Book Reviews

Nothing to Fear from New Technologies If the Market Is Free

by Kevin Carson January 1, 2015

The Second Machine Age: Work, Progress and Prosperity in a Time of Brilliant Technologies by Erik Brynjolfsson and Andrew McAfee (W.W. Norton & Company 2014), 320 pages. The subject of this book is the “second machine age,” in which “computers and other digital advances are doing for mental power — the ability to use our brains to understand ...

“Both Together, They Made a Very Good Book”

by Joseph R. Stromberg December 1, 2014

The Great Debate: Edmund Burke, Thomas Paine, and the Birth of Left and Right by Yuval Levin (Basic Books 2014), 235 pages. Yuval Levin’s well-written Great Debate is full of useful material, understandable explanation, and interesting reflections. It flows along smoothly and even entertainingly, unless that is a cuss word in serious circles. Levin goes through the Burke-Paine controversy ...

Ignoring the Difference between Free markets and State Capitalism

by Kevin Carson December 1, 2014

Capital in the Twenty-First Century by Thomas Piketty, translated by Arthur Goldhammer (Belknap 2014), 696 pages. The basic phenomenon that Thomas Piketty devotes this book to describing is simple: “When the rate of return on capital significantly exceeds the growth rate of the economy..., then it logically follows that inherited wealth grows faster than output and income.” His historical account ...

Reining In Out-of-Control Government

by David S. D'Amato November 1, 2014

The Classical Liberal Constitution by Richard A. Epstein (Harvard University Press 2014), 701 pages. In Book II of his Two Treatises of Government, John Locke says “that being all equal and independent, no one ought to harm another in his life, health, liberty, or possessions.” A towering figure in the Enlightenment, Locke is often called the father of classical ...

A Libertarian Historian’s Masterpiece on the Civil War

by Anthony Gregory November 1, 2014

Emancipating Slaves, Enslaving Free Men: A History of the American Civil War, 2nd ed. by Jeffrey Rogers Hummel (Open Court 2013), 421 pages. Not many volumes advance a radically revisionist thesis while maintaining proper respect for the mainstream historical literature. To do so with a topic as exhaustively explored as the American Civil War warrants special recognition. Jeff ...

How Laws Are Passed, Maintained, and Changed

by George Leef October 1, 2014

Madmen, Intellectuals, and Academic Scribblers: The Economic Engine of Political Change by Wayne A. Leighton and Edward J. Lopez (Stanford Economics and Finance 2013), 209 pages. Have you ever wondered why democracies so often generate public policies that are wasteful and unjust? Have you asked why such policies persist over long periods, even when they are known to ...

How the Pentagon Really Gets Funded

by Philip A. Reboli October 1, 2014

Duty: Memoirs of a Secretary at War by Robert Gates (Knop 2014), 640 pages. The most interesting parts of former Secretary of Defense Robert Gates’s memoir, Duty, are about how he navigated the Department of Defense (DoD) bureaucracy and the special interests who live off it. A recurring theme is the difficulty Gates had in getting the DoD ...

Imaging Patterns

by David S. D'Amato October 1, 2014

The United States of Paranoia: A Conspiracy Theory by Jesse Walker (Harper 2013), 448 pages. What is the substance of American paranoia? From where does it emanate, and why is its study important? These are some of the questions that, without preaching or bludgeoning us with elitist pretensions, Jesse Walker, books editor at Reason magazine, addresses in The United ...

Government-Rigged Markets

by George Leef September 1, 2014

Crony Capitalism in America 2008 – 2012 by Hunter Lewis (AC2 Books 2013), 399 pages. Ayn Rand called it “the aristocracy of pull.” That was her term for the political-economic system in which people can get ahead (and even become exceptionally wealthy) by virtue of their connections with those in power, rather than by their work, innovations, and ...

The Worst Government Crimes

by Anthony Gregory September 1, 2014

Bloodlands: Europe between Hitler and Stalin by Timothy Snyder (Basic Books 2010), 560 pages. We can locate the deadliest place and time in world history, certainly for the modern West, in the stretch of land between Berlin and Moscow in the 1930s and 1940s. That setting hosted an unimaginable bloodbath thanks to the worst killers ever to plague Europe — ...

The Poverty of Top- Down Anti-Poverty Efforts

by David S. D'Amato August 1, 2014

The Idealist: Jeffrey Sachs and the Quest to End Poverty by Nina Munk (Doubleday 2012), 272 pages. In the idealist, the system-building visionary, there is a certain natural attractiveness, a gravitational pull centered on the strength of his convictions. We desire to be a part of his crusade, or at least to root it on, because we admire the ...

A Conservative Dissents from the Corporate Status Quo

by Anthony Gregory August 1, 2014

The Great Deformation: The Corruption of Capitalism in America by David A. Stockman, (Public Affairs 2013), 768 pages. Most leftist critiques of libertarianism focus on an alleged blind defense of corporate power. Indeed, left-libertarian Kevin Carson has helpfully criticized the very real problem of “vulgar libertarianism,” the working assumption that current economic realities are a product of free-market dynamics ...