Do weak governments around the globe merit assistance? The premise of When States Fail: Causes and Consequences is that without strong government, society devolves into chaos.
Hayek points to the works of Bernard Mandeville, David Hume, and Adam Smith as the primary origins of his social theory of spontaneous order.
Foronda is remembered for his contributions and as one of the first to popularize the new economic ideas in Spain.
Many economists argue that a pure market economy cannot come about because people will always have incentives to use coercion.
Mr. Sirower has done a great service in pointing out the anomaly concerning large-company mergers. He has provided good evidence for the Austrian theory that antitrust policy is harmful to the competitive process and stand of living in society.
In the context of legal analysis, one important praxeological doctrine is the distinction between action and mere behavior. The difference between action and behavior boils down to intent.
As I see matters, private-property rights are of crucial importance to civilization. They are what distinguishes us from the barbarians. To the extent we give in to the enemies of property rights, we reduce ourselves.
When studying the origins of the Austrian School, one is often struck by the influence played by Catholic thinkers and culture during the centuries leading up to the publication of Menger’s Principles.
One can appreciate Anarchy, State and Utopia by Robert Nozick on many levels.
Like the United States, Australia has a libertarian political party.
