[From Power and Market, chapter 3 .] One of the favorite arguments for licensing laws and other types of quality standards is that governments must “protect” consumers by insuring that workers and businesses sell goods and services of the highest quality. The answer, of course, is that “quality” is a highly elastic and relative term and is decided
[This essay is chapter 9 of Egalitarianism as a Revolt against Nature, and Other Essays ] It should be no news by this time that intellectuals are fully as subject to the vagaries of fashion as are the hemlines of women’s skirts. Apparently, intellectuals tend to be victims of a herd mentality. Thus, when John Kenneth Galbraith published his
F. A. Hayek on Liberty and Tradition by John Gray Harold J. Laski: The Liberal Manaqué or Lost Libertarian? by Arthur A. Ekirch, Jr. A Rationale for Punishment by J. Charles King King on Punishment: A Comment by Murray N. Rothbard Stork Markets: An Analysis of “Baby-selling” by Lawrence A. Alexander and Lyla H. O’Driscoll Intelligence and
Boom and Bust: The Political Economy of Economic Disorder by Richard E. Wagner Libertarians and the Authoritarian Personality by J. J. Ray Specialization and the Division of Labor in the Social Thought of Plato and Rousseau by Williams M. Evers A Groundwork for Rights: Man’s Natural End by Douglas B. Rasmussen Natural Right in the Political
Once a State has been established, the problem of the ruling group or “caste” is how to maintain their rule. While force is their modus operandi , their basic and long-run problem is ideological. For in order to continue in office, any government (not simply a “democratic” government) must have the support of the majority of its subjects. This
[Chapter 1 of Rothbard’s newly edited and released Conceived in Liberty , vol. 5: The New Republic: 1784–1791 .] After peace came in 1783, the new republic faced a two-fold economic adjustment: to peacetime from the artificial production and trade patterns during the war, and to a far different trading picture than had existed before the war. The
[ From Man, Economy, and State . ] The basis on which we have been explaining the purchasing power of money and the changes in and consequences of monetary phenomena has been an analysis of individual action. The behavior of aggregates, such as the aggregate demand for money and aggregate supply, has been constructed out of their individual
[A selection from What Has Government Done to Our Money? ] Now we may ask: what is the supply of money in society and how is that supply used? In particular, we may raise the perennial question, how much money “do we need”? Must the money supply be regulated by some sort of “criterion,” or can it be left alone to the free market? First, the total
New York was the toughest nut for the Federalists to crack. For here was one state where not only was the population overwhelmingly opposed to the Constitution, but the opposition was also in firm and determined control of the state government and the state political machinery. Here was a powerful governor, George Clinton, who would not , like
Liberals will generally concede the right of every individual to his “personal liberty,” to his freedom to think, speak, write, and engage in such personal “exchanges” as sexual activity between “consenting adults.” In short, the liberal attempts to uphold the individual’s right to the ownership of his own body, but then denies his right to
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.
