[Excerpted from The Anti-Capitalistic Mentality (1954).]
A superficial observer of present-day ideologies could easily fail to recognize the prevailing bigotry of the molders of public opinion and the machinations that render inaudible the voice of dissenters.
Brief and all too limited as the supremacy of liberal ideas was, it sufficed to change the face of the earth.
Benjamin Powell works as an Assistant Professor of Economics at Suffolk University and is senior economist with the Beacon Hill Institute.
What do you like to do in your free time? Do you have any hobbies?
I’m into mountaineering and have climbed mountains all over the United States but also in Central America, Europe, Africa, and Asia. I’m also very into wine. I’ve tasted in California, Oregon, Italy, Austria, and Australia and am working on building a nice wine cellar. I love sports, both participating and watching.
[Excerpted from An Austrian Perspective on the History of Economic Thought, vol. 1, Economic Thought Before Adam Smith (1995). An MP3 audio file of this article, read by Jeff Riggenbach, is available for download.]
[Excerpted from An Austrian Perspective on the History of Economic Thought, vol. 1, Economic Thought Before Adam Smith (1995). An MP3 audio file of this article, read by Jeff Riggenbach, is available for download.]
It is theoretically conceivable but scarcely likely that the ruling class will rush to embrace a philosophy and a political economy that will end their power and put them, in effect, out of business.
It was the physiocrats who broke with centuries of sound economic reasoning and contributed to what would become, in the hands of Smith and Ricardo, a reactionary and obscurantist destruction of the correct analysis of value.
In the U.S., an almost unsurmountable gulf separates “society” from the intellectuals.
The entrepreneurs and capitalists owe their wealth to the people who patronize their businesses.
