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[ Libertarian Analysis 1, no. 1. (Winter 1970): 14–28] Libertarians tend to fall into two opposing errors on the American past: the familiar “Golden Age” view of the right-wing that everything was blissful in America until some moment of precipitous decline (often dated 1933); and the deeply pessimistic minority view that rejects the American past

As the subtitle declares, this work is an overall history of economic thought from a frankly “Austrian” standpoint: that is, from the point of view of an adherent of the “Austrian School” of economics. This is the only such work by a modern Austrian; indeed, only a few monographs in specialized areas of the history of thought have been published

1.0 Introduction 1.1 The Natural Law 1.2 The Politics of the Polis 1.3 The First “Economist”: Hesiod and the Problem of Scarcity 1.4 The Pre-Socratics 1.5 Plato’s Right-wing Collectivist Utopia 1.6 Xenophon on Household Management 1.7 Aristotle: Private Property and Money 1.8 Aristotle: Exchange and Value 1.9 The Collapse After Aristotle 1.10

Historians have long debated the precise causes of the American Revolution: Were they constitutional, economic, political, or ideological? We now realize that, being libertarians, the revolutionaries saw no conflict between moral and political rights on the one hand and economic freedom on the other. On the contrary, they perceived civil and moral

Was Keynes, as Hayek maintained, a “brilliant scholar”? “Scholar” hardly, since Keynes was abysmally read in the economics literature: he was more of a buccaneer, taking a little bit of knowledge and using it to inflict his personality and fallacious ideas upon the world, with a drive continually fueled by an arrogance bordering on egomania. But

Gresham’s Law Government imposes price controls largely in order to divert public attention from governmental inflation to the alleged evils of the free market. As we have seen, “Gresham’s Law”—that an artificially overvalued money tends to drive an artificially undervalued money out of circulation—is an example of the general consequences of

Title & Author Cumulative Index

In our proper condemnation of scientism in the study of man, we should not make the mistake of dismissing science as well. For if we do so, we credit scientism too highly and accept at face value its claim to be the one and only scientific method. If scientism is, as we believe it to be, an improper method, then it cannot be truly scientific.

What national boundaries can be considered as just? In the first place, it must be recognized that there are no just national boundaries per se; that real justice can only be founded on the property rights of individuals. If fifty people decided voluntarily to set up an organization for common services or self-defense of their persons and

In the course of his interesting discussion of “The Politics of Political Economists,” Professor Stigler challenges the alleged view of Professor Mises that “economic statistics, or more generally quantitative economics — generates a radical political viewpoint.”   Stigler asserts that the empirical student acquires a “real feeling” for the