Taylor discusses all the fundamental aspects of Austrian thought, from subjectivism and marginal utility to inflation and the business cycle. This new and revised edition is widely influential among economics students.For the newcomer, this work represents a concise introduction to both the historical setting of the Austrian School and to the ideas espoused by its members.This volume includes chapters on:Social Cooperation and Resource Allocation Economic Calculation The Subjective Theory of Value The Market and Market Prices Production in an Evenly Rotating Economy From an Evenly Rotating Economy to the Real World Inflation and the Business Trade Cycle96 pp. (pb)

    The cure is a radical one because, as the book incontrovertibly shows, the many problems that confront us today are no accident. They stem from the nature of government itself. Only peaceful cooperation based on the free market can rescue us from our present plight.Against the State is written by Lew Rockwell, the founder of the Mises Institute and LewRockwell.com, and the closest friend and associate of Murray Rothbard, the leading theorist of anarcho-capitalism. Rockwell applies Rothbard’s combination of individualist anarchism and Austrian economics to contemporary America. The book shows how the government is based on war, both against foreign nations and against the American people themselves, through massive invasions of our liberties. Fueled by an out-of-control banking system, the American State has become in essence fascist. We cannot escape our predicament through limited government: the government is incapable of controlling itself. Only a purely private social order can save us, and Rockwell succinctly sets out how an anarcho-capitalist order would work.

    

    17Ludwig von Mises, The Anti-Capitalistic Mentality (South Holland, ...

    It is bold, innovative, radical, compelling, and shows how free-market economic theory is the clarifying lens through which to see the failures of the state & see the alternative that is consistent with human liberty. He shows that even the worst, off-the-cuff scenario of life under private ownership of roads would be fantastic by comparison to the existing reality of government-ownership. That is only the beginning of what Block has done. He has made a lengthy, detailed, and positive case that the privatization of roads would be socially optimal in every way. It would save lives, curtail pollution, save us (as individuals!) money, save us massive time, introduce accountability, & make transportation a pleasure instead of a pain in the neck. Because this is the first-ever complete book on this topic, the length & detail are necessary. He shows that this is not some libertarian pipe-dream but the most practical application of free-market logic. Block is dealing with something that confronts us everyday. And in so doing, he illustrates the power of economic theory to take an existing set of facts and help you see them in a completely different way. What's also nice is that the prose has great passion about it, despite the great scholarly detail. He loves answering the objections (aren't roads public goods? Aren't roads too expensive to build privately?) and making the case, fully aware that he has to overcome a deep and persistent bias in favor of public ownership. The writer burns with a moral passion on the subjects of highway deaths and pollution issues. His "Open Letter to Mothers Against Drunk Driving" is a thrill to read! The book comes together as a battle plan against government roads and a complete roadmap for a future of private transportation.

    Meanwhile, the public sector is systematically wrecking the physical world in sneaky and petty ways that really do matter. Jeffrey Tucker, in this follow-up to his Bourbon for Breakfast, draws detailed attention to both. He points out that the products of digital capitalism are amazing, astounding, beyond belief-more outrageously advanced than anything the makers of the Jetsons could even imagine. With this tiny box in hand, we can do a real-time video chat with anyone on the planet and pay nothing more than my usual service fee. This means that anyone on the planet can do business with and be friends with any other person on the globe. The borders, the limits, the barriers-they are all being blasted away. The pace of change is mind-boggling. The world is being reinvented in our lifetimes, every day. Email has only been mainstream for 15 years or so, and young people now regard it as a dated form of communication used only for the most formal correspondence. Today young people are brief instant messaging through social media, but that's only for now, and who knows what next year will bring. Oddly, hardly anyone seems to care, and even fewer care about the institutional force that makes all this possible, which is the market economy. Instead, we just adjust to the new reality. We even hear of the grave problem of "miracle fatigue"-too much great stuff, too often. Truly, this new world seems to have arrived without much fanfare at all. And why? It has something to do with the nature of the human mind, Tucker argues, which does not and This book will inspire love for free markets - and loathing of government.

