The Common Sense of Progress Part 1

Tuesday, February 17th, 2015 by posted in Economics, Philosophy, Politics.

Reprinted from TheConstitution of Liberty by F. A. Hayek via Freeman If today in the United States or western Europe the relatively poor can have a car or a refriger­ator, an airplane trip or a radio, at the cost of

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What Price a Planned Economy? Part 2

Monday, January 19th, 2015 by posted in Capitalism, Economics, Law.

Originally published in Contemporary Review of London, April 1938. Reprinted from IV But if democracy had to abdicate only from the control of economic life, this might still be regarded as a minor evil compared with the advantages expected from

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Leftists become incandescent when reminded of the socialist roots of Nazism

Wednesday, December 24th, 2014 by posted in Economics, History, Philosophy, Politics.

Reprinted from The Telegraph On 16 June 1941, as Hitler readied his forces for Operation Barbarossa, Josef Goebbels looked forward to the new order that the Nazis would impose on a conquered Russia. There would be no come-back, he wrote,


The Future of Liberalism

Friday, February 22nd, 2013 by posted in Philosophy, Politics.
NYC skyline teaser

[This article is excerpted from Liberalism, Chapter 4] Editor’s Note- This is the last chapter of Liberalism. If you have been keeping up with our reprinting of chapters, you have read the whole of the wonderful text! The Future of

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Liberalism as a Party

Friday, February 15th, 2013 by posted in Capitalism, Economics, Politics.
Parliament hill teaser

[This article is excerpted from Liberalism, Chapter 4] 5. Party Propaganda and Party Organization When liberal ideas began to spread to central and eastern Europe from their homeland in western Europe, the traditional powers?the monarchy, the nobility, and the clergy?trusting

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Parliamentarism, Special Interests, and Classical Liberalism

Friday, February 8th, 2013 by posted in Economics, Politics, Regulation.
Canada Parliament teaser

[This article is excerpted from Liberalism, Chapter 4] 3. The Crisis of Parliamentarism and the Idea of a Diet Representing Special Groups Parliamentarism, as it has slowly developed in England and in some of her colonies since the seventeenth century,

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How Liberals Can Win

Friday, January 25th, 2013 by posted in Capitalism, Economics, Education, Politics.
Anti-corn law league teaser

[This article is excerpted from Liberalism, Chapter 4] 1. The “Doctrinairism” of the Liberals Classical liberalism has been reproached with being too obstinate and not ready enough to compromise. It was because of its inflexibility that it was defeated in


Why Free Trade Matters

Friday, December 14th, 2012 by posted in Capitalism, Economics, Trade.
Boston Harbor teaser

[This article is excerpted from Liberalism, Chapter 3] 7. Free Trade The theoretical demonstration of the consequences of the protective tariff and of free trade is the keystone of classical economics. It is so clear, so obvious, so indisputable, that

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The Political Foundations of Peace

Friday, November 23rd, 2012 by posted in Capitalism, Economics, Law, Philosophy.
peace teaser

[This article is excerpted from Liberalism, Chapter 3] One would think that after the experience of the World War the realization of the necessity of perpetual peace would have become increasingly common. However, it is still not appreciated that everlasting

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The State and Anti-Social Behavior

Friday, October 5th, 2012 by posted in Capitalism, Law, Politics, Regulation, Socialism.
hands shaking teaser

[This article is excerpted from Liberalism, Chapter 1] 12. Tolerance Liberalism limits its concern entirely and exclusively to earthly life and earthly endeavor. The kingdom of religion, on the other hand, is not of this world. Thus, liberalism and religion

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Democracy and Force

Friday, September 28th, 2012 by posted in Politics, Regulation.
factory teaser

[This article is excerpted from Liberalism, Chapter 1] 9. Critique of the Doctrine of Force The champions of democracy in the eighteenth century argued that only monarchs and their ministers are morally depraved, injudicious, and evil. The people, however, are

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Liberalism and the State

Friday, September 21st, 2012 by posted in Economics, Environment, Regulation.
Ottawa teaser

[This article is excerpted from Liberalism, Chapter 1] 6. Private Property and Ethics In seeking to demonstrate the social function and necessity of private ownership of the means of production and of the concomitant inequality in the distribution of income

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The Theory of Liberalism

Friday, August 24th, 2012 by posted in Capitalism, Philosophy, Politics.
Mises teaser

[This article is excerpted from Liberalism, the introduction.] 1. Liberalism The philosophers, sociologists, and economists of the eighteenth and the early part of the nineteenth century formulated a political program that served as a guide to social policy first in

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Liberalism vs. Fascism

Thursday, January 19th, 2012 by posted in Capitalism, Foreign Policy, Philosophy, Politics.
Economics of Fascism

Fascism differs from its close cousins, Communism and aristocratic conservatism, in several important ways. To understand these differences is to see how classical liberalism offers a completely different view of social and economic organization, a perspective that departs radically from

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What is Laissez-Faire?

Monday, December 19th, 2011 by posted in Capitalism, Civil Liberties, Economics, History, Politics, Regulation, Socialism.
The Market

[Originally posted at The Daily Reckoning, Sunday, December 18th, 2011] The latest data show that book sales are way up this season. So much for the prediction that books will be killed by technology. On the contrary, technology has enabled

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Left and Right: The Prospects for Liberty

Tuesday, December 6th, 2011 by posted in Capitalism, Economics, Education, History, Politics, Socialism.

[Originally appeared in Left and Right, Spring 1965, pp. 4-22.] The Conservative has long been marked, whether he knows it or not, by long-run pessimism: by the belief that the long-run trend, and therefore Time itself, is against him, and hence

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Mises: Defender of Freedom

Wednesday, April 13th, 2011 by posted in Capitalism, Education, History.

Today, September 29, 2006 is the one-hundred-and-twenty-fifth anniversary of the birth of Ludwig von Mises, economist and social philosopher, who passed away in 1973. Mises was my teacher and mentor and the source or inspiration for most of what I