Radical Austrianism, Radical Libertarianism

1. Free Trade

Free MarketsPolitical Theory

07/28/2005Audio/Video
Free trade is "I give you something; you give me something in return". Trade rights are part of property rights. Nosick calls trade a capitalist act between consenting adults. If you trade, you won't fight. It becomes harder to have wars. Trade benefits all parties...

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10. Reparations

World History

07/30/2005Audio/Video
Libertarian punishment theory is two teeth for a tooth plus cost of capturing plus scaring if appropriate. It is part of reparations. It is necessary to find the rightful owner of property even if many generations have passed. But, the burden of proof of ownership gets harder.

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2. Introduction to Libertarianism I

Philosophy and MethodologyPolitical Theory

07/28/2005Audio/Video
Block says he was a pinko commie type at 22 who believed that laissez-faire capitalism would result in mass starvation. Then, he met Ayn Rand and read Atlas Shrugged and Economics in One Lesson. Block says libertarianism is the non-aggression principle. Keep your mitts to yourself.

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3. Minimum Wage

Money and BanksInterventionismProduction Theory

07/28/2005Audio/Video
Minimum wage laws are not only counterproductive, but they make situations worse. All voluntary mutual trade benefits all. Minimum wages and union legislation make it difficult if not impossible for poor youth to get jobs.

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4. Introduction to Libertarianism II

Philosophy and MethodologyPolitical Theory

07/28/2005Audio/Video
Block continues to parse all of the cases of libertarianism found in his book, Defending the Undefendable. Privatization solves the tragedy of the commons scenarios. Rent control resulted in nobody building residential units.

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5. Environmentalism

The EnvironmentPolitical Theory

07/28/2005Audio/Video
Environmentalism sees market failure as the cause of environmental problems. Block sees the absence of private property rights and the interference of government as the causes of problems. Libertarianism provides solutions. Man is not a cancer on the planet. Markets have not failed.

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6. Ronald Coase: A Libertarian Critique

Philosophy and MethodologyPolitical Theory

07/28/2005Audio/Video
There are many enemies of a free society. Some, like Ronald Coase, call themselves libertarians or free enterprisers. Block’s main critique of Coase is that Ronald Coase denies any private property rights. Coase deals with externalities through taxes only, but not with property rights at all...

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7. A Statistical Calculation of Economic Freedom

Free MarketsCalculation and Knowledge

07/28/2005Audio/Video
Block, Gwartney and Lawson at Frazier Institute of Canada created an annual index of Economic Freedom of the World. It has been more widely used than any other reports. 102 countries were ranked according to factors like life expectancies or income equality.

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8. Abortion

Health

07/29/2005Audio/Video
Libertarians do not favor abortion (pro-choice). Nor are they opposed to it either (pro-life). Rather, libertarianism offers a philosophical compromise, evictionism. When does life begin? A fertilized egg seems the likely beginning.

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9. Monopoly and Anti-Trust, Monopsony

Money and BankingMonopoly and CompetitionProduction Theory

07/29/2005Audio/Video
The Austrians view is that monopoly came about as privilege, usually granted by royalty, given to a particular person or industry. This process is arbitrary and capricious. Free entry is required in capitalism. There cannot be restrictions on entry, as with doctors. Price, quantity, profit, and...

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