    He argues that the service is better provided by free markets than government, while addressing a hundred counter-arguments. Here we have an important updating of an argument rarely made even in the libertarian tradition. [Description taken from Mises.org]

    Written in 1940, before the United States was officially involved in World War II, this book offers a rare insight into the war economies of Hitler's Germany and Mussolini's Italy. Mises criticizes the pre-World War II democratic governments for favoring socialism and interventionism over capitalist methods of production. Mises contends that government's economic role should be limited because of the negative political and social consequences of the economic policy of interventionism.Ludwig von Mises (1881has written and lectured extensively on topics of free market economics. Her articles have appeared in such journals as Human Events, Reason, and The Freeman: Ideas on Liberty. A student of Mises, Greaves has become an expert on his work in particular and that of the Austrian School of economics in general. She has translated several Mises monographs, compiled an annotated bibliography of his work, and edited collections of papers by Mises and other members of the Austrian School.

    When it was published in 1943, Isabel Paterson's work provided fresh intellectual support for the endangered American belief in individual rights, limited government, and economic freedom. The crisis of today's collectivized nations would not have surprised Paterson; in The God of the Machine, she had explored the reasons for collectivism's failure. Her book placed her in the vanguard of the free-enterprise movement now sweeping the world.Paterson sees the individual creative mind as the dynamo of history, and respect for the individual's God-given rights as the precondition for the enormous release of energy that produced the modern world. She sees capitalist institutions as the machinery through which human energy works, and government as a device properly used merely to cut off power to activities that threaten personal liberty.Paterson applies her general theory to particular issues in contemporary life, such as education, .social welfare, and the causes of economic distress. She severely criticizes all but minimal application of government, including governmental interventions that most people have long taken for granted. The God of the Machine offers a challenging perspective on the continuing, worldwide debate about the nature of freedom, the uses of power, and the prospects of human betterment.Stephen Cox's substantial introduction to The God of the Machine is a comprehensive and enlightening account of Paterson's colorful life and work. He describes The God of the Machine as "not just theory, but rhapsody, satire, diatribe, poetic narrative." Paterson's work continues to be relevant because "it exposes the moral and practical failures of collectivism, failures that are now almost universally acknowledged but are still far from universally understood." The book will be essential to students of American history, political theory, and literature.

    A collection of essays by nineteenth century French political economist Frédéric Bastiat.

    health care system is in a state of disrepair, but the rabbit hole goes deeper than even the staunchest critics may realize. In Primal Prescription, authors Doug McGuff and Robert Murphy combine their expertise in economics and medicine to offer a shocking, disturbing, and ultimately enlightening view into America’s health care system. You’ll discover the real history of what went wrong with U.S. health care and insurance, and why current efforts to clean up the mess are only making things worse.But far from leaving you feeling helpless at the dismal—and sometimes deadly—state of affairs, Primal Prescription equips you with both the knowledge to understand the health care conundrum and the tools for navigating your way out of it. McGuff and Murphy offer an evidence-based “game plan” for taking control of your own medical care, protecting yourself and your loved ones regardless of what the future holds for the rest of the nation.Whether you’re currently tangled in America’s broken health care system or simply trying to avoid its clutches, Primal Prescription is a must-have resource for taking your health into your own hands.

    It covers a wide range of topics including: Money and Banking, Monopolies and Cartels, Insurance, Health Care, Law, Security, Poverty, Education, Environmentalism, and more! To enjoy this compelling read requires no previous political, philosophical, or economic knowledge as all uncommon concepts are defined and explained in a simple yet uncompromising manner. Take heed, this work is liable to cause radical paradigm shifts in your understanding of both the State and Free Market.

