[An earlier version of this article was published in the Freeman, September 1995. It was adapted from a longer essay in the Journal of Libertarian Studies.]
Libertarians and classical liberals have long sought to explain what sorts of laws we should have in a free society. But we have often neglected the study of what sort of legal system is appropriate for developing a proper body of law.
I was listening to the Mises Podcast and came across Rothbard’s wonderful 1972 lecture Scarcity and Choice. Around 34:09 to about 38:00 he discusses why specialization and the division of labor is useful, indeed essential, for civilization and human life and prosperity.
[This article is excerpted from chapter 17 of Human Action: The Scholar’s Edition and is read by Jeff Riggenbach.]
Letter in the WSJ today:
Our Shortage of Jobs Isn’t From a Lack of Spending
On August 3, 1996 Josef Salerno has argued the Austrian Business Cycle Theory is in many ways the quintessence of Austrian Economics, as it integrates so many ideas that are unique to the School such as capital-structure, monetary theory, economic calculation and entrepreneurship. As such, it would be impossible to adequately explain the Theory in a short note.
[Introduction to The Politics of Obedience: The Discourse of Voluntary Servitude by Étienne de La Boétie, written 1552–53.]
[Part I of The Politics of Obedience: The Discourse of Voluntary Servitude by Étienne de La Boétie, written 1552–53.]
I see no good in having several lords:
Let one alone be master, let one alone be king.
