Entrepreneurship

The connotation of unreality that the word has acquired follows from the fact that every utopia ignores the central operating lever of man: he seeks to satisfy his desires with the least expenditure of effort.

What are the results of the patent system itself? The results are distorted research, protectionism, wealth transfers, and enrichment of the patent bar. Large companies, such as IBM, amass giant patent portfolios.

Murray Rothbard, in his life, was known as Mr. Libertarian. We can make a solid case that the title now belongs to Walter Block, a student of Rothbard's whose own vita is as thick as a phone book, as diverse as Wikipedia.

The Mises Wiki provides an exciting outlet for young Austrian scholarship. A wiki encyclopedia can grow beyond what it was originally intended to be, its growth limited only by the vision of its community. The future is here, and you are invited to take part in its unfolding.

Principles of Politics was written in the immediate aftermath of Napoleon's rule over France and much of Europe. It is a defense of all forms of freedom against despotism. Constant considered natural rights to be the best foundation for liberty.

The key to avoiding "busts" is to avoid the credit expansion and "booms" that cause them. Booms are not periods of prosperity but of the squandering of wealth. The longer they last, the worse is the devastation that follows.

Other elementary texts will continue to be effective in conveying economic basics, but  Peter Schiff and his brother, Andrew Schiff, have a story to tell, an extension of a tale first developed by their father, Irwin Schiff. There's nothing quite like a story to get people turning the pages.

Libertarians have given considerable thought to refining their basic principles and their vision of a libertarian society. But they have given virtually no thought to a vitally important question, that of strategy.

Tucker closes this compendium with a number of reviews of books and movies. The depth of his comprehension is sometimes astounding; he can remember more from watching a movie once than many can from watching it ten times, and his book summaries are so excellent that he might want to watch out for the IP police.

John T. Flynn was, if not the very first, then one of the very first few, of the revisionist journalists to write about the New Deal, focusing on both its domestic and its foreign policies. He is the beginning of historical revisionism where the New Deal is concerned.