Part 1 | Part 2 | Part 3 | Part 4 | Part 5
"The principle of free trade is non-interference," wrote the English classical economist Nassau Senior in 1828. "It is to suffer every man ...
Second Thoughts: Myths and Morals of U.S. Economic History
edited by Donald N. McCloskey (New York: Oxford University Press, 1993); 208 pages; $24.95.
In his introduction to the 1954 book Capitalism and the Historians , ...
Part 1 | Part 2 | Part 3
The greatest myth that has emerged out of the end of the Cold War is that a philosophy of freedom has triumphed over an ideology of totalitarianism. The post-World War ...
Prices & Knowledge: A Market-Process Perspective
by Esteban F. Thomsen (New York: Routledge, 1992); 150 pages.
In spite of the repudiation of Soviet-style socialist central planning, the free market has not triumphed. A good part of the reason for this is ...
Part 1 | Part 2 | Part 3
In 1949, John T. Flynn published a book entitled The Road Ahead: America's Creeping Revolution. In it he explained that "modern socialism means the assumption by the State of the ...
Hayek and the Keynesian Avalanche
by Brian McCormick (New York: St. Martin's Press, 1992); 289 pages; $59.95.
In England in the 1930s, there were two opposing schools of economic thought concerning the causes, ...
Part 1 | Part 2 | Part 3
In 1979, the Czech playwright and dissident Vaclav Havel illegally published his famous essay, "The Power of the Powerless." He analyzed the nature of the totalitarian system and the role ...
Welfare Economics and Externalities in an Open Ended Universe: A Modern Austrian Perspective
by Roy E. Cordato (Boston: Kluwer Academic Press, 1992); 140 pages.
Classical liberals and libertarians have traditionally argued that government should be limited to certain essential functions for ...
Part 1 | Part 2
In the early 1920s, Ludwig von Mises pointed out that "socialism is the watchword of our day. The socialist idea dominates the modem spirit. The masses approve of it; it has set its seal ...
Russia's Secret Rulers: How the Government and the Criminal Mafia Exercise Their Power
by Lev Timofeyev (New York: Alfred A. Knopf, 1992); 177 pages; $21.00.
The Soviet Union was a harsh taskmaster for those who were interested in truth and were ...
