The Foundations of Morality

Here is Hazlitt‘s major philosophical work, in which he grounds a policy of private property and free markets in an ethic of classical utilitarianism, understood in the way Mises understood that term. In writing this book, Hazlitt is reviving an 18th and 19th century tradition in which economists wrote not only about strictly economic issues […]

The Rise, Fall, and Renaissance of Classical Liberalism

by Ralph Raico Freedom Daily, August 1992 Classical liberalism — or simply liberalism, as it was called until around the turn of the century — is the signature political philosophy of Western civilization. Hints and suggestions of the liberal idea can be found in other great cultures. But it was the distinctive society produced in Europe — […]

A Biography of Jean-Baptiste Say

J.B. Say: The Forgotten Early Austrian by Larry Sechrest Beyond some rudimentary facts, very little is available in English about the life of J.B. Say.1 He was born in Lyons, France, to middle-class Huguenot parents, and spent most of his early years in Geneva and London. As a young man, he returned to France in the […]

Libertarian Extraordinaire, Part 4

Smith continues his discussion of Thomas Hodgskin by exploring some of the key arguments in his neglected book on economics, Popular Political Economy. In my last essay, I discussed some general features of Thomas Hodgskin’s Popular Political Economy (1827). I will now explore this book in more detail. Despite some theoretical shortcomings, Popular Political Economy contains a number of insightful discussions, […]

History of Economic Analysis

Review by Google Books At the time of his death in 1950, Joseph Schumpeter was working on his monumantal History of Economic Analysis. Unprecedented in scope, the book was to provide a complete history of economic theory from Ancient Greece to the end of the second world war. A major contribution to the history of ideas […]

What Is Classical Liberalism?

by Ralph Raico August 19, 2010 This article originally appeared in American Conservatism: An Encyclopedia, edited by Bruce Frohnen, Jeremy Beer, and Jeffrey O. Nelson (Wilmington, Delaware: ISI Books, 2006), pp. 498—502. “Classical liberalism” is the term used to designate the ideology advocating private property, an unhampered market economy, the rule of law, constitutional guarantees of freedom of […]

A Biography of Adam Smith

  The Celebrated Adam Smith By Murray N. Rothbard (Originally published as chapter 16 in An Austrian Perspective on the History of Economic Thought, Vol. I, Edward Elgar Press, 1995; Mises Institute, 2006. Sources on this chapter.) Part 1 – The mystery of Adam Smith Part 2 – The life of Smith Part 3 – The division […]