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Never Ask The End

BooksMarch 6, 2010
Paterson's 1933 fictional account of Marta Brown and Pauline Gardiner—two American women in Paris...

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Blame It on the Rain

Mises DailyFebruary 14, 2002
The City of New York monopolizes the distribution of water, and as such the supply is always in jeopardy. Rather than study the details of the city's recently adopted Drought Management Plan , New York residents would be wiser to pray for rain.

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The Economics of Prohibition

BooksJuly 20, 2005
It is conventional wisdom that alcohol prohibition failed, but the economic reasons for this failure have never been as extensively detailed or analyzed as they are in this study by Mark Thornton.

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Secrets About Money That Put You at Risk

BooksFebruary 1, 2010
The Basic Things About Money and Wealth You Must Know And Probably Do Not Why is Money… (a) the thing that most of us worry about the most, and (b) the thing that you understand and were educated in school about the least? Why do otherwise educated people tragically say: "I really do...

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The Moral Case for the Free Market Economy

BooksJuly 6, 2006
Tibor Machan makes the case for the free market system of economics based on the view of human beings as moral agents with the legal system of a good community as designed to nurture this moral agency.

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The New Despotism

BooksMarch 16, 2010
When the modern political community was being shaped at the end of the 18th century, its founders thought that the consequences of republican or representative institutions in government would be the reduction of political power in individual lives.

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Toward a Libertarian Society

BooksJune 6, 2014
Walter Block has for decades been one of the most effective and indefatigable defenders of libertarianism. One feature in his writing stands out, from his classic Defending the Undefendable to the present. He consistently applies the principles of libertarianism to every situation in a bold and...

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The Return to Laisser Faire

BooksJune 5, 2009
Government means, or should mean, the right ordering of all. Modern government has degenerated into tinkering with the wants or rights or liberties of classes or sections or groups, and it is rare, in these days, to hear a political discussion which takes adequate account of the interests of the...

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How to Keep Our Liberty

BooksJuly 17, 2009
"Individualities may form communities, but it is institutions alone that can create a nation." This was a comment by Benjamin Disraeli a century ago when he was beginning the task of building the Conservative Party, a party that still lives a lusty, constructive life...

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A Tiger by the Tail

BooksApril 21, 2009
Thanks to Economist Sudha Shenoy, here is the book on Keynesian economics that Hayek never wrote.

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Awake For Freedom's Sake

BooksJanuary 11, 2013
Progression or advancement never graces anyone who succumbs to the notion that he has arrived—“has it made,” as we say...

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The Transformation of the American Economy, 1865-1914

BooksAugust 19, 2011
The Gilded Age — lasting from 1865 to World War I — was an era of economic growth never before seen in the history of the world. Robert Higgs explains why...

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Elements of Libertarian Leadership

BooksMarch 15, 2009
Life lived according to right principles can never be more than sporadic except as the ideal is sought for, held up, and used as a guide.

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Biography of Ludwig Lachmann (1906-1990): Life and Work

BooksAugust 1, 2007
Ludwig Lachmann was a very unusual man. If you ever met him you would never forget him. He left a lasting impression. He was unfailingly gracious and considerate, a man of impeccable integrity and of awe inspiring learning, an old world European gentleman. I knew him only for a small part of his...

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The De Moneta of Nicholas Oresme and English Mint Documents

BooksFebruary 14, 2009
Nicole Oresme has been called the most brilliant scientist of the 14th century: mathematician, musicologist, physicist, philosopher, and economist. On top of that, he was a Bishop and a theologian. His writings of money bear much in common with Carl Menger. Oresme's treatise on money, De Moneta...

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The Case for Capitalism

BooksAugust 25, 2009
It is easy in these times to put the case against any existing institution. Most of us are in a highly critical mood, because we feel that during the last few years things have happened which ought never to have happened, and that these earth-shaking events were not well met and handled, especially...

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The TVA Idea

BooksMay 27, 2008
It is this hidden loss that many people forget when TVA is being discussed. They can actually see the TVA dams, and can count the persons hired to build them. Pictures and glowing descriptions of TVA can be sent all over the world. But when one tries to explain that TVA actually prevented an equal...

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Lectures on Modern History

BooksJuly 22, 2009
Modern History tells how the last four hundred years have modified the medieval conditions of life and thought. In comparison with them, the Middle Ages were the domain of stability, and continuity, and instinctive evolution, seldom interrupted by such originators as Gregory VII. or St. Francis of...

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29. Capital and Interest: Eugen von Böhm-Bawerk and the Discriminating Reader

Online Text Page from Economic Freedom and Interventionism, Ch. III. Mises As Critic

The publication of a new English-language translation of Böhm-Bawerk's monumental work on Capital and Interest1 raises an important question.