Much as one may admire the clear-sightedness of Greco-Roman political philosophy and especially Aristotle, one should not shy away from fundamental criticism. It has had a pervasive and toxic influence on the history of political thought.
Most economists are of the view that a growing economy requires a growing money stock, because economic growth gives rise to a greater demand for money, which must be accommodated.
Failing to do so, it is maintained, will lead to a decline in the prices of goods and services, which in turn will destabilize the economy and lead to an economic recession or, even worse, depression.
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The Census Bureau has long known more about my family history than my family does. For instance, it was through old census forms that I discovered my grandmother changed her name from “Paula” to “Pauline” at some time after 1930. This was news even to her children. The 1930 census form also reported her place of birth — Mexico — and her native language — Spanish. Her occupation is listed as “cashier.”
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100 years ago, Ludwig von Mises literally wrote the book on socialism. But 25 years later, in 1946, Henry Hazlitt wrote the primer.
Economics in One Lesson remains a classic. It may be the most important book about economics ever written for laymen. It’s a perennial best seller in our bookstore. And it’s the first economics book we recommend to anyone, young or old.
Everybody knows that college admissions aren’t made only on academic merit and haven’t been for a long time. If you want your son or daughter to be admitted to college and you have enough money, all you have to do is donate a lot of money to the university and your child will have no trouble getting in.
Libertarianism. By Eric Mack. Polity Press, 2018. Vi + 167 pages. + online bonus chapter http://politybooks.com/wp-content/uploads/2018/07/Mack-Libertarian-FINAL-Online-Chapter-pdf.pdf
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There is a certain tension in the phrase, “social democracy,” and the description of someone as a social democrat. Social in this context is socialism by the state. A democrat supports the freedom for individual electors to express and defend personal interests in regular plebiscites. The two positions are incompatible.
