Carl Menger: Pioneer of “Empirical Theory”
Menger's was an analytical method that began with the smallest empirical phenomena and proceeded logically from there. He called this the "empirical method."
Menger's was an analytical method that began with the smallest empirical phenomena and proceeded logically from there. He called this the "empirical method."
The French Revolution is a large and complex event worthy of a Gibbon, but it may not have happened at all if the French monarchy had balanced its budget.
Rothbard shows that the failures of government are no accident but rather stem from the very nature of the means.
Frédéric Bastiat reminds us of the dangers to all sides of using military force as a means of securing resources or to bring freedom to foreign peoples.
Robert Taft fought military conscription in 1946, stating, "If adopted, it will color our whole future. We shall have fought to abolish totalitarianism in the world, only to set it up in the United States."
On Keynes's book has been founded a new economic church, completely furnished with all the properties proper to a church, such as a revelation of its own, a rigid doctrine, a symbolic language, a propaganda, a priestcraft, and a demonology.
How the American Right evolved from Nockian radical libertarians into a movement that openly declared, "God bless the establishment."
The market economy as a field of liberty, spontaneity, and free coordination cannot thrive in a social system that is the very opposite.
Fascism cartelizes the private sector and denies fundamental rights and liberties to individuals. This describes mainstream politics.
In the 1950s, young libertarians coming into the ranks were increasingly infected with the Cold War mentality. They were converted to militarism instead of laissez-faire.