Through it all, the libertarian theme was the same: liberty for everyone, legal privileges for no one. This is the essence of a free market, but even today it is a message that no faction within the apparatus of the ruling class wants to hear. No matter how divided the factions are among themselves, they form a united front against the libertarian idea, which is the one thing they find most intolerable.
The idea that political freedom can be preserved in the absence of economic freedom, and vice versa, is an illusion. Political freedom is the corollary of economic freedom. It is no accident that the age of capitalism became also the age of government by the people.
We should never tire in our mission to point out that there is an alternative to the Politically Correct Left and the Militarized Right: that there is freedom itself, the genuine article, and a tradition of thought in defense of freedom unmatched by any other in its rigor and dedication.
Once again, we are back to trusting the government to protect us, even at a time when property owners are begging for the right to provide their own protection.
For many years, freedom and liberty have been in great peril in the United States. A speech by George Reisman
Neoclassical economists are apt to define away individual differences by packing them into a homogeneous category called "tastes." But this quarantines what economists should be studying.
The teachings of Carl Menger and Ludwig von Mises offer the answer to those who say we should dismantle civilization to meet the supposed needs of nature. A very powerful speech by George Reisman.
Israel Kirzner's new book on Mises is a welcome addition to any economics library, writes Joseph Stromberg. It is remarkable how much the author accomplishes in this short work.
In a free market, it is wholly unwarranted. Brad Edmonds considers three cases.
Despite the many illustrious forerunners in its six-hundred year prehistory, Carl Menger (1840-1921) was the true and sole founder of the Austrian school of economics proper. He merits this title if for no other reason than that he created the system of value and price theory that constitutes the core of Austrian economic theory. But Menger did more than this: he also originated and consistently applied the correct, praxeological method for pursuing theoretical research in economics. Thus in its method and core theory, Austrian economics always was and will forever remain Mengerian economics.
