Fundamentals
Bimonetary System: What It Is and How It Works
A bimonetary system emerges when two currencies play significant roles in an economy, even if they serve different functions or do not share the same legal status.
Publication contributor
Articles by Daniel Sardá · Page 21
This archive contains published site articles attributed to Daniel Sardá. The separate Thinkers section contains historical intellectual profiles, not publication contributors.
Fundamentals
Capital Accumulation: What It Is, How It Happens, and Why It Matters
Accumulating capital is not simply a matter of setting money aside: resources must be converted into productive assets, maintained, and allocated effectively.
Fundamentals
University autonomy: academic freedom, governance, and accountability
What university autonomy means, how it works, which distinctions matter, and what risks, limits, and applications shape it.
Fundamentals
Store of value: how to tell whether an asset preserves purchasing power
A store of value carries purchasing power into the future, but no asset performs that function in every circumstance. This guide explains how to evaluate one without confusing preservation, returns, and safe-haven behavior.
Fundamentals
State-granted privileges: what they are and how to identify them
A guide to recognizing when public power grants a selective advantage, distinguishing it from other policy tools, and evaluating its rationale and effects.
Fundamentals
Self-responsibility: choosing, answering, and learning from consequences
What self responsibility means, how it works, which distinctions matter, and what risks, limits, and applications shape it.
Fundamentals
Seigniorage: what it is and how it differs from the inflation tax
A clear explanation of seigniorage, how it is measured, and why it is related to but distinct from the inflation tax.
Fundamentals
Saving and investment: differences, relationship, and examples
The difference between saving and investment, how they connect in personal finance and the wider economy, and which risks matter.
Fundamentals
Regional autonomy: territorial power, competences, and coordination
What regional autonomy means, how it works, which distinctions matter, and what risks, limits, and applications shape it.
Fundamentals
Property registry: what it is, how it works, and why it matters
A property registry makes the legal status of real estate visible. Understanding its records, effects, and limits can help people transact with less uncertainty.
Fundamentals
Productive assets: what they are, examples, and how they create value
What productive assets are, how they differ from other assets, and why their returns depend on use, risk, and maintenance.
Fundamentals
Private Property and Prosperity: A Conditional Relationship
Private property can give people a longer horizon for caring for, investing in, and exchanging resources. Its contribution to prosperity depends on legal security, contracts, competition, justice, and safeguards against harm.
Fundamentals
Political authority: power, legitimacy, and the duty to obey
What political authority means, how it works, which distinctions matter, and what risks, limits, and applications shape it.
Fundamentals
Political alternation: what it is and why it matters in a democracy
What political alternation means, the conditions that make it democratic, and why changing officeholders is not enough.
Fundamentals
Personal self-government: autonomy, reflection, and limits
What personal self government means, how it works, which distinctions matter, and what risks, limits, and applications shape it.
Fundamentals
Monetary base: currency, bank reserves, and the money supply
What monetary base means, how it works, which distinctions matter, and what risks, limits, and applications shape it.
Fundamentals
Medium of exchange: what it is and what economic problem it solves
A medium of exchange lets people sell to one person and buy from another. Its usefulness depends on acceptance, liquidity, and shared trust.
Fundamentals
Local self-government: meaning, powers, and democratic safeguards
What local self government means, how it works, which distinctions matter, and what risks, limits, and applications shape it.
Fundamentals
Local autonomy: municipal powers, resources, and limits
What local autonomy means, how it works, which distinctions matter, and what risks, limits, and applications shape it.
Fundamentals
Licenses and Permits as Barriers to Entry
A license can protect against genuine risks or needlessly close a market. The difference lies in its purpose, costs, and design.
Fundamentals
Liberal ideas: liberty, institutions, and pluralism
Liberal ideas form a diverse family united by the liberty of equal persons, the justification of power, and the protection of rights. This overview explains how those principles become institutions and why they do not lead to a single political program.
Fundamentals
Liberal antiperfectionism: state neutrality, pluralism, and limits
What liberal antiperfectionism claims, how it relates to state neutrality, and the main objections it faces.
Fundamentals
Legal uncertainty: what it is, why it arises, and how it affects the rule of law
Legal uncertainty arises when knowing the rules is no longer enough to reasonably anticipate how public authorities will act. Understanding its causes helps distinguish it from legitimate legal change and unavoidable uncertainty.
Fundamentals
Intellectual property: what it protects and where its limits lie
Intellectual property encompasses distinct rights over works, inventions, signs, and other intangible assets. Understanding it requires separating creation from legal rights and exclusivity from its limits.