Revisit the Textbook of the American Revolution

December 7 has “lived in infamy” since Pearl Harbor. But that date was already infamous before America was a country. In 1683, Algernon Sydney, who opposed Charles II for overstepping his powers, was executed for treason on that date, after a trial blatantly violating his rights (so blatantly that Parliament overturned his conviction in 1689). The key evidence was an unpublished manuscript arguing that the king was not above the law, which became Discourses Concerning Government 15 years later.

The Unintended Consequences of Internet Privacy Regulations

In a tale of questionable historical validity, the British colonial government in early twentieth-century India found itself confronting a fearsome pest: cobras. Though natives had long since adjusted to uneasy coexistence with the snakes, the occupying force did not take kindly to their ubiquitous presence. Seeking their eradication, authorities devised a bounty program to financially reward anyone presenting a severed cobra tail.

Carl Menger’s Grundsätze as a Foundtion for Contemporary Entrepreneurship Research

Abstract: This paper takes the subjective value theory, conception of economic goods, and the hierarchy of needs from Carl Menger’s Grundsätze der Volkswirtschaftslehre (1871) to elaborate a model of strategic entrepreneurship. Menger’s account of subjective valuation by buyers of goods in market exchange fills a gap in most conceptual approaches to entrepreneurship, which are based on a highly impermeable boundary around the entrepreneurial firm.

Randall Westgren (westgrenr@missouri.edu) is professor of applied economics and the McQuinn Chair in Entrepreneurial

“Newspeak” Is the Future

George Orwell pointed out that one of the first casualties of socialism is language. The damage is not collateral, it is deliberate—designed to numb minds and render critical thought difficult or impossible. The instrument of this dumbing down in Nineteen Eighty-Four was Newspeak, the official language of the English Socialist Party (Ingsoc). Newspeak was a sort of totalitarian Esperanto that sought gradually to diminish the range of what was thinkable by eliminating, contracting, and manufacturing words.