2. Jeremy Bentham: The Utilitarian as Big Brother (continued)
From An Austrian Perspective on the History of Economic Thought, Volume II. Narrated by Jeff Riggenbach.
From An Austrian Perspective on the History of Economic Thought, Volume II. Narrated by Jeff Riggenbach.
From An Austrian Perspective on the History of Economic Thought, Volume II. Narrated by Jeff Riggenbach.
From An Austrian Perspective on the History of Economic Thought, Volume II. Narrated by Jeff Riggenbach.
From An Austrian Perspective on the History of Economic Thought, Volume II. Narrated by Jeff Riggenbach.
From An Austrian Perspective on the History of Economic Thought, Volume II. Narrated by Jeff Riggenbach.
From An Austrian Perspective on the History of Economic Thought, Volume II. Narrated by Jeff Riggenbach.
If monopoly companies for specific products or specific areas of trade were good, reasoned François du Noyer, sieur de Saint-Martin, why not go one
One doesn't have to read far into the works of George Orwell to discover that he had no understanding of economics whatsoever and was not personally a libertarian in the sense we have in mind when we use that word today.
Decades before the socialists gained power, Eugen Richter saw the writing on the wall. The great tragedy of the 20th century is that the world had to learn about totalitarian socialism from bitter experience, instead of Richter's inspired novel. Many failed to see the truth until the Berlin Wall went up. By then, alas, it was too late.
"All the portions served out are of the same size. One insatiable fellow today who asked for more was rightly served by being heartily laughed at. For what more deadly blow could be leveled at one of the fundamental principles of equality?"