Reflections on the Pure Theory of Money of Mr. J.M. Keynes
Hayek relentlessly scrutinizes and exposes the weak and patchwork structure of Keynes's theoretical arguments and then dismantles it brick by brick, leaving nothing standing.
Hayek relentlessly scrutinizes and exposes the weak and patchwork structure of Keynes's theoretical arguments and then dismantles it brick by brick, leaving nothing standing.
He is the man who wants alcoholic liquors for any honest purpose whatsoever, who would use his liberty without abusing it, who would occasion no public question, and trouble nobody at all.
What is the proper sphere of law, property rights, and the state?
The Left has long used literature as a way of pushing opposition to "the bourgeoisie"—or its modern variants such as "the patriarchy."
The core concepts of contemporary Austrian economics—human action, means and ends, subjective value, marginal analysis, methodological individualism—all flow from Menger's pathbreaking work.
Churchill was from first to last a Man of the State, of the welfare state and of the warfare state. Churchill never had a principle he did not in the end betray.
If we wish to gain insight into the essence of nationality, we must proceed not from the nation but from the individual. What is the national aspect of the individual person and what determines his belonging to a nation?
"If you give the State power to do something for you, you give it an exact equivalent of power to do something to you."
It is a common idea that an increased quantity of money in an economy decreases the rate of interest. This idea is not always true or accurate.
The fascist form of interventionism in America was built on the rump of state corporatism that emerged during the Progressive Era and the experience of state planning during the First World War.