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Bastiat the Great

Thursday, July 24th, 2014 by posted in Economics, Education, History.
bastiat-pic teaser

This article originally appeared as the introduction to Bastiat’s Economic Sophisms (FEE, 1962). Reprinted from Mises.org Frédéric Bastiat was born at Bayonne, France, on June 29, 1801. His father was a wholesale merchant, but Frédéric was orphaned at the age of nine and

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The Decline of Influence

Tuesday, July 22nd, 2014 by posted in Foreign Policy, History, Philosophy.
Mideast Iraq Violence

The world is seemingly aflame in chaos right now. The Israeli military has invaded the Gaza strip after the breaking of an 18-month cease-fire agreement. Which side broke the accord is still an open question. A commercial airliner was shot

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The Suicide of Communism: The Case for Patience

Friday, July 18th, 2014 by posted in Economics, History.
berlinwall teaser

Reprinted from GaryNorth.com At the age of 72, I look back at my life, and I ask a question: “What was the most significant event of my lifetime?” I go back and forth between two events, but in fact they

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The Treaty That Wall Street Wrote

Wednesday, July 16th, 2014 by posted in Banking, Capitalism, History, Politics.
Ship-At-Panama-Canal-1 teaser

[From Inquiry (1977); reprinted in Wall Street, Banks, and American Foreign Policy (1995).] Reprinted from Mises.org The Panama Canal question has already established itself as the hottest political issue for the coming year. Ronald Reagan, who almost rode to the Republican nomination last year on

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The Power and Glory of M&Ms

Tuesday, July 15th, 2014 by posted in Capitalism, Economics, History.
mms teaser

Reprinted from Liberty.me When we think of America’s greatest achievements — Hollywood, jazz, TexMex — we too often leave out what the 21st century may eventually reveal to be the greatest of all: M&M candies. How many times have you

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The Rebirth of Austrian Economics

Wednesday, July 9th, 2014 by posted in Economics, History, Philosophy.
South_Royalton_Vermont teaser

Reprinted from Liberty.me Forty years ago, during the week of June 15-22, 1974, the Austrian School of Economics was reborn during a conference in the small New England town of South Royalton, Vermont. Why was this important? Because the economists

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A New Natural Law

Monday, June 23rd, 2014 by posted in History, Law, Philosophy.
naturallaw

I’m often given the opportunity to speak to young interns about liberty and economics. These discussions cover a whole range of topics including anti-trust laws, private police, anti-discrimination legislation, and national defense. On some occasions, I give them Bryan Caplan’s

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The Rise of Capitalism

Thursday, June 19th, 2014 by posted in Capitalism, History.
industrial_revolution teaser

[Liberty & Property (2009)] Reprinted from Mises.org The precapitalistic system of product was restrictive. Its historical basis was military conquest. The victorious kings had given the land to their paladins. These aristocrats were lords in the literal meaning of the word,

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The New Totalitarianism

Thursday, June 12th, 2014 by posted in History, Politics.
Franco-reviewing-troops_1939 teaser

Reprinted from LewRockwell.com Regular readers of LRC are no doubt familiar with the criticisms of Marxism to be found within the classical liberal, traditional conservative and modern libertarian intellectual traditions. However, I come from another tradition that contains within itself those thinkers

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The Levellers and Early Libertarian Thought

Wednesday, June 11th, 2014 by posted in Capitalism, History, Politics.
John-Lilburn-0011 teaser

Reprinted from Mises.org The first-ever libertarians were the Levellers, an English political movement active in the seventeenth century. The Levellers contributed to the elaboration of the methodological and political paradigm of individualism, and they are at the origin of the

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The Last Communist City

Thursday, May 29th, 2014 by posted in Capitalism, Economics, History.
cuba teaser

Reprinted from City Journal Neill Blomkamp’s 2013 science-fiction filmElysium, starring Matt Damon and Jodie Foster, takes place in Los Angeles, circa 2154. The wealthy have moved into an orbiting luxury satellite—the Elysium of the title—while the wretched majority of humans

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Is There a Case for Reparations?

Tuesday, May 27th, 2014 by posted in Capitalism, History, Politics.
tanehisi

Any writer capable of making a reader rethink his firmly-held position is gifted. Words are the projection of meaning, and it’s through words that ideas change, attitudes adjust, emotions are tempered, and we learn. The message doesn’t always have to

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The Demise of the Dollar

Friday, May 23rd, 2014 by posted in Banking, Capitalism, Economics, History.
dollar printing teaser

Reprinted from the Pembroke Daily Observer Over twenty years ago, while walking the streets of Saigon, Vietnam, I came across an elderly drinks seller who surprised me by pulling a sizeable wad of US dollars out from underneath her blouse in

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The Lesson of Eugenics: “Perfection” Taken Too Far

Saturday, May 17th, 2014 by posted in Health Care, History, Regulation.
dnaediting

Reprinted from the Press and Journal The era of cheap housing may finally be upon us. In China, the private firm WinSun is using 3D printers to produce up to 10 houses a day. Thanks to the decreased labor cost

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Foreword to The Failure of the “New Economics”

Friday, May 9th, 2014 by posted in Capitalism, Economics, History.
keynes (1) teaser

[This foreword to Henry Hazlitt's Failure of the New Economics was first published inNational Review, August 15, 1959.] Reprinted from Mises.org For most people, economics has ever been the “dismal science,” to be passed over quickly for more amusing sport. And yet,

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To Become Worthy of a Free Economy

Thursday, May 8th, 2014 by posted in Economics, Education, History, Philosophy.

Panel Presentation Delivered at the 18th Annual Civitas Conference – May 3, 2014 Why is it that, every single time we board an aircraft, a flight attendant says, “In case there’s a loss in cabin pressure, please secure your own

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How Regulated is Canadian Agriculture?

Tuesday, May 6th, 2014 by posted in Economics, Foreign Policy, History, Law, Regulation, Trade.
Canada

The 2014 Farm Bill has been passed. While some are complaining that the newest iteration of the Bill did not retain enough of the provisions from the previous, 2008 version, some are claiming that even passing it was quite an

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Happily Never After

Thursday, May 1st, 2014 by posted in Capitalism, Economics, History.
soviet-space-program-propaganda-poster-14 teaser

Reprinted from FEE.org Francis Spufford. Red Plenty. Graywolf Press, 2012. 448 pages. This column was originally part of a paper presented at the recent APEE meeting in Las Vegas. Francis Spufford’s Red Plenty has been ably reviewed in these pages before. But it’s a book I can’t stop

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Thomas Piketty on Inequality and Capital

Tuesday, April 29th, 2014 by and posted in Capitalism, Economics, History.
piketty teaser

Reprinted from Mises.org Thomas Piketty’s Sensational New Book   By Hunter Lewis Thomas Piketty, a 42-year-old economist from French academe has written a hot new book: Capital in the Twenty-First Century. The U.S. edition has been published by Harvard University

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For More Jobs and Stability, Set the Economy Free

Friday, April 18th, 2014 by posted in Capitalism, Economics, History.
yellen teaser

Reprinted from Mises.org The headline in the print edition of the Denver Post of an associated press story on the nomination of Janet Yellen highlights a quote from President Obama, “She understands the human cost when people can’t find a job.” This statement

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