Media and Culture

"Without the capital accumulation of modern capitalism, people would not be living from paycheck to paycheck as workers, but from harvest to harvest as peasants."

The constitutional arrangement is far from perfect. But, at least if its provisions are obeyed, there is a barrier imposed on arbitrary and secret rule by one person.

The lesson of Mises and Hayek is clear: there is no substitute for the private ownership. Without it, economic calculation in a modern economy cannot take place.

We, this satirical and heretical dystopian futurist book, ends by resolving whether or not the protagonist can find penultimate happiness in the co

"Zamyatin's book was the first to be banned by the newly created censorship board."

In a few short hours, I was assaulted ten times with the demand that I display social consciousness.

"There is a great need for an introductory economics text that begins with the fundamentals of human action, develops economic principles in a way that students can understand, and then applies these principles to economic policy."

The world is the product not of justice or of beneficent design, but of human limitations. Out of ignorance, and in the chaos of conflict, the world is built and rebuilt.

Ultimately, when Rose died — it was in 1968, she was 81 — Roger MacBride inherited everything she owned, including the fabulously valuable rights to the Little House books ostensibly written by her mother.

Even students who already have a strong understanding of more advanced Austrian concepts should consider reading Hahn's Common Sense Economics, for it will strengthen their foundations in economic theory.