In an Ideal America
Every person should be free to pursue his ambition to the full extent of his abilities, regardless of race or creed or family background and to associate with whom he pleases for any reason he pleases.
Carl Menger’s Theory of the Origin of Money
Carl Menger has not only provided an irrefutable praxeological theory of the origin of money. He has also recognized the import of his theory for the elucidation of fundamental principles of praxeology and its methods of research.1
Horwitz on Woods
Check out this wonderful review of Woods’s Meltdown:
Areopagitica: Milton’s Influence on Classical and Modern Political and Economic Thought
Why ObamaCare Will Fail: A Reading List
The Drugs of John Gray
Capitalism versus Statism
[This article was originally published in Outside Looking In: Critiques of American Policies and Institutions, Left and Right. New York: Harper and Row, 1972, pp. 60-74. Reprinted in The Logic of Action Two: Applications and Criticism from the Austrian School. Glos, UK: Edward Elgar Publishing Ltd., 1997, pp. 185-199.]
The Afghan Disaster
In the private sector, there is always a test of success. The business must make a profit. It can sustain some losses, but the clock is always running on those. At some point, after all cuts have been made and costs are trimmed to a minimum, the business has to close shop. The summer of losses must become the autumn of profits, or else it’s all over.
Demand for Money and Supply of Money
[This article is excerpted from Human Action chapter XVII, “Indirect Exchange.” An MP3 audio file of this article, read by Jeff Riggenbach, is available for download.]