The economy is now a networked economy. Some people even say that in this networked world centralized managerial hierarchies are obsolete; in the future, they will be replaced by decentralized, disaggregated, peer-to-peer communities.
Joan Samson was a Depression baby, born in 1937. In 1975, the year before her death, she published her only novel, <i>The Auctioneer</i>. This seems to be just about the sum total of what is publicly known about her, and that is a damn shame.
The honor of being called the "father of modern economics" belongs not to its usual recipient, Adam Smith, but to a gallicized Irish merchant, banker, and adventurer who wrote the first treatise on economics more than four decades before the publication of the Wealth of Nations.
The history of the 19th and 20th centuries has discredited the hopes and the prognostications of the philosophers of the Enlightenment. The peoples did not proceed on the road toward freedom, constitutional government, civil rights, free trade, peace, and good will among nations.
Julian Assange cracked the government's veil of benignity and brought into question the state's tactics. So the state must destroy him.
A remarkable combination of a brilliant and incisive mind, an unusually clear and lucid style, and an unfailingly cheerful, generous, and gentle soul, Henry Hazlitt continues to be a veritable fount of energy and productivity.
If Scott can excoriate most of his fellow historians for confounding "civilization" with "state-making," he himself can be excoriated for confounding statelessness with lack of government.
Past expenses incurred during the production of a good are completely irrelevant to the determination of the current price of a good. The market price of a good is determined solely by the relative valuations of goods and money by the buyers and sellers of the good.
Is there an alternative to this Big Brother approach to managing homeland security? I think there is: private defense agencies offering competitive services on an open market.
Private ownership of the means of production is the fundamental institution of the market economy.
