The NFL Draft and the Division of Labor

Mises DailyApril 26, 2012
The division of labor allowed Joel Buchsbaum to create a niche for himself and to become a legend doing what he loved: writing football draft reports.

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10. The Concept of a Perfect System of Government

Online Text Page from The Ultimate Foundation of Economic Science, Ch. Chapter 5: On Some Popular Errors Concerning the Scope and Method of Economics

The "social engineer" is the reformer who is prepared to "liquidate" all those who do not fit into his plan for the arrangement of human affairs. Yet historians and sometimes even victims whom he puts to death are not averse to finding some extenuating circumstances for his massacres or planned massacres by pointing out that he was ultimately motivated by a noble ambition: he wanted to establish the perfect state of mankind. They assign to him a place in the long line of the designers of utopian schemes.

10. Fiat Money and Government Deficits by Amadeus Gabriel

Online Text Page from The Next Generation of Austrian Economics: Essays in Honor of Joseph T. Salerno, Ch. III. Policy

Scholars* of the Austrian tradition are particularly known for their important work in the field of monetary economics. They analyze the dynamics of fiat money and its impact on the real economy.

11. Economic Nationalism and Peaceful Economic Cooperation

Online Text Page from Money, Method, and the Market Process, Ch. Trade

The task of one privileged to address an audience of serious and conscientious citizens on problems of international relations is thankless indeed. If he is anxious to do his duty and to show things as they really are, he cannot help dispelling illusions, unmasking fallacies and exhibiting the intricacy of the problems involved.

From The Archives

Mises DailyJanuary 8, 1999
How Mises's Human Action came to be written.

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11. The Limits of Governmental Activity

Online Text Page from Liberalism: In the Classical Tradition, Ch. 1. The Foundations of Liberal Policy

As the liberal sees it, the task of the state consists solely and exclusively in guaranteeing the protection of life, health, liberty, and private property against violent attacks. Everything that goes beyond this is an evil. A government that, instead of fulfilling its task, sought to go so far as actually to infringe on personal security of life and health, freedom, and property would, of course, be altogether bad.

11. Russia

Online Text Page from Liberalism: In the Classical Tradition, Ch. 3. Liberal Foriegn Policy

The law-abiding, citizen by his labor serves both himself and his fellow man and thereby integrates himself peacefully into the social order. The robber, on the other hand, is intent, not on honest toil, but on the forcible appropriation of the fruits of others' labor. For thousands of years the world had to submit to the yoke of military conquerors and feudal lords who simply took for granted that the products of the industry of other men existed for them to consume.

10. The Why of Human Action

Online Text Page from Economic Freedom and Interventionism, Ch. II. Interventionism

There are no ivory towers to house economists. Whether he likes it or not, the economist is always dragged into the turmoil of the arena in which nations, parties, and pressure groups are battling. Nothing absorbs the minds of our contemporaries more intensely than the pros and cons of economic doctrines. Economic issues engross the attention of modern writers and artists more than any other problem. Philosophers and theologians today deal more often with economic themes than with those topics which were once considered as the proper field of philosophical and theological studies.

10. The League of Nations

Online Text Page from Liberalism: In the Classical Tradition, Ch. 3. Liberal Foriegn Policy

Just as, in the eyes of the liberal, the state is not the highest ideal, so it is also not the best apparatus of compulsion. The metaphysical theory of the state declaresapproaching, in this respect, the vanity and presumption of the absolute monarchsthat each individual state is sovereign, i.e., that it represents the last and highest court of appeals.

10. The Argument of Fascism

Online Text Page from Liberalism: In the Classical Tradition, Ch. 1. The Foundations of Liberal Policy

If liberalism nowhere found complete acceptance, its success in the nineteenth century went so far at least as that some of the most important of its principles were considered beyond dispute. Before 1914, even the most dogged and bitter enemies of liberalism had to resign themselves to allowing many liberal principles to pass unchallenged.

10. Autarky and Its Consequences

Online Text Page from Money, Method, and the Market Process, Ch. Trade

I. Terminological Remarks*

There is considerable ambiguity concerning the terminology to be used in dealing with the problems of international economic relations. It seems therefore expedient to start with a clear definition of some terms.

Money, Bank Credit, and Economic Cycles

BooksMarch 15, 2006
The three years since the publication of the previous English edition of Money, Bank Credit, and Economic Cycles have seen a continuation of the economic recession process set in motion after the 2007 financial crisis. This process has consisted of the inevitable microeconomic readjustment and...

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10. Action as an Exchange

Online Text Page from Man, Economy, and State, with Power and Market, Ch. 1. The Fundamentals of Human Action

We have stated that all action involves an exchange—a giving up of a state of affairs for what the actor expects will be a more satisfactory state.43 We may now elaborate on the implications of this truth, in the light of the numerous examples that have been given in this chapter. Every aspect of action has involved a choice among alternatives—a giving up of some goods for the sake of acquiring others.

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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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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10. Back to the Jungle?

Online Text Page from Power and Market: Government and the Economy, Ch. 6. Antimarket Ethics: A Praxeological Critique

Many critics complain that the free market, in casting aside inefficient entrepreneurs or in other decisions, proves itself an “impersonal monster.” The free-market economy, they charge, is “the rule of the jungle,” where “survival of the fittest” is the law.