Reciprocal Exchange as the Basis for Recognition Of Law: Examples from American History

The literature of American legal history is primarily a history of federal and state governments, creating the false impression that these governments have produced and enforced all relevant law. Indeed, there seems to be a widely held belief that law and order could not exist in a society without the organized authoritarian institutions of the state.

Austrian Perspective on Some Leading Jacksonian Monetary Theorists

The purpose of this paper is to discuss the monetary philosophies of some of the leading Jacksonian economic theorists, as revealed during their opposition to the Second Bank of the United States. The analysis will be conducted from an Austrian school monetary framework, because its proponents have developed the theory of money to the fullest extent and have done the most to show the destructive effects of central and fractional-reserve banking. In addition, the importance of the Jacksonian victory will be put into historical perspective.

Volume 10, Number 1 (1991)

The Sovereign State at Bay

Among serious readers of his work, Carl Schmitt (1888-1985) is known as an analyst of the European sovereign state. From the 1920s on he wrote extensively on this entity, examining the historical context that gave rise to it and the legal arrangements it incorporated. He viewed the sovereign state as a legacy threatened by the emergence of new historical configurations.

Rashid on Adam Smith: In Need of Proof

Salim Rashid (1990) purports to have established some facts about Adam Smith’s scholarship, significant among which are (a) Smith’s plagiarism, (b) the poor quality of Smith’s arguments or ideas compared with those of his predecessors or contemporaries, and (c) Smith’s inconsistent arguments regarding laissez faire. Alas, Rashid’s case is faulty, as well as often misleading and vexatious.