Capitalism: The Story Behind the Word
Michael Sonenscher
Princeton, N.J.: Princeton University Press, 2022; 248 pp.
Chris Calton (calton@ufl.edu) is a PhD student in history at the University of Florida.
President Trump’s recent executive order forbidding burning the U.S. flag is in direct opposition to the property rights issue that Murray Rothbard took on the same subject.
In previous columns, we have criticized President Trump for abandoning our traditional foreign policy of non-interventionism, despite his campaign promises to reduce our commitments abroad. In this week’s column, I’d like to address another mistake Trump has made and continues to make. The mistake is not original to him but begins with Woodrow Wilson. This is the idea that wars can be settled by public meetings of the heads of state; in Trump’s language, he is trying to “broker a deal” between the contending parties.
Since being re-elected, the Trump administration has been establishing new measures to strengthen the US economic blockade against Cuba. According to Secretary of State, Marco Rubio, this is being done “to stand for the human rights and fundamental freedoms of the people of Cuba, and make clear no illegitimate, dictatorial regimes are welcome” in the US.
The Economists’ Hour: False Prophets, Free Markets, and the Fracture of Society
Binyamin Appelbaum
New York: Little, Brown and Company, 2019; 439 pp.
David Gordon (dgordon@mises.org) is a senior fellow at the Mises Institute.
Theoria Generalis: Das Wesen des Politischen
Ulrich Hintze
Bad Schussenried: Gerhard Hess Verlag, 2018; 599 pp.
Paul Gottfried (gottfrpe@etown.edu) is former Horace Raffensperger Professor of Humanities at Elizabethtown College.
Banking and Monetary Policy from the Perspective of Austrian Economics
edited by Annette Godart-van der Kroon and Patrik Vonlanthen
Cham, Switzerland: Springer, 2018; 280 pp.
Joseph T. Salerno (salerno@mises.org) is professor of economics at the Lubin School of Business at Pace University.
The Gold Standard: Retrospect and Prospect
edited by Peter C. Earle and William J. Luther
Great Barrington, Mass.: American Institute for Economic Research, 2021; 342 pp.
Robert P. Murphy (bobmurphy@mises.com) is a senior fellow with the Mises Institute.
The Gold Standard: Retrospect and Prospect
edited by Peter C. Earle and William J. Luther
Great Barrington, Mass.: American Institute for Economic Research, 2021; 342 pp.
Patrick Newman (patrick.newm1@gmail.com) is assistant professor of economics at Florida Southern College and a fellow of its Center for Free Enterprise. He is also a fellow of the Mises Institute.
History does not always conform to what the dominant scholarly theories of court historians may lead us to expect. In his essay “The Task of the Modern Historian,” Thomas Babington Macaulay observes that historians may formulate valid theories of what they would logically expect to have happened in a particular era, but unfortunately their theories soon displace any interest in the truth about what did in fact happen.
