On Equality and Inequality

This article is excerpted from chapter 14 of Money, Method, and the Market Process, edited by Richard M. Ebeling. It was originally published in Modern Age (Spring 1961).] by Ludwig von Mises The doctrine of natural law that inspired the 18th century declarations of the rights of man did not imply the obviously fallacious proposition that all men are […]

The Minimum Wage Is Cruelest to Those Who Can’t Find a Job

By James A. Dorn This article appeared in Forbes.com on July 22, 2013. U.S. youth unemployment now stands at 16 percent for 16–24 year olds, 23 percent for teens, and a shocking 40 percent for black teens. More than 10 million young people are either unemployed or underemployed. Would increasing the federal minimum wage from $7.25 per hour […]

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 […]

Omnipotent Government: The Rise of the Total State and Total War

Preface In dealing with the problems of social and economic policies, the social sciences consider only one question: whether the measures suggested are really suited to bringing about the effects sought by their authors, or whether they result in a state of affairs which—from the viewpoint of their supporters —is even more undesirable than the previous state which it was […]

Seeing the Unseen

By Llewellyn H. Rockwell, Jr. January 1, 2008 Even now, people think nothing of professing their attachment to socialist ideology at cocktail parties, at restaurants serving abundant foods, and lounging in the fanciest apartments and homes that mankind has ever enjoyed. Yes, it is still fashionable to be a socialist, and — in some circles […]

Economic Depressions: Their Cause and Cure

By Murray N. Rothbard This essay was originally published as a minibook by the Constitutional Alliance of Lansing, Michigan, 1969. We live in a world of euphemism. Undertakers have become “morticians,” press agents are now “public relations counsellors” and janitors have all been transformed into “superintendents.” In every walk of life, plain facts have been […]

Free Economy and Social Order

by Wilhelm Röpke This article was originally published in the Freeman, January 11, 1954. Most of us, and all of us most of the time, deal with the market economy as a definite type of economic order, a sort of “economic technique” as opposed to the socialist “technique.” For this view, it is significant that […]