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Jaycob

@JaycobYes

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UIC grad ➡️ GMU bound | @chandrankukath1 , @deirdremcclosk , and @sghorwitz Stan | “Everyone on Twitter except @JaycobYes is a coward” - @d_kuehn

Joined July 2018
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@JaycobYes
Jaycob
5 years
Reminder that my girlfriend has better skin than you
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1 year
Out: Mises calling Friedman a socialist. In: Rose Wilder Lane calling Mises a socialist.
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5 months
Just found out I have been accepted into GMU for a masters in economics 🥳
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1 year
Austrian economist Dave Prychitko is my favorite critic of Marx because he goes above and beyond to steel man Marxist philosophy. Both Marxists and libertarians would benefit from reading him. I’d love to see Dave converse with @MattPolProf @ARossP @BenBurgis @CPostcapitalism
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4 months
My face when socialists claim super computers can solve the knowledge problem
@FriedrichHayek
TakingHayekSeriously
4 months
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2 years
Apparently Thomas Sowell has another book coming out soon @AustrianEn
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2 years
I’m about halfway through “How the World Became Rich” by @MarkKoyama and @jaredcrubin . It’s an amazing book and I want to share my favorite part of it: the short summaries of each hypothesis.
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2 years
Books I recommend about immigration: 1. Open Borders (Caplan) Fun/easy read 2. The economics of Immigration (Powell) General Econ 3. Streets of Gold (Boustan) Econ/history 4. Immigration and Freedom (Kukathas) Ethics 5. Wretched Refuse (Nowrasteh) Econ/Institutions
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7 months
This is backwards. Bob Lucas called himself an Austrian until Modern Austrians ostracized him so much he dropped the label. The real problem is that Austrians are too hostile towards competing schools of thought imo
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1 year
If you’re interested in learning about the Austrian School of economics, in my experience, the best books you should read are: 1. How to Think About the Economy by @PerBylund 2. Austrian Economics: An Intro by @sghorwitz 3. Advanced Intro to the Austrian School by Holcombe 1/2
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3 months
Interesting to note Mises explicitly interpreted his market process theory as a shared method with Hayek
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5 months
The libertarian debate over immigration seems to consist of a few questions and assumptions that are not always specifically addressed. I’m going to try and lay them out here in hopes that this will help people communicate their ideas more clearly.
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1 year
Israel Kirzner on the difference between his theory of entrepreneurship and Joseph Shumpeter’s. “Shumpeter’s entrepreneur acts to disturb an existing equilibrium. […] My own treatment of the entrepreneur emphasizes the equilibrating aspects of his role” From C&E
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1 year
I really like @Austro_Punk ’s idea for differing factions to come together to make an Austrian textbook exploring the schools various positions. Some people I’d love to see working on this are @PeterBoettke , Dave Prychitko, @PerBylund , @BobMurphyEcon
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1 year
I am rereading Mises’s chapter on fascism from Liberalism. While it does praise a few accomplishments by the fascists, to me, it reads more like an attempt at persuading readers to abandon fascism. Red = “sympathetic” remarks towards fascism Blue = critiques of fascism
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2 years
“There is little evidence that migrants choose their state destination based on the generosity of the welfare system” - @AlexNowrasteh in @Benjami57376369 ’s great book
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10 months
For anyone interested, it turns out “From Marx to Mises” Is not entirely a substitute of Lavoie’s “Rivalry & Central Planning”. There are many similarities, but Steele also goes into great detail describing Marx’s economic and political views. I recommend checking both out!
@JaycobYes
Jaycob
10 months
October’s pick is R&CP by Don Lavoie. I’m really looking forward to this one and getting the chance to talk about it with @PeterBoettke . Since I’ve read it before I’m taking the opportunity to finally read Steele’s book. I’m curious how the two will compare. Still time to join!
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3 years
@ComicDaveSmith I feel like this entirely relies upon how we define “social conservatism” and “woke progressivism”. For example, some people associate social conservatism with things like the family, but others associate it with things like forcing gay people to stay in the closet.
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2 years
Ludwig Von Mises edited an edition of the Wealth of Nations???
