective Intelligence

Individual decision making can often be wrong due to misinformation, impulses, or biases. Collective decision making, on the other hand, can be surprisingly accurate. In this class, we look at the very factors behind the superiority of collective decision making add...

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NYT Timeline

A Timeline of the Coronavirus Pandemic The outbreak of the virus, which began in Wuhan, China, has sickened more than a million people. At least 120,000 people have died. A group of healthcare workers prepare at a testing site in Tampa, Fla. The World Health...

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The Cognitive Science of Free Will

The Cognitive Science of Free Will How to make the best decisions is one of the "Key Questions" the @lantis Learning Community is interested in. This lesson is focused on how the brain constrains our decision making by fooling us about Free Will One of the main...

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Adam Smith – All Quotes

“No human wisdom or knowledge could ever be sufficient [for] the duty of superintending the industry of private people..." “[Governments are] ...without exception, the greatest spendthrifts in the society.” “The agents of [government] regard the wealth of their master...

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Fractal Politics

Fractal Politics “The rise of fractal politics” was first submitted to the Nine Dots Prize in response to the question, “Are digital technologies making politics impossible?” The essay was written as a thought piece prior to the announcement of the 2017 UK General...

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Ernst Friedrich Schumacher

Ernst Friedrich Schumacher (16 August 1911 – 4 September 1977) was a German-British statistician and economist who is best known for his proposals for human-scale, decentralised and appropriate technologies.[1] He served as Chief Economic Advisor to the British...

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Network Neuroscience

The new discipline of network neuroscience yields a picture of how mental activity arises from carefully orchestrated interactions among different brain areas. Networks pervade our lives. Every day we use intricate networks of roads, railways, maritime routes and...

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Economics Terms

Foundational Economics End Game Decision Making The Science of Economics Terms Macro-Economics Micro-Economics Scarcity Opportunity Cost Incentives Resouces Wants Exchange and Trade Pricing Information Rent Seeking Money Supply Inflation Property Supply and Demand...

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Scarcity

Scarcity Productive resources are limited. Therefore, people can not have all the goods and services they want; as a result, they must choose some things and give up others. Students will be able to use this knowledge to: Identify what they gain and what they give up...

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Libertarianism

Libertarianism Like any school of thought, there is not one thing called "libertarianism." We need to report the beliefs of Libertarianism in terms of the quantity of those that self-identify as Libertarian. Although there is much disagreement about the details,...

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Adam Smith – Wealth of Nations

The Condensed Wealth of Nations and The Incredibly Condensed Theory of Moral Sentiments Eamonn Butler     Contents 1 Introduction 4 2  The Condensed Wealth of Nations 7Book I: Economic efficiency and the factors of production 9Book II: The accumulation of...

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Economics Definition

What Is Economics? Introduction Economics is a way we can measure our choices. We make all kinds of choices every day. How much should I spend on gas? What’s the best route to work? Where should we go for dinner? Which job or career should I go for? What are the pros...

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Macro & Micro Economics

Microeconomics vs. Macroeconomics: An Overview Economics is divided into two different categories: microeconomics and macroeconomics. Microeconomics is the study of individuals and business decisions, while macroeconomics looks at the behavior of the economy as a...

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