    Avert your eyes from this dangerous extremist, citizen! Government is composed of wise public servants who innocently pursue the common good! In Real Dissent, Tom Woods demolishes some of the toughest critics of libertarianism in his trademark way. In doing so he strays beyond what he calls the index card of allowable opinion, the narrow range within which the media and political classes permit debate to take place in America. Should 40% or 35% of our income be taxed? That's the kind of debate the New York Times prefers. Should our income be taxed at all? Now that's out of bounds, citizen! In foreign policy, Americans are permitted to choose between bombing a despised country or starving its people to death. You favor peace? Why, you must be an "extremist"! On the Federal Reserve, the debate is over which policy the Fed should pursue. But what if the Fed is itself the problem? No answer, because the question isn't raised. Real Dissent is organized into ten parts: Part I: War and Propaganda Part II: Capitalism and Anti-Capitalism Part III: Libertarianism Attacked, and My Replies Part IV: Ron Paul and Forbidden Truths Part V: End the Fed Part VI: History and Liberty Part VII: When Libertarians Go Wrong [on people who don't quite get their own philosophy] Part VIII: Books You May Have Missed Part IX: Talking Liberty: Selected Tom Woods Show Interviews Part X: Back to Basics Afterword: How I Evaded the Gatekeepers of Approved Opinion The index card of allowable opinion forces Americans into narrow and pointless debates, and closes off discussion of plausible and humane alternatives. For the sake of American liberty, it’s time we set that thing on fire. This book is a match. PRAISE FOR TOM WOODS: “During my presidential campaigns, Tom Woods wrote some of the most effective replies to some of my unkindest critics.... "Real Dissent is great fun to read, but also filled with useful debating points that will come in handy as you make the case for the free society with friends and family. Over the years I have worked together closely with Tom, one of the libertarian movement’s brightest and most prolific scholars, and I am delighted to commend his new book to you. You will enjoy it, and profit from it.” Ron Paul, former U.S. Congressman “The smartest guy in the room.” Judge Andrew P. Napolitano, Senior Judicial Analyst, FOX News “Tom Woods is one of my dearest allies in the struggle against wrong-headed and dangerous economic policy.” Peter Schiff “Tom Woods has written some great stuff over the years, and he's contributed to the education of a lot of people, including myself.” David Stockman, director of the Office of Management and Budget, 1981-1985 About the Author Thomas E. Woods Jr. is a senior fellow of the Ludwig von Mises Institute and host of The Tom Woods Show, a Monday-through-Friday podcast (at TomWoodsRadio.com). He has appeared on CNBC, FOX News, MSNBC, C-SPAN, FOX Business, Bloomberg Television, and many other outlets, and has been a guest on hundreds of radio programs. Tom is the New York Times betselling author of 12 books, including Meltdown (on the financial crisis) and The Politically Incorrect Guide to American History.

    But other classics are written in a white heat during the moment of discovery, with prose that shines forth like the sun pouring into the window of a time when a new understanding brings in the world into focus for the first time. The Market for Liberty is that second type of classic, and what a treasure it is. Written by two authorsMorris and Linda Tannehilljust following a period of intense study of the writings of both Ayn Rand and Murray Rothbard, it has the pace, energy, and rigor you would expect from an evening's discussion with either of these two giants. More than that, these authors put pen to paper at precisely the right time in their intellectual development, that period rhapsodic freshness when a great truth had been revealed, and they had to share it with the world. Clearly, the authors fell in love with liberty and the free market, and wrote an engaging, book-length sonnet to these ideas. This book is very radical in the true sense of that term: it gets to the root of the problem of government and provides a rethinking of the whole organization of society. They start at the beginning with the idea of the individual and his rights, work their way through exchange and the market, expose government as the great enemy of mankind, and thenand here is the great surprisethey offer a dramatic expansion of market logic into areas of security and defense provision. 169 page softcover

    This was the warning which Friedrich Hayek, the great architect of the 20th-century revival of classical liberal ideas, issued in 1949 with this essay. Hayek described intellectuals as 'professional second-hand dealers in ideas', people who are in a position to become familiar with new ideas and to promote them through their writings and speeches.He believed the importance of this class had been ignoted by supporters of the free market, with serious consequences. For example, socialism had never, and nowhere, been at first a working-class movement. It adoption by policy makers had been preceded by a long period in which it had been of interest only to intellectuals, who had promoted it relentlessly. Hayek believe that the classical liberal ideal of liberty and free markets had lost its appeal for young, intelligent people: the challenge was to 'make the building of a free society once more an intellectual adventure'. Hayek ended the essay by asking: 'Will it be in time?' A foreword by Edwin J. Feulner, President of the Heritage Foundation, and an introduction by John Blundell, General Director of the IEA, testify to the impact of this essay, together with Hayek's other writings, in stimulating the backlash against socialism through the many institutes founded by those who were won over to classical liberal ideas - just in time.