Philipp Bagus
Biographic Data
| ID | 482900 |
|---|---|
| NAME | Philipp Bagus |
| GIVEN NAMES | Philipp |
| FAMILY NAME | Bagus |
| SIGNATURE | BAGUS P |
| AFFILIATIONS | Universidad Rey Juan Carlos |
| ORCID | 0000-0002-8233-6629 |
| VERIFIED | Yes |
| TOTAL WORKS | 8 |
| TOTAL CITATIONS | 3 |
| AUTHOR COUNT | 8 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2011 |
| LATEST PUBLICATION YEAR | 2024 |
| H-INDEX | 1 |
Microaggressions, cancel culture, safe spaces, and academic freedom
Science is critical and thrives on discourse. However, new challenges for science and academic freedom have arisen from an often‐discussed cancel culture and an increasing demand for safe spaces, which are justified by their assumed protection against microaggressions. These phenomena can impede scientific progress and innovation by prohibiting certain thought processes and heterodox ideas that eventually result in new ideas, publications, statem…
Capitalism, Covid ‐19 and lockdowns
Commentators believe that the COVID‐19 pandemic reveals the inconveniences of capitalism and that the end of “neoliberalism” could be near. In this article we show that a capitalist ethics is capable to deal with the challenges of pandemics and comes with important advantages such as the prevention of overreactions. We apply both utilitarian and rights‐based ethics to the case of epidemics in general and COVID‐19 in particular. First a libertaria…
An ethical defense of cryptocurrencies
The growing importance of the cryptocurrency phenomenon has raised concerns about the ethical implications of a hypothetical widespread use of these new forms of digital money. In this paper, we undertake an ethical assessment of cryptocurrencies drawing upon two specific ethical theories: private property ethics and utilitarianism. Particularly, we focus on three distinctive aspects. First, we examine the advantages and disadvantages of cryptocu…
Covid-19 and the Political Economy of Mass Hysteria
In this article, we aim to develop a political economy of mass hysteria. Using the background of COVID-19, we study past mass hysteria. Negative information which is spread through mass media repetitively can affect public health negatively in the form of nocebo effects and mass hysteria. We argue that mass and digital media in connection with the state may have had adverse consequences during the COVID-19 crisis. The resulting collective hysteri…
The anti deflation bias
Deflation is widely feared and opposed. This paper provides arguments to explain the anti-deflationary bias. It is argued that governments favour inflation, that the main deflation theories have influenced negatively the public opinion on deflation, and that rent-seeking behaviour and group formation explains why the opposition to deflationary redistribution is stronger than the opposition to inflationary redistribution. Moreover, psychological c…
Mises and Montaigne
Did Ludwig von Mises err in attributing the idea that “no man profits but by the loss of another” to Michel de Montaigne, as Casto Martín Montero Kuscevic and Marco Antonio del Río Rivera claim? In this brief comment we vindicate Mises's assessment and criticisms of Montaigne by way of three points. First, Mises was indeed correct in christening the belief that the economy can be presented as a zero-sum game as the “Montaigne dogma.” Second, we d…
Deposits, Loans, and Banking
The relationship between banking deposits and loans is contentious. While the defense of a 100 percent reserve clause to eliminate fractional reserves has commonly been asserted on economic and ethical grounds, Huerta de Soto (2006) arguments are largely ignored. Rozeff (2010) is an example. We show that treating a loan and a deposit interchangeably is impermissible due to both established and a priori legal principles. At best, fractional reserv…
Morgenstern's Forgotten Contribution
In contrast to physics, there is no estimate of statistical error within economics in spite of Oskar Morgenstern's book On the Accuracy of Economic Observation. The problem of error in economic observations is still a widely neglected problem. The various sources of error that come into play in the social sciences suggest that the error in economic observations is substantial. As the error might be substantial, this paper argues that the usefulne…
Mises and Montaigne
Did Ludwig von Mises err in attributing the idea that “no man profits but by the loss of another” to Michel de Montaigne, as Casto Martín Montero Kuscevic and Marco Antonio del Río Rivera claim? In this brief comment we vindicate Mises's assessment and criticisms of Montaigne by way of three points. First, Mises was indeed correct in christening the belief that the economy can be presented as a zero-sum game as the “Montaigne dogma.” Second, we d…
Deposits, Loans, and Banking
