Essays in Political Economy

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Hermeneutics Versus Austrian Economics

Philosophy and Methodology

04/09/2015Essays in Political Economy
The term hermeneutics in this piece refers to the study of interpretation—of texts first of all and by extension of human action...

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Roots of the Social Security Myth

Big GovernmentTaxes and Spending

05/28/2009Essays in Political Economy
This is a concise critical history of the federal program of Old-Age, Survivors and Disability Insurance ( OASDI ), popularly known as Social Security .

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Death Taxes: Theory, History, and Ethics

Taxes and SpendingInterventionism

07/20/2005Essays in Political Economy
When the state intervenes in family inheritance process, it increases its coffers at the expense of the smooth operation of family, society, and economy.
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The Spectrum Should be Private: The Economics, History, and Future of Wireless Technology

Legal SystemU.S. HistoryPrivate Property

12/15/2004Essays in Political Economy
How much of the spectrum should be privatized? All of it, writes B.K. Marcus. Even the vast "beachfront property" held by the military? Yes, all of it...

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DiLorenzo and His Critics on the Lincoln Myth

Media and CultureU.S. HistoryWar and Foreign PolicyPolitical Theory

04/15/2003Essays in Political Economy
Can a few courageous writers like Tom DiLorenzo and his colleagues, using logic, evidence, and moral suasion, negate what their opponents thought they had won with over a million troops on battlefields 138 years ago?

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The Revolution of 1935: The Secret History of Social Security

Big GovernmentTaxes and SpendingInterventionism

07/10/2002Essays in Political Economy
Social Security was designed as a tool of macroeconomic policy: a social arm of central planning passed in age of boundless faith in the power of the state.

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A Century of War

War and Foreign PolicyWorld History

04/24/2002Essays in Political Economy
The most accurate description of the twentieth century is "The War and Welfare Century." This century was the bloodiest in all history. More than 170 million people were killed by governments with ten million being killed in World War I and fifty million killed in World War II...

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The Private Production of Defense

Free MarketsPrivate Property

06/15/1999Essays in Political Economy
Among the most popular and consequential beliefs of our age is the belief in collective security. Nothing less significant than the legitimacy of the modern state rests on this belief. And yet, the idea of a collective security is a myth that provides no justification for the modern state.

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The Cultural Background of Ludwig von Mises

BiographiesWar and Foreign PolicyWorld HistoryHistory of the Austrian School of Economics

04/05/1997Essays in Political Economy
Writing about the cultural background of Ludwig von Mises, an eminent former compatriot of mine, poses some difficulties: how to present you with a world radically different from yours, a world far away, which in many ways no longer exists.

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B.K. Marcus

PROFILE

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RECENT POSTS

The Spectrum Should be Private: The Economics, History, and Future of Wireless Technology

How much of the spectrum should be privatized? All of it, writes B.K. Marcus. Even the vast "beachfront...

The Evolution of an Anti-Anti-Communist

While his claim of ideological steadfastness on his "basic political views" may have been correct,...