Carl Menger: Pioneer of “Empirical Theory” Part 1

Wednesday, January 28th, 2015 by posted in Banking, Capitalism, Economics, History.

[This article is excerpted from chapter 4 of Mises: The Last Knight of Liberalism. Reprinted from Mises.org] Introduction The problems and ideas that moved Ludwig von Mises in his early years were addressed by the work of four great economic

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The Rise of Capitalism

Wednesday, January 21st, 2015 by posted in Capitalism, Economics, History.

This article is excerpted from Liberty & Property, part 2 (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

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John H. Dunn & The Financial Crisis of 1837

Sunday, November 30th, 2014 by posted in History.

It would be a grave mistake to neglect the financial crisis behind the Upper Canadian Rebellion of 1837 [1]. In the first half of the 19th century, Upper Canada was an economically-backward British colony. British money funded the roads, canals

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Hegel and the Romantic Age

Tuesday, September 16th, 2014 by posted in History.
georg-hegel teaser

This article is excerpted from volume 2, chapter 11 of An Austrian Perspective on the History of Economic Thought (1995) G.W.F. Hegel, unfortunately, was not a bizarre aberrant force in European thought. He was only one, if the most influential and the

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World War One and the End of the Bourgeois Century

Wednesday, August 20th, 2014 by posted in Capitalism, Civil Liberties, Economics, History.

Reprinted from Mises.org Last week (two weeks ago – ed. note) marked the 100 Anniversary of the beginning of World War I. That war, which produced over 37 million casualties, not counting the related famines and epidemics that came in the

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The Greatest Thinker You’ve Never Read: Ludwig von Mises

Monday, August 11th, 2014 by posted in Economics, History, Philosophy.
MisesLibrary (1) teaser

Reprinted from Forbes Had he not passed away at the tender age of 92 in 1973, Ludwig von Mises would have turned 131 years old today. In my humble opinion, he was the greatest social thinker of the twentieth century.

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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 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 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


A New Natural Law

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

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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Peter Boettke Interview

Wednesday, March 5th, 2014 by posted in Economics, History, Philosophy.
Opera-Vienna-Austria-2005 teaser

Reprinted from TheBestSchools.org Austrian economics, of course, is the school of thought which holds that the free market is basically self-regulating and that the government’s role should be limited to providing a reliable and predictable legal structure within which all

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Gandhi, a Libertarian Saint?

Friday, November 1st, 2013 by posted in History, Philosophy.
Gandhi_spinning teaser

Can the Jews resist this organised and shameless persecution? Is there a way to preserve their self-respect, and not to feel helpless, neglected and forlorn? I submit there is. No person who has faith in a living God need feel


40 Years Later: Mises’s Lasting Legacy

Tuesday, October 22nd, 2013 by posted in Economics, History.
MisesReading teaser

Reprinted from Mises.org Each year in early October, the world looks to Sweden and Norway, where the annual Nobel Prize winners are announced in the fields of literature, medicine-physiology, physics, chemistry, and peace-making. The great Swedish entrepreneur, Alfred Nobel did

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The Untold History of Canadian Confederation

Sunday, June 30th, 2013 by posted in Economics, History, Politics.

 “British businessmen played a crucial role in the achievement of Canadian Confederation. Without the support of a small but influential group of investors, Confederation would have not occurred in 1867, if at all.” [1] That is how Andrew Smith begins

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Orderly and Humane?

Wednesday, December 19th, 2012 by posted in History, Socialism, Trade.
World War 2 teaser

Reprinted from Peter Hichen’s Blog at U.K. Mail Online Some time ago I decided to write a book about the damaging and deluded cult of national victory which has done this country so much damage since 1945. No doubt it


Vindicated by History: Statism’s 19th Century Critics

Tuesday, December 18th, 2012 by posted in Education, History, Law.
19th century America teaser

Reprinted from the Cobden Centre What is the single most important fact about the 20th century? The answer must surely be that it was the century which saw the birth and spread of totalitarian socialism. That is not what most

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HuffPo’s 11 Myths About the Fed, Refuted

Wednesday, October 24th, 2012 by and posted in Economics, History, Regulation.
Federal Reserve symbol teaser

Reprinted from Liberty Classroom The other day the Huffington Post ran an article by a Bonnie Kavoussi called “11 Lies About the Federal Reserve.” And you’ll never guess: these aren’t lies or myths spread in the financial press by Fed

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