Economics

Usury & Interest

The word “usury” has crept back into public view over the past decade. It is interesting that the current Pope, in 2014, greeted the┬áNational Council of Anti-Usury Foundation by saying “When a family has nothing to eat, because it has to make payments to usurers, this is not Christian, it is not human!” Usury, a […]

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Economics, Philosophy

The End of Economy

Rational Consumers Some axioms of Microeconomics concern the rational consumer. Consumer preferences are complete. A consumer, when faced with bundle A and bundle B, is able to rank: A>B or A=B or A<B. This implies consumer preferences are transitive: if A>B>C, then A>C. In applying the axiom of completeness we can expose its absurdity. Imagine […]

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