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[This article is excerpted from volume 2, chapter 10 of An Austrian Perspective on the History of Economic Thought (1995).   Another important reason for Marx’s failure to publish was his candid depiction of the communist society in the essay “Private Property and Communism.” In addition to its being philosophic and not economic, he portrayed a

One of Ludwig von Mises’s keenest insights was on the cumulative tendency of government intervention. The government, in its wisdom, perceives a problem (and Lord knows, there are always problems!). The government then intervenes to “solve” that problem. But lo and behold! instead of solving the initial problem, the intervention creates two or

[This article is excerpted from Conceived in Liberty , chapter 29, “Suppressing Heresy: Massachusetts Persecutes the Quakers.” An MP3 audio file of this article, narrated by Floy Lilley, is available for download .]   And still the indomitable Quakers kept coming. Among the most determined to bear witness was William Leddra. Again and again,

[This article is excerpted from Conceived in Liberty , chapter 34. An MP3 audio file of this chapter, narrated by Floy Lilley, is available for download .]   Attempts of the government to subsidize the beginning of fisheries also proved fruitless. During the 1630s, fish were either imported or came from Englishmen fishing off Newfoundland and the

[This article is excerpted from Conceived in Liberty , chapter 36.]   What, in all this time, was happening to Plymouth, the mother colony of all New England? Succinctly, it was rapidly and irretrievably declining. As we have seen, its fur trade had virtually disappeared by 1640. And for the next 20 years, only further decline ensued. By the

[ This article is excerpted from Conceived in Liberty , volume 1, chapter 37, “The Restoration Crisis in New England.” An MP3 audio file of this article, narrated by Floy Lilley, is available for download .] The Restoration of the Crown in May 1660 was a fateful event for New England. The destruction of the Puritan Revolution had ended, and the

[This article is excerpted from Conceived in Liberty , volume 1, chapter 37, “The Restoration Crisis in New England.” An MP3 audio file of this article, narrated by Floy Lilley, is available for download .]   The Massachusetts Bay Colony’s authorities, with their old self-governing charter, had good reason meanwhile to fear the onset of the

[This article is excerpted from Conceived in Liberty , volume 1, chapter 37, “The Restoration Crisis in New England.” An MP3 audio file of this article, narrated by Floy Lilley, is available for download .] One of the most far-reaching actions of the first years of the Restoration was a series of Navigation Acts, by which England imposed

[This article is excerpted from volume 2, chapter 10 of An Austrian Perspective on the History of Economic Thought (1995). An MP3 audio file of this chapter, narrated by Jeff Riggenbach, is available for download .]   Karl Marx had a crucial problem. He was not interested, as were the scorned “utopian” socialists, in merely exhorting everyone to

[This article is excerpted from Conceived in Liberty , volume 1, part 4, “The Rise and Fall of New Netherland.” An MP3 audio file of this article, narrated by Floy Lilley, is available for download .]   The British seizure of New Netherland — the vast if thinly settled Dutch territory in North America — wrought a permanent change in the pattern of