Private Property

From the audio version of Against Intellectual Property. Narrated by Jock Coats.

But if a little time is spent on this formula of the five costs of production, it is simple to establish that there is no such thing as "surplus value," and that the "labor theory of value" is an oversimplification.

Presented by Rothbard at New York Polytechnic University in 1972.

A libertarian approach to adoption, as Murray Rothbard laid out in his Ethics of Liberty, would solve the Haitian crisis in a swift and orderly manner.

In a free market of justice, police making many errors would thus quickly be eliminated by bankruptcy.

Once one realizes where the state fails, one can only conclude that the best course of political action is to reduce the size of the state or even do away with it altogether.

An "anarchic" private law society — is the answer to monarchy and democracy.

Socialism means dictatorship, necessarily survives as dictatorship, and no centrally produced accounting ratios will change that fact. As such, competition is literally impossible under socialism, and this cannot be changed by the introduction of centrally administered accounting ratios.

What Hazlitt is saying is this: "If we want to keep our free political system, here are the economic principles to which we must return."

That a functioning market presupposes not only prevention of violence and fraud but the protection of certain rights, such as property, and the enforcement of contracts, is always taken for granted.