The Life & Thought of Friedrich Hayek

Description: The 20th century witnessed the unparalleled expansion of government power over the lives and livelihoods of individuals. Much of this was the result of two devastating world wars and totalitarian ideologies that directly challenged individual liberty and the free institutions of the open society. Other forms of expansion in the provision of social welfare […]

Economic Point of View: An Essay in the History of Economic Thought

Israel Kirzner is an outstanding student of Mises‘s, and here is his sweeping defense of the Misesian definition of the scope and meaning of economic science. He compares the Misesian view of human action with the neoclassical and classical school, and contrasts their views on rationality, human choice, scarcity, and scientific method. The book came […]

Individualism and Economic Order

If you are looking to acquaint yourself with F.A. Hayek‘s perspective on economic theory–beyond his business cycle and monetary studies of the interwar years–this is the best source. The collection appeared in 1947, before he moved on toward broader culturaland social investigations. It contains his most profound work on the liberal economic order, and his […]

Libertarian Extraordinaire, Part 3

Smith begins his discussion of the free-market theories of Thomas Hodgskin. In 1823, Thomas Hodgskin co-founded, with his friend Joseph C. Robertson, the Mechanics’ Magazine. At that time “mechanic” referred to skilled artisans with a specialized trade, rather than to manual laborers in general, so the Mechanics’ Magazine featured articles on the latest developments in science and technology […]

Investigations into the Method of the Social Sciences

by Carl Menger INTRODUCTION TO THE NEW YORK UNIVERSITY PRESS EDITION It is a rare book in economics that deserves to be translated into English as much as eighty years after its initial publication. The book that actually receives such attention after so many years almost ipso facto qualifies as a classic. 1 Carl Menger‘s Untersuchungen uber die Methode der […]

The God of the Machine

Review provided by Jenna at goodreads Paterson’s “The God of the Machine” was an analysis of recorded history. She defended individualism as the cradle of our moral, and political progression. Simplifying the definition of economic freedom through looking back the Western civilization where Phoenicians merchant traversed thousand years a go along the midland waterway to […]

Income Inequality and IQ

By Charles Murray Forward This study is one of a series commissioned by the American Enterprise Institute on trends on the level and distribution of U.S. wages, income, wealth, consumption and other measures of material welfare. The issues addressed in the series involve much more than dry statistics: they touch on fundamental aspirations of the […]