Capitalism: A Treatise on Economics is an exhaustive defense of laissez-faire capitalism as prerequisite for continued progress of material civilization.
“The lesson of history,” Ferguson eagerly argues, “is that biological and political contagions often coincide.”
The theme of Jesse Singal’s book, The Quick Fix: Why Fad Psychology Can’t Cure Our Social Ills, is that many psychological theories that have promised a quick fix for various social problems have not lived up to their hype. Singal does a very good expose, although there is more to be said in some cases. I will make brief comments on each chapter.
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If you approach Austrians economics from a Marxian-style dialectic, as Janek Wasserman does, then you will miss the entire point of the school of thought and its contribution to the science of economics.
When The Black Book of Communism: Crimes, Terror, Repression appeared originally in France in 1997, it caused a firestorm of controversy.
Why did so many people turn their backs on the Western ideal of democratic, limited government and a market economy based on private ownership of the means of production?
To consume, men must first produce.
By removing the market’s solution to collapsing banks, this unraveling forced electorate-sensitive governments to take up the residual risk and backstop the financial system that Scottish banks themselves so effectively regulated in the past.
How and why governments have used the power of issuing official travel documents as a means of restricting the free movement of people during the last 200 years.
Interventions inevitably generate imbalances in the market that will force the government to either repeal the existing interventions or extend them in the futile attempt to use new interventions to compensate for the distortions its prior interventions have created, until finally the market has been supplanted by the command economy through a process of incremental expansion of the regulations and controls.
Karl Marx’s stubborn political staying power also requires that we grapple with his theory in an intelligent fashion and that we engage him seriously even if we judge his conclusions wanting.
Steven Kates refutes Keynes’s caricature of the classical economists. Ultimately it is always goods that are traded for goods. Say’s Law, properly understood, explains both what causes unemployment and how to solve it..
Mises’s brilliant treatise continues to be read and taken seriously as a cornerstone for understanding the nature of the free society and the workings of the market economy.
The actual injustice is that America has sold out the region’s only free society, Israel—along with freedom-seeking people across the Middle East and among the Palestinian community—while empowering jihadist forces.
Sowell shows that socioeconomic outcomes differ vastly among individuals, groups and nations in ways that cannot be easily explained by any one factor, whether it’s genetics, sex or race discrimination.
In his 1910 textbook, Elementary Principles of Economics, world-renowned Yale Professor Irving Fisher devoted part of a chapter to “Population in Relation to Wealth.” Fisher warned of the problem of “race suicide” caused by the fact that the most industrious and...
From the Audible website: “Black history and American history are forever intertwined. Limiting any celebration of Black history to a single month on the calendar does a disservice to the Black men and women who were (and are) integral to making this nation what it is...
Philosopher Ayn Rand on why “the greatest good for the greatest number” is one of the most vicious slogans ever foisted on humanity.
“Americanism” is not rooted in the nation, the race, or any other collective, but in a universal ideal: individualism.
Marxism/Socialism is a philosophy conceived in gross error and ignorance about the nature of capitalism, above all about the nature of the relationship between capitalists, profits, and wages.
The essential moral case for finance that Brook and Watkins present is that finance is good by the standard of human flourishing.
If today’s students are increasingly hostile to intellectual freedom, can we really expect tomorrow’s voters, lawyers, judges, politicians to uphold free speech?
Ludwig von Mises’s majestic magnum opus, Human Action: A Treatise on Economics, was published on September 14, 1949. In the nearly seven decades since its appearance, Human Action has come to be recognized as one of the truly great classics of modern economics.
“Whether one is a conservative or a radical, a protectionist or a free trader, a cosmopolitan or a nationalist, a churchman or a heathen, it is useful to know the causes and consequences of economic phenomena.”