Errors are an inevitable part of human action, writes Gene Callahan. If the future were certain, we would not need to act. Yet many economic models assume all economic actors possess perfect information, all plans are coordinated, and all adjustments to new data are made instantly and without cost.
Libertarianism favors the political ideals set forth in the early republic, writes Adam Young: an order of peace, free trade and individual self-government, where the state was restricted in its interference in the life of the churches, and the state was largely irrelevant to the economy and to the daily lives of the average American citizen.
In this excerpt from his new book, Gene Callahan explains that economics does not attempt to decide whether our choice of ends to pursue is wise. It does not tell us that we are wrong if we value a certain amount of leisure more than some amount of money. It does not view humans as being only worried about monetary gain. There is nothing "noneconomical" about someone giving away a fortune, or turning down a high-paying job to become a monk.
Pat Buchanan’s remarkable book expresses a distinctively nationalist thesis; and, as a conscientious reviewer in good standing, I shall of course say something about it.
Mark Twain wrote long ago, but he seems at least as insightful about the government abuses we experience today as he was of those he observed directly. And the defense of liberty in modern America, with a government that has ballooned far beyond anything he could have anticipated, would certainly benefit from a healthy new dose of the same patriotic irreverence that animated Twain.
To make a transition from statism to the market economy means a complete revolution in economic and political life, writes Lew Rockwell, from one where the state and its interests rule to a system where the power of the state plays no role. Freedom is not a public-policy option. It is the end of public policy itself.
In a recent article, New York Times writer Paul Krugman puts out a clever analysis of state demographics. He alleges that the pro-Bush states have more crime, divorce, single moms and net-tax eaters than the pro-Gore states. Krugman's analytic knife, however, doesn’t cut deeply enough to get to the truth of the matter.
Pity the businessman who hires someone just out of school! Most graduating seniors have lived a lush life in college, after living a lazy life in high school, and a goof-off life before that.
Many consider Walt Whitman America's greatest poet, and his Leaves of Grass the most influential poetry volume in American literature. But Whitman's poetic celebration of individual freedom is not limited to his poetry. It is also reflected in the all-but-overlooked prose he penned during his extensive career as a journalist and editor.
Richard Ebeling writes: The rejection of totalitarian and authoritarian regimes around the world has represented a rebirth of the ideal of the democratic order. It is important to remember, however, that "self-government" can mean and has meant two different, but complementary ideals.