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1 year
Randall G. Holcombe on why Austrian economists tend to be libertarians/Classical liberals
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1 year
Cool, cool. Just the LPMC explicitly saying there’s nothing wrong with having PRO-RUSSIAN INVASION speakers at an ANTI-WAR event. I get wanting to oppose US involvement, but Is this an anti-war rally or an anti-Ukraine rally? @angela4LNCChair @ComicDaveSmith @scotthortonshow
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2 years
Looking forward to reading this behemoth with @PeterBoettke and @Liberty_Fund
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3 years
@robbysoave @EricBoehm87 @RubinReport Sad to hear. I remember back when @RubinReport first started and I’d watch his interviews. Now he disrespects past guests who question his rhetoric and simps for Republicans
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2 years
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5 months
"As far as I know, [he] is the first person to mention, let alone stress, the importance of my own contributions to the typology of government intervention. This makes [him], in my own biased view at least, an unusually perceptive economist." -Murray Rothbard on Don Lavoie
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6 months
I know a lot of my libertarian friends don’t like Reason … so, here’s an article from the Mises Institute saying the exact same thing .
@reason
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Texas Gov. Greg Abbott misunderstands the long-established legal and practical definitions of an "invasion"
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6 months
@PeterBoettke I don’t think the socialist calculation debate was ever brought up in any of my undergrad classes. Hayek made a brief appearance in one of my classes, but that was in relation to his work on business cycles. I’m 99% sure most people are thinking of Nordic social democracies
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Jaycob
1 year
1. The Liberal Archipelago 2. Hayek’s Modern Family 3. Inequality: An Entangled Political Economy 4. National Economic Planning: What is Left? 5. Marxism & Workers Self-Management 6. Wittgenstein, Austrian Economics, & the Logic of Action 7. The Routledge Handbook of Anarchy
@BrianCAlbrecht
Brian Albrecht
1 year
Introduce yourself with seven books: 1. Theory of Price 2. Price Theory 3. Applied Price Theory 4. Chicago Price Theory 5. Price Theory: An Intermediate Text 6. Price Theory and Applications 7. University Economics
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1 year
1. @EconTalker ✅ 2. Israel Kirzner ✅ 3. @vstorr & @ginnyschoi 🚧 @Liberty_Fund / No Due Date group is starting off with some absolute bangers this year
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3 years
@corymassimino I’m really tired of libertarians downplaying how detrimental immigration restrictions are
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1 year
New books came in. Went with Kirzner’s book on Capital thanks to the recommendations of @PerBylund and @BobMurphyEcon
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3 years
Milton Friedman’s relationship with Ludwig Von Mises is very interesting. While believing Mises was intolerant of other ideas and disagreeing with his methodology, he still thought Mises deserved a Nobel Prize.
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1 year
@ComicDaveSmith Peter Boettke Deirdre McCloskey David Friedman Roderick Long Thomas Sowell Lawrence H. White Karen Vaughn Israel Kirzner Richard Ebeling Christopher Coyne
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3 years
@ThomasEWoods Are you referring to @AndrewRCraig who has absolutely read Mises and seems cool with the Austrian school, or are you referring to left-libertarians like those at @c4ssdotorg who have also absolutely read Mises and often advocate Austrian economics
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2 years
Reading @jasonrileywsj ’s biography of Thomas Sowell next. I’ll be sharing parts I find interesting in this thread as I read through it!
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1 year
@necrospaia Many early socialists didn’t even understand socialist economics
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1 year
Israel Kirzner on the central theme of Competition and Entrepreneurship.
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2 years
“I don't like criticizing Milton Friedman not only because he is an old friend but because, outside of monetary theory, we are in complete agreement. Our general views on what is desired and what is not are almost identical until we get on to money.” -Hayek
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1 year
Israel Kirzner on the theory of monopolistic competition. Competition and Entrepreneurship
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5 months
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2 years
@AgnesCallard Wouldn’t this just incentivize the kids to consume as much candy as possible on Halloween night or to hide the candy?
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8 months
@yanisvaroufakis Nozick was very explicitly not an anarchist or anarcho-capitalist. He supported a minimal state. This is all in the first chapter of AS&U
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3 years
@ThomasEWoods has an episode on left-libertarians claiming AOC is more libertarian than Thomas Massie. The episode kinda annoyed me so I thought I’d write down my thoughts on what I disagreed with and where I thought he made some good points
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4 months
Don Lavoie on the philosophical disadvantages in classical liberal thought
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2 years
It appears @ARossP and @shikhadalmia are the true rothbardians
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9 months
@AlanWolan If you want to fully understand the Israel/Gaza war, it’s time to read: Blaming the Victims by Edward Said & Christopher Hitchens Failing Peace by Sara Roy Enemies and Neighbors by Ian Black Palestine & the Arab Israeli Conflict by Charles D. Smith
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2 years
The Forgotten Contribution of Murray Rothbard on the Socialist calculation debate Living Economics, by Peter Boettke
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3 years
Read 👏 more 👏 George 👏 Selgin 👏
@WilliamJLuther
𝕎𝕚𝕝𝕝𝕚𝕒𝕞 𝕁. 𝕃𝕦𝕥𝕙𝕖𝕣
3 years
That system worked much better than most economists today suggest. Its notable shortcomings were unique to the US experience, a consequence of prohibiting branch banking and requiring notes be backed by government bonds. See this thread by @GeorgeSelgin
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Jaycob
10 months
October’s pick is R&CP by Don Lavoie. I’m really looking forward to this one and getting the chance to talk about it with @PeterBoettke . Since I’ve read it before I’m taking the opportunity to finally read Steele’s book. I’m curious how the two will compare. Still time to join!
