Theft is a strong word. It requires two things, desire and a lack of consent. One party desires something from another and takes it without their consent. Simple. My current project is developing an understanding of macroeconomics based on a formal aggregation of microeconomics. I did not anticipate the understanding that I found. This last weekend I worked on understanding claims against wealth inequality. I began by looking at the distribution of income derived form the Average Wage Index (AWI) from 1990-2012. Plotted on a Log-Log scale the distribution appeared to follow a canonical distribution Figure 1.
Tag Archives: freedom
Liberty as a Consequence of Human Action
I came to being a libertarian because of the math. I started with the idea that if we start with microeconomics, game theory, and then formally aggregate a group of individuals we can come to macro economics. I did this by mirroring Gibbs approach to deriving statistical mechanics. Translated into econo-jargon, a society is just a bunch of people added together. Thus statistical economics was born. When I explored the consequences of this framework in environmental ethics, I saw I had no choice other than to accept libertarian principles. There is more that needs to be done, and so here we go. Continue reading