Join 📚 Izzy's Highlights
A batch of the best highlights from what Izzy's read, .
Ideology is not a set of attitudes that people can “have,” as they have a cold, and throw off the same way. Human beings live in human societies by negotiating a certain social terrain, whose map they keep alive in their minds by the collective, ritual repetition of the activities they must carry out in order to negotiate the terrain. If the terrain changes, so must their activities, and therefore so must the map.
Racecraft
Barbara J. Fields, Karen Fields
For Mises, the challenge is how to allocate intermediate goods to producers of final goods. That’s not something companies like Walmart and Amazon do, for the simple reason that these companies distribute goods rather than make them. The firms supplying pencils to Amazon and Walmart still rely on market signals to figure out the best way to make their product.
How to Make a Pencil
logicmag.io
Mises argued that socialists were wrong on both counts. Instead, people in a socialist society would work more hours and get less for it. That’s because, in his view, the efficiency of modern economies was inextricably connected to their organization via the market, with its associated institutions of money and private property. Get rid of these institutions, and the technologies developed over the course of the capitalist era would become fundamentally worthless, forcing societies to regress to a less advanced technological state.
How to Make a Pencil
logicmag.io
...catch up on these, and many more highlights
Readwise