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@Econlib
Econlib
10 months
Earlier this week, #NoDueDate subscribers got to chat about Anthony de Jasay's classic "The State" with @pierre_lemieux and @peterboettke . Don't miss the next opportunity. Subscribe today.
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2 years
While at the University of Chicago, Sowell took a course on the history of economic thought taught by F.A. Hayek!
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2 years
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1 year
Did Böhm-Bawerk misunderstand Marx or did Sowell misunderstand Böhm-Bawerk? @BobMurphyEcon @GeneSohoForum @PeterBoettke @AustrianEn @spydermed @VincentGeloso
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3 years
@ComicDaveSmith For example, some people associate “woke progressivism” with supporting equal dignity between all races and sexes. Others associate it with top-down social control of all people, destroying any and all dissent.
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2 years
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5 months
Also, can bordertarians please read up on how immigration enforcement targets natives as well as foreigners. @NathanPGoodman @ccoyne1 and @ChandranKukath1 have written on this
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Jaycob
1 year
I was excited to find what @Liberty_Fund sent me for this months #NoDueDate selection. The right is what I got while visiting Baylor 😎
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1 year
I also rarely see people mention Mises’s chapter on Fascism in Socialism. A few quotes: “The short-lived Fascist episode ended in blood, misery, and ignominy.” “Fascism is not as the Fascists trumpeted a new way of life; it is a rather old way towards destruction and death.”
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4 months
Great review by Rosolino Candela of Kirzner’s Discovery, Capitalism, & Distributive Justice. Since we’re reading this in the NoDueDate reading group, I wanted to share some highlights. Lmk if you have any questions you want me to bring up in discussion!
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5 months
“I am completely willing to hear out any criticisms of Hoppe’s argument against open borders!” Proceeds to spend hours debating with anonymous accounts on social media instead of engaging with relevant papers in libertarian journals
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Jaycob
5 months
This is why I’m happy @BobMurphyEcon interviewed @ComicDaveSmith about this and I why I’m looking forward to his potential interview with Guenzl. We need more civil conversations like this that get into the gritty details.
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4 months
@MutualSociology Hayek expands on his views in this Interview. He was always explicit that he was against Laissez-faire. I also recommend this article by Bruce Caldwell
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2 years
@necrospaia Wait does Hoppe just reply to emails? Is he the right-wing Chomsky?
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3 years
@Noahpinion It makes more sense once you understand they care less about Cuban lives and more about espousing anti-American rhetoric
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2 years
Last books for @Liberty_Fund ’s No Due Date book club! 🔥
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5 months
@radleybalko Fair, but I think another way of looking at this is as an opportunity for him to promote your work to an audience that might not know it exists.
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Jaycob
3 years
Does anyone have a link to a video or transcript of this speech “Hoppean Libertarianism as Right-Wing Tribalism: A Critique by Roderick T. Long”? @BadmenBad @corymassimino @rechelon @c4ssdotorg @RoderickTLong
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2 years
“In my youth it was said that what was too silly to be said may be sung. In modern economics it may be put into mathematics” -Ronald Coase
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Jaycob
2 years
My brother Zack got me a signed copy of @petergklein ’s new book 🤩
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Jaycob
3 years
I recently updated my piece on libertarian infighting. It touches on -Rhetoric -The alt-right -What libertarians can do to reach out to women and non-white people Give it a read and place check out the links to other articles/sources
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Jaycob
3 months
This months NoDueDate pick!
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Jaycob
2 years
Initially, Hayek’s “The use of knowledge in society” had no impact on Sowell. It wasn’t until he taught a course on the Soviet economy that he recognized it’s significance. This led to his best book imo, Knowledge and Decisions
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Jaycob
11 months
This is a very good overview of Kirzner’s research on entrepreneurship by Frederic Sautet. One of my main takeaways is that one should read C&E, but not just C&E to understand Kirzner’s mature view.
