Time for Socialism: Dispatches from a World on Fire, 2016–2020 By Thomas Piketty Yale University Press, 2021 352 pages Thomas Piketty has written a useful book. Readers need no longer plough their way through his vast Capital in the Twenty-First Century , not to mention his even vaster Capital and Ideology, to understand his message. This fairly
Capitalism vs. Freedom: The Toll Road to Serfdom by Rob Larson Zero Books, 2018, 233 pp. Rob Larson, who is a professor of economics at Tacoma Community College in Washington, does not agree with Mises, Hayek, Rothbard, and Friedman that the free market promotes freedom and prosperity and that socialism is the “road to serfdom.” That is an
Pathways to Policy Failure by Gary Galles American Institute for Economic Research, 2020, 490 pp. Gary Galles, an economics professor at Pepperdine University, has in this outstanding book shown how to apply basic economic principles to evaluate concrete policy proposals. In doing so, he offers a comprehensive defense of the free market and
Critics of egalitarianism, meaning by that equality, or close to it, of income and wealth among the members of a society, often claim that it rests on envy. In response, defenders say that there are respectable reasons to favor equality. (I’m assuming that envy doesn’t count as a respectable reason.) For instance, it can be argued that inequality
Cronyism: Liberty versus Power in Early America, 1607–1849 by Patrick Newman Mises Institute, 2021, 362 pp. Patrick Newman dedicates Cronyism to Murray Rothbard, and it is a fitting choice, as this outstanding book continues and extends Rothbard’s brilliant interpretation of American history. Newman is eminently qualified to do so, having edited
Murray Rothbard views the eighteenth-century French economist and administrator Anne-Robert-Jacques Turgot as a great and admirable figure, but David Graeber and David Wengrow do not agree. In their recently published The Dawn of Everything (Farrar, Straus and Giroux, 2021), they present Turgot as a force for evil. His ideas provided a
Crisis of the Two Constitutions: The Rise, Decline, and Recovery of American Greatness by Charles R. Kesler Encounter Books, 2021 xviii + 451 pp. Charles Kesler, a professor of government at Claremont McKenna College and editor of the Claremont Review of Books , has presented in this important new book a carefully conceived interpretation of the
Murray Rothbard and other libertarians support self-ownership. Part of being a self-owner is that no one may physically harm your body without your consent, unless you first violate someone else’s rights. David Friedman raised a famous objection to this principle, and the problem has also been discussed by Walter Block. In his book The Machinery
Today would have been Murray Rothbard’s ninety-fifth birthday. He was an unforgettable friend whose immense knowledge of many different fields was unsurpassed in my experience. In a lecture on the Austrian theory of the business cycle, he mentioned the common objection that the expansion of bank credit might have no effect if investors anticipated
Leo Strauss is one of the most influential political philosophers of the twentieth century, and like him or not, we need to understand his ideas. Murray Rothbard, by the way, had a mixed verdict on Strauss. He says, for example, [H]is work exhibits one great virtue and one great defect: the virtue is that he is in the forefront of the fight to
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.