• A claim for equality of material position can be met only by a government with totalitarian powers. - Friedrich A. Hayek

Review

Economics and Its Opposite

By Jeffery A. Tucker  
Mon, 15/02/2010 - 10:20pm
Thu, 13/11/2008 - 12:00am

One of the fatalities of publishing at a rocket pace is that some amazing treasures get overlooked. So this column, perhaps the first of a series, covers some titles in the Mises Store that have not received much attention in the praiseworthy swirl of mania over Rothbard's Mystery of Banking and America's Great Depression, and Mises's Causes of the Economic Crisis, titles which speak directly to the moment.

I'll start with an unlikely title here, a book by an author you have never heard of. His name is Faustino Ballvé. He was from Mexico, a working economist whose intellectual life was changed completely when Mises visited the country and lectured. Mises and Ballvé carried on an extensive correspondence after. Ballvé continued to read and correspond for years.

Finally the professor sat down and wrote a primer on economics. The result was Essentials of Economics, first in Spanish and then translated to English. Nowhere does this book specifically say that it is free-market oriented or Austrian or Misesian. To Ballvé, this is just good economics, and he presents it as such.

The Genius of Carabini

By Jeffery A. Tucker  
Wed, 20/01/2010 - 2:05am
Mon, 15/12/2008 - 12:00am

Everyone comes to an understanding of liberty through a slightly different route, which is one reason why there need to be so many varieties of primers available, and why people continue to write them.

The newest one has the potential to become a classic among a certain type of reader, a business owner who seeks to understand his or her place in the world, and to be inspired to help bring about the type of world that is necessary in order for business to make a valued contribution to society.

The book is Inclined to Liberty, and its author is Louis Carabini, the founder of the precious-metals-trading firm Monex. In fact, as a means of promoting this wonderful book, a special website has been created to draw new readers to it. It is InclinedtoLiberty.com. This is an excellent site to recommend to any businessperson you know.

The book is divided into many small chapters, each of which takes only a few minutes to read. The topics are the burning ones of the day, each touching on an issue that is critical to the survival of freedom. Carabini deals with the place of entrepreneurship, private property, the legitimacy of profit, the urge to coercively redistribute wealth, the impulse to tax and regulate, inflation and monetary theory, and other such issues.

Learning for Liberty

By Thomas E. Woods Jr  
Sat, 07/03/2009 - 10:38pm
Sat, 07/03/2009 - 10:38pm

So much to read and learn, and so little time. Thanks in no small measure to the energy that Ron Paul's candidacy unleashed, more people than ever are eager to cut through the propaganda and uncover the truth. But where to start? And how can you get the most out of the time you have to devote to reading and study?

I put together the resources that follow as my way of answering these questions. I've included books (many in free online versions) and articles, as well as audio and video files that are also free. For the current crisis, see especially The Bailout Reader. Take a look also at the reading list Dr. Paul includes in his book The Revolution: A Manifesto. Many of these titles also appear in the categories below: economics, sound money, foreign policy, the Constitution, and civil liberties.

Can we read our way to freedom? No, but we cannot be effective activists in the Ron Paul tradition unless we know some economics and history, and the various depredations, foreign and domestic, of the regime.

This Perfect Hell

By Ralph Raico  
Sat, 07/03/2009 - 5:12pm
Sat, 07/03/2009 - 5:12pm

Ira Levin's gift is no longer what it once was, to judge from his recent Son of Rosemary and his Sliver a few years back. Still, we are permanently in Levin's debt. For decades he produced some of the most exciting and intelligent page-turners in the business – A Kiss Before Dying, Rosemary's Baby, The Stepford Wives, and The Boys from Brazil. Like his Broadway hit, Death Trap, these were all turned into movies. Rosemary's Baby, brilliantly directed by Roman Polanski with a superb cast, was understandably omitted from the American Film Institute's recent list of the 100 greatest American films – otherwise, there might not have been room for Jaws or Dances with Wolves. However, the best work of Levin's creative period was never filmed at all. It is This Perfect Day.

