Biographies

Flynn gradually came around to a full-blown embrace of the free market as the only means to check the power of the government-business combine.

The vast majority of people who have learned anything about economics have relied on Bastiat or publications that were influenced by his work. This collection — possibly more than anything ever written about economics — is the antidote for economic illiteracy regarding such things as the inadvisability of tariffs and price controls, and everyone from the novice to the PhD economist will benefit from reading it.

I just had the pleasure of preparing a chapter from Flynn’s

Faced with this shattering blow, Baldy Harper never faltered; with unswerving and inspiring integrity, he determined to build the Institute for Humane Studies even without its promised endowment.

Indeed, the origins of economic theory itself can be traced to CantilIon. William Stanley Jevons, one of the cofounders of the marginalist revolution, and the economist who is generally credited with rediscovering Cantillon, called the Essai "a systematic and connected treatise, going over in a concise manner nearly the whole field of economics…. It is thus the first treatise on economics." He dubbed the work the "Cradle of Political Economy." Joseph Schumpeter, the great historian of economic thought and student of Eugen von Bohm-Bawerk, described the Essai as "the first systematic penetration of the field of economics." In his treatise on the history of economic thought, Murray N. Rothbard named Cantillon "the founding father of modern economics."

ANNE ROBERT JACQUES TURGOT'S career in economics was brief but brilliant, and in every way remarkable. In the first place, he died rather young, and second, the time and energy he devoted to economics was comparatively little. He was a busy man of affairs, born in Paris to a distinguished Norman family which had long served as important royal officials. Turgot's father, Michael-Etienne, was a Councillor of the Parliament of Paris, a master of requests, and top administrator of the city of Paris. His mother was the intellectual and aristocratic Dame Magdelaine-Francoise Martineau.

Gottfried Haberler was one of the first economists to make a case for the productivity of free trade in terms of the modern subjective theory of value.

The 1920s and 1930s were a glorious era in the history of the Austrian School of economics.

Margit and Ludwig von Mises were a magnificent team. Margit was unsurpassed in devotion to Mises the person in life and in perpetuating his memory and his ideas after his death.

Ludwig von Mises (29 Sept. 1881-10 Oct.