Book Reviews

Stiglitz won the 2001 Nobel Prize in economics, but that doesn't mean he understands free markets, as you might expect from the title of this book. No, Professor Stiglitz, in the free market, there are no government subsidies or taxes. 

Is charity a right held by everyone or should charity be confined to private, voluntary action within a free market? David Gordon argues for the latter.

David Gordon reviews How to Run Wars, by Christopher J. Coyne and Abigail R. Hall. Their tone is satirical, aimed at showing the folly and corruption that marks the policies of the foreign policy elites.

David Gordon reviews How to Run Wars, by Christopher J. Coyne and Abigail R. Hall. Their tone is satirical, aimed at showing the folly and corruption that marks the policies of the foreign policy elites.

The neoconservatives are prime examples of what happens when the temptation to empire and hegemony, far from being resisted, is eagerly embraced by conservatives.

Milton Friedman’s commitment to statistical analysis led him vehemently to oppose the economics of Ludwig von Mises and Friedrich Hayek, whom he regarded as the purveyors of a priori, “unscientific” theorizing.

Mainstream economists believe that economic theory is valid when it “predicts” economic actions or trends. Austrian economists, however, say that the purpose of economic theory is to explain economic events.

Robert Kagan of the Brookings Institute clearly does not like anyone to challenge his pro-war beliefs. In his view, any opposition to the all-powerful American state is opposition to everything good and true.

Robert Nozick’s Anarchy, State and Utopia turns fifty this year, and this libertarian classic has stood the test of time.

Tom Woods has put his considerable skills to work exposing the dangers caused by the Federal Reserve System. George Ford Smith reviews his latest book that gives intellectual ammunition to his case.