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Jaycob
5 months
Here are some interesting passages written by Simon Guenzl relating to the libertarian immigration debate. @liquid2ulu @worst_account @cafreiman @Ace_Archist
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3 years
Really great Garrison quote in Rothbard’s bio
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3 years
@chrishudsonjr @SallyMayweather Yeah I don’t get it, if you’re not gonna support state enforcement of immigration barriers then just say you’re for open borders
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Jaycob
1 year
@realjudeleelind When I say I’m a libertarian, this is what I mean
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Jaycob
2 months
@jwsherrod Nice they nominated a libertarian (stfu about “left libertarianism”, plenty of right libertarians support this stuff)
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Jaycob
4 months
My professor is coming out with a new book on the 19th century cooperative movement! Might interest @daveprychitko @CPostcapitalism @NathanPGoodman @corymassimino @GhostCoase @MattPolProf @BenBurgis
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3 years
@LPLiberation 1. Open borders 2. Housing deregulation 3. Intellectual property minimization/abolition 4. Prison reform + end war on drugs 5. mutual aid institutions to combat poverty and other social issues
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Jaycob
5 months
1) Should all property be privately owned in the sense that immigration will solely be a matter of invitation or trespass? Suppose a trespasser comes on my land, and I wish to remove them. If all the land around me is privately owned as well, where can I rightfully move him?
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2 years
@sapinker remarks that Sowell’s columns may have grown his popularity, but also may have cut him off from the intellectual mainstream. However, he calls Sowell “one of the most brilliant people he’s come across”. @jasonrileywsj also summarizes Sowell’s critique of nation building
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4 months
Some passages about Hayek from two Caldwell papers I found interesting
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Jaycob
7 months
The idea that taxpayers are the true owners of government property sounds intuitive at first, but it is not true. Simon Guenzl explain why below
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@ComicDaveSmith
Dave Smith
7 months
@TheLostOddity @RecTheRegime @lockoutdays @PacingJouska @Harry4liberty @colekutz316 @RealSpikeCohen @JacobHornberger Of course there is. If someone mugs you and takes your wallet, it doesn’t become the worlds wallet. It’s still yours. The true owner of all government property are the tax payers.
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Jaycob
3 years
The @LPNational should make @justinamash and @janecoaston the faces of the libertarian movement
@justinamash
Justin Amash
3 years
Two libertarians on one Sunday morning show.
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Jaycob
5 months
But are taxpayers the rightful owners of public property simply because they fund it? Suppose a person owns a private park, but it is taken by the state through eminent domain. Does he not have a better claim than the taxpayers?
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Jaycob
8 months
F.A. Hayek on Don Lavoie 👇🏻
@PeterBoettke
Peter Boettke
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@JaycobYes @y2012ash He sent Lavoie a letter mid 80s praising him for his work and giving him ‘the Hayek Award’ for the slaying of socialists. Lavoie hung a framed version of the letter. He also was asked at GMU to provide T&P evaluations for Viktor Vanberg as well as Lavoie. These again our
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Jaycob
5 months
Hoppe claims that the net taxpayers have the best claim over how public property should be managed since they are the source of its funding. However, since they don’t have control over its operations, he claims the state should act as a trustee following the full-cost principle.
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Jaycob
3 years
Hayek, Buchanan, @sghorwitz , @AlexNowrasteh , David Prychitko
@AustrianEn
Austrian Institute
3 years
Quote-tweet your five favorite economists.
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1 year
@JoshEakle You’re not really addressing his main argument, being that NATO is NOT a defensive alliance IN PRACTICE. Im not read enough to assess this claim, but that’s his main point.
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Jaycob
3 years
The reason I was drawn to left-libs is because they literally promote the best parts of Austrian Econ. Carson, Long, Boettke, Horwitz, Prychitko, @BadmenBad , @corymassimino . All of these people can do a much better job explaining Austrian Econ than Woods.
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Jaycob
2 years
@chrishudsonjr For progressives: “National Economic Planning. What is left” by Lavoie and “Less than Zero” by George Selgin For conservatives: “Hayek’s Modern Family” by Steve Horwitz and “The Economics of Immigration” by Ben Powell
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Jaycob
9 months
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Jaycob
9 months
Market Theory & the Price System The Liberal Archipelago Immigration & Freedom National Economic Planning Black Rights / White Wrongs Neoliberal Social Justice Wittgenstein, Econ, & logic of Action Deleting the State Radicalizing Rawls Marxism & workers Self-Management
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Jaycob
3 years
@cojobrien I’m actually 20
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Jaycob
2 years
Paul Heyne on how and how not to teach students about price controls in introductory economics
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1 year
@RishiJoeSanu Yeah my understanding is that Marx is probably more known in sociology or English departments than Econ departments. I think @PhilWMagness did some work tracking this
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