Book Reviews

The neoconservatives are prime examples of what happens when the temptation to empire and hegemony, far from being resisted, is eagerly embraced by conservatives.

Milton Friedman’s commitment to statistical analysis led him vehemently to oppose the economics of Ludwig von Mises and Friedrich Hayek, whom he regarded as the purveyors of a priori, “unscientific” theorizing.

Mainstream economists believe that economic theory is valid when it “predicts” economic actions or trends. Austrian economists, however, say that the purpose of economic theory is to explain economic events.

Robert Kagan of the Brookings Institute clearly does not like anyone to challenge his pro-war beliefs. In his view, any opposition to the all-powerful American state is opposition to everything good and true.

Robert Nozick’s Anarchy, State and Utopia turns fifty this year, and this libertarian classic has stood the test of time.

Tom Woods has put his considerable skills to work exposing the dangers caused by the Federal Reserve System. George Ford Smith reviews his latest book that gives intellectual ammunition to his case.

Robert Nozick’s Anarchy, State and Utopia turns fifty this year, and this libertarian classic has stood the test of time.

George Ford Smith reviews Robert Murphy’s book Understanding Money Mechanics. Murphy, he writes, both explains money and why fiat money is such a dangerous thing in the hands of governments bent on grabbing power and abusing citizens.

Zachary Yost reviewed John Mearsheimer and Sebastian Rosato's recent book How States Think: The Rationality of Foreign Policy. While the book is an excellent source of historical reflection, there are grounds to criticize its epistemology on Misesian grounds. 

Two new books, The Lords of Easy Money and The Price of Time, while not specifically Austrian, present readers with financial scenarios that mesh well with the Austrian business cycle theory.