Property Rights and Whale Wars
Limiting the supply of whales only increases the price per unit of whale on the market. Fisherman who would normally seek other ocean inhabitants may actually be enticed to hunt whales, instead of fish, by the new, inflated price.
Austrian Economics on the Rise
[Libertarian Forum, October 1974]
During the week of June 15–22, 1974, the quaint and rustic Vermont village of South Royalton came alive in a way that it probably hasn’t since the Revolutionary War. Under the auspices of the Institute for Humane Studies, 50 professors and students from the United States, Australia, and England gathered for a conference on Austrian economics.
Progress and Poverty: How This Book Came to Be Written
Henry George became something of a socialist in the one area in which he was both incorrect and clearly obsessed. Even so, the rest of his writings are quite glorious from a libertarian point of view, particularly his book on free trade.
Ownership of Land
Currently in the United States, although we praise private ownership of the land as the bulwark of our system of land ownership, the taxes levied actually perpetuate a kind of collectivity in ownership.
The Independence of the Fed?
The Fed must be seen as controlled by the federal government, making it indivisibly part of the federal government. Here is the evidence.
The Market Against Race and Sex Discrimination
Libertarians with conservative backgrounds might grumble at this news: Responding to reports that diversity at big law firms is on the decline, a group of big corporations such as American Airlines, DuPont, and General Mills has just agreed to spend $30 million to hire minority- and women-owned law firms as outside counsel.
Find the Wrong, and There’s the Right
Take stock of what you would prohibit others from doing and you will accurately find your own position in the ideological lineup. The libertarian prohibits only that which impairs liberty.
Up with Destutt de Tracy
It is thrilling to see Sheldon Richman’s post about Destutt de Tracy here. Sheldon zeroes in on all the key points. This was Jefferson’s favorite economist. Tracy figured out exchange long before the Austrians. He was a true liberal in the old sense, a lover of commerce who understood the critical points about freedom. We have a wonderful edition of his book up.
Daniel Hannan: “Privatize the elephant”
(Hat-tip: David Kramer)
Daniel Hannan, addressing the European Parliament (emphasis added):