The Place of Mises's Liberalism

By Ralph Raico  
Sat, 07/03/2009 - 3:39pm
Sat, 07/03/2009 - 3:39pm

The great intellectual and political movement known as liberalism has been one of the prime shapers of the modern world. As Ludwig von Mises wrote, it "changed the face of the earth," creating for the peoples who shared in it a life of freedom and abundance unexampled in previous history. Given this, the paucity of general works on the history and philosophical bases of liberalism and the mediocrity of most of the readily accessible ones is curious indeed. (This does not hold, however, for works of more limited scope. The Decline of American Liberalism, (1955) by Arthur A. Ekirch, Jr., for example, combines fine scholarship with a seasoned understanding of the true meaning of liberalism.)

The best known book in the field is doubtless the History of European Liberalism, by Guido de Ruggiero, originally published in 1925. Still useful in some respects, it suffers from a conceptual haziness and a lack of cutting edge perhaps attributable to the neo-idealist philosophy popular in Italy at the time, of which the author was a follower. Moreover, although himself a liberal in a very broad sense, Ruggiero had little knowledge of economics or appreciation of the functioning of the free market. His vulnerability to anticapitalist arguments may be gathered, for instance, from his treatment of the Industrial Revolution in Britain. Here he repeats the common socialist interpretation of that great process as a catastrophe for the working class, in terms scarcely differing from those of Friedrich Engels.

The Meaning of the Mises Papers

By Hans-Hermann Hoppe  
Thu, 05/03/2009 - 11:02pm
Thu, 05/03/2009 - 11:02pm

The personal, political, and scholarly papers of Ludwig von Mises have been discovered in a formerly secret archive in Moscow. So have the papers of many of Mises's colleagues and associates during his years in Vienna, including friends and foes in academia, politics, and business.

What does this startling news --which has Misesians the world over cheering--mean? It opens enormous possibilities for deepening our understanding of the life and times of Mises, and therefore much about the intellectual history of our century. Mises's career in the U.S., which began when he was sixty years old, is documented, but without his Vienna papers, there would always have been a void in our understanding of this extraordinary man.

The Hoppeian Way

By David Gordon  
Thu, 05/03/2009 - 5:42pm
Thu, 05/03/2009 - 5:42pm

The Economics and Ethics of Private Property: Studies in Political Economy and Philosophy. Second Edition. By Hans-Hermann Hoppe. Ludwig von Mises Institute, 2006. Xii + 433 pgs.

Hans Hoppe is a thinker of striking originality, and this excellent collection of his essays is filled with arguments: it is, as my great teacher Walter Starkie used to say, "packed with matter." I shall confine myself to a few of his points, but it would be an easy task to write several other reviews, each emphasizing completely different arguments.

Among libertarians, Hoppe is best known for his "argumentation ethics", his endeavor to show that acceptance of the principle of self-ownership is a demand of reason. Some people have objected not only to the details of Hoppe's argument but also to his entire project. The purpose of ethics, the objectors allege, is to guide action. If so, then a system of ethics must show why you have an interest in following its dictates. To motivate someone to do something, you must show that doing it is a means to his goals.

Murray Rothbard’s Favorite Books

By David Gordon  
Thu, 05/03/2009 - 5:38pm
Thu, 05/03/2009 - 5:38pm

Few scholars approach Murray Rothbard’s immense learning in economics, history, politics, and philosophy. From all the books he read, Rothbard singled out a few that had most influenced him. His list, together with brief comments, is contained in a letter, dated January 24, 1994, with the heading "Books That Formed Me." The list tells us much about this remarkable mind.

As all readers of Rothbard know, he wrote in a sparkling, punchy style, ever alert to take the battle to the enemy. Here his model was H. L. Mencken, who he calls "my favorite single writer as a writer." He mentions in particular the collection A Mencken Chrestomathy, which he terms "a hilarious blockbuster." Mencken combined "social wit and libertarian social analysis," and this is just what Rothbard aimed at in his own work. Mencken wrote with clarity and force, in contrast with the woolly circumlocutions of most mainstream "social scientists." One of the worst offenders in this regard was Thorstein Veblen; and Rothbard found Mencken’s mordant demolition of Veblen, both as thinker and stylist, to be "one of the funniest and most perceptive essays on social science ever written."

The Revolution: A Manifesto

By David Gordon  
Thu, 05/03/2009 - 5:17pm
Thu, 05/03/2009 - 5:17pm

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Friedman Contra Rothbard

By David Gordon  
Thu, 05/03/2009 - 4:52pm
Thu, 05/03/2009 - 4:52pm