The relationship between banking deposits and loans is contentious. While the defense of a 100 percent reserve clause to eliminate fractional reserves has commonly been asserted on economic and ethical grounds, Huerta de Soto (2006) arguments are largely ignored. Rozeff (2010) is an example. We show that treating a loan and a deposit interchangeably is impermissible due to both established and a priori legal principles. At best, fractional reserv…
Morgenstern's Forgotten Contribution
In contrast to physics, there is no estimate of statistical error within economics in spite of Oskar Morgenstern's book On the Accuracy of Economic Observation. The problem of error in economic observations is still a widely neglected problem. The various sources of error that come into play in the social sciences suggest that the error in economic observations is substantial. As the error might be substantial, this paper argues that the usefulne…
Morgenstern's Forgotten Contribution
In contrast to physics, there is no estimate of statistical error within economics in spite of Oskar Morgenstern's book On the Accuracy of Economic Observation. The problem of error in economic observations is still a widely neglected problem. The various sources of error that come into play in the social sciences suggest that the error in economic observations is substantial. As the error might be substantial, this paper argues that the usefulne…
Deposits, Loans, and Banking
The relationship between banking deposits and loans is contentious. While the defense of a 100 percent reserve clause to eliminate fractional reserves has commonly been asserted on economic and ethical grounds, Huerta de Soto (2006) arguments are largely ignored. Rozeff (2010) is an example. We show that treating a loan and a deposit interchangeably is impermissible due to both established and a priori legal principles. At best, fractional reserv…
Mises and Montaigne
Did Ludwig von Mises err in attributing the idea that “no man profits but by the loss of another” to Michel de Montaigne, as Casto Martín Montero Kuscevic and Marco Antonio del Río Rivera claim? In this brief comment we vindicate Mises's assessment and criticisms of Montaigne by way of three points. First, Mises was indeed correct in christening the belief that the economy can be presented as a zero-sum game as the “Montaigne dogma.” Second, we d…
The anti deflation bias
Deflation is widely feared and opposed. This paper provides arguments to explain the anti-deflationary bias. It is argued that governments favour inflation, that the main deflation theories have influenced negatively the public opinion on deflation, and that rent-seeking behaviour and group formation explains why the opposition to deflationary redistribution is stronger than the opposition to inflationary redistribution. Moreover, psychological c…
An ethical defense of cryptocurrencies
The growing importance of the cryptocurrency phenomenon has raised concerns about the ethical implications of a hypothetical widespread use of these new forms of digital money. In this paper, we undertake an ethical assessment of cryptocurrencies drawing upon two specific ethical theories: private property ethics and utilitarianism. Particularly, we focus on three distinctive aspects. First, we examine the advantages and disadvantages of cryptocu…
Covid-19 and the Political Economy of Mass Hysteria
In this article, we aim to develop a political economy of mass hysteria. Using the background of COVID-19, we study past mass hysteria. Negative information which is spread through mass media repetitively can affect public health negatively in the form of nocebo effects and mass hysteria. We argue that mass and digital media in connection with the state may have had adverse consequences during the COVID-19 crisis. The resulting collective hysteri…
Capitalism, Covid ‐19 and lockdowns
Commentators believe that the COVID‐19 pandemic reveals the inconveniences of capitalism and that the end of “neoliberalism” could be near. In this article we show that a capitalist ethics is capable to deal with the challenges of pandemics and comes with important advantages such as the prevention of overreactions. We apply both utilitarian and rights‐based ethics to the case of epidemics in general and COVID‐19 in particular. First a libertaria…
Microaggressions, cancel culture, safe spaces, and academic freedom
Science is critical and thrives on discourse. However, new challenges for science and academic freedom have arisen from an often‐discussed cancel culture and an increasing demand for safe spaces, which are justified by their assumed protection against microaggressions. These phenomena can impede scientific progress and innovation by prohibiting certain thought processes and heterodox ideas that eventually result in new ideas, publications, statem…
Economics (6 works) · Law (5 works) · Law and economics (5 works) · Political science (5 works) · Computer Science (3 works) · Philosophy (3 works) · Sociology (3 works) · Banking stability, regulation, efficiency (2 works) · Business (2 works) · Disease (2 works)