Media and Culture

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.

"I have often been asked to add to my negative critique of Keynes's theory the positive exposition of an economic theory that offered a more correct explanation and description of economic reality. The present book is my answer to this request."

Recorded from The Mises Circle in Phoenix, Arizona, April 10th, 2010. Sponsored by James M. Rodney.

We've all encountered the rival theories Hunt is talking about here — the thinkers like Max Weber, who believed that the rise of liberalism was caused by the Puritan work ethic, the thinkers who believe that the rise of liberalism was made inevitable by Christian ideas about the individual soul, and so forth.When you're attempting to explain market processes, whether in the marketplace for goods and services or the marketplace of ideas, it's never that simple.

George's own attachment to the land tax, rightly critiqued by Rothbard, is a clear case of Rothbard's Law: the tendency of people to specialize in what they are worst at.

Socrates' conversation illustrates the logic of the politics of plunder and injustice in the polis. Socrates is able to do this because of his audience's lack of a definition of justice.

Although he writes with confidence, David Frum's rejection of the gold standard is based on faulty history, bad economics, and a belief in the power of Washington to manage the economy.

It was Misesian (myself) vs. Rothbardians (nir, wilderness, and Conza), and it got rocky a few times. But tempers cooled, concessions were made, compliments were passed, common ground was discovered, and new ways of looking at the issue were found by both sides.