This outstanding history illustrates the utter futility of fighting the market process through legislation, which always uses despotic measures to yield socially catastrophic results.The book covers the ancient world, the Roman Republic and Empire, Medieval Europe, the first centuries of the United States and Canada, the French Revolution, the 19th century, World Wars I and II, the Nazis, the Soviets, postwar rent control, and the 1970s. It also includes a very helpful conclusion spelling out the theory of wage and price controls.This book is a treasure, and super entertaining!To search for Mises Institute titles, enter a keyword and LvMI (short for Ludwig von Mises Institute); e.g., Depression LvMI

    These few decades following the Civil War brought America its greatest boom-and-bust cycle until the Depression, the invention of the assembly line, and the dawn of the conservation movement. It inspired legends, such as that icon of rugged individualism, the cowboy. Yet this extraordinary time and its import have remained unexamined for decades.Cattle Kingdom reveals the truth of how the West rose and fell, and how its legacy defines us today. The tale takes us from dust-choked cattle drives to the unlikely splendors of boomtowns like Abilene, Kansas, and Cheyenne, Wyoming. We venture from the Texas Panhandle to the Dakota Badlands to the Chicago stockyards. We meet a diverse array of players—from the expert cowboy Teddy Blue to the failed rancher and future president Teddy Roosevelt. Knowlton shows us how they and others like them could achieve so many outsized feats: killing millions of bison in a decade, building the first opera house on the open range, driving cattle by the thousand, and much more. Cattle Kingdom is a revelatory new view of the Old West.

    Urchins were swept up from London streets to labor in the tobacco fields, where life expectancy was no more than two years. Brothels were raided to provide breeders for Virginia. Hopeful migrants were duped into signing as indentured servants, unaware they would become personal property who could be bought, sold, and even gambled away. Transported convicts were paraded for sale like livestock.Drawing on letters crying for help, diaries, and court and government archives, Don Jordan and Michael Walsh demonstrate that the brutalities usually associated with black slavery alone were perpetrated on whites throughout British rule. The trade ended with American independence, but the British still tried to sell convicts in their former colonies, which prompted one of the most audacious plots in Anglo-American history.This is a saga of exploration and cruelty spanning 170 years that has been submerged under the overwhelming memory of black slavery. White Cargo brings the brutal, uncomfortable story to the surface.

    Breen explores how colonists who came from very different ethnic and religious backgrounds managed to overcome difference and create a common cause capable of galvanizing resistance. In a richly interdisciplinary narrative that weaves insights into a changing material culture with analysis of popular political protests, Breen shows how virtual strangers managed to communicate a sense of trust that effectively united men and women long before they had established a nation of their own. The Marketplace of Revolution argues that the colonists' shared experience as consumers in a new imperial economy afforded them the cultural resources that they needed to develop a radical strategy of political protest--the consumer boycott. Never before had a mass political movement organized itself around disruption of the marketplace. As Breen demonstrates, often through anecdotes about obscure Americans, communal rituals of shared sacrifice provided an effective means to educate and energize a dispersed populace. The boycott movement--the signature of American resistance--invited colonists traditionally excluded from formal political processes to voice their opinions about liberty and rights within a revolutionary marketplace, an open, raucous public forum that defined itself around subscription lists passed door-to-door, voluntary associations, street protests, destruction of imported British goods, and incendiary newspaper exchanges. Within these exchanges was born a new form of politics in which ordinary man and women--precisely the people most often overlooked in traditional accounts of revolution--experienced an exhilarating surge of empowerment. Breen recreates an empire of goods that transformed everyday life during the mid-eighteenth century. Imported manufactured items flooded into the homes of colonists from New Hampshire to Georgia. The Marketplace of Revolution explains how at a moment of political crisis Americans gave political meaning to the pursuit of happiness and learned how to make goods speak to power.

    McCarthyism was on the run, and movements on the political left were grabbing headlines. The media lampooned John Birchers's accusations that Dwight Eisenhower was a communist puppet. Mainstream America snickered at warnings by California Congressman James B. Utt that barefooted Africans were training in Georgia to help the United Nations take over the country. Yet, in Utt's home district of Orange County, thousands of middle-class suburbanites proceeded to organize a powerful conservative movement that would land Ronald Reagan in the White House and redefine the spectrum of acceptable politics into the next century.Suburban Warriors introduces us to these people: women hosting coffee klatches for Barry Goldwater in their tract houses; members of anticommunist reading groups organizing against sex education; pro-life Democrats gradually drawn into conservative circles; and new arrivals finding work in defense companies and a sense of community in Orange County's mushrooming evangelical churches. We learn what motivated them and how they interpreted their political activity. Lisa McGirr shows that their movement was not one of marginal people suffering from status anxiety, but rather one formed by successful entrepreneurial types with modern lifestyles and bright futures. She describes how these suburban pioneers created new political and social philosophies anchored in a fusion of Christian fundamentalism, xenophobic nationalism, and western libertarianism.While introducing these rank-and-file activists, McGirr chronicles Orange County's rise from nut country to political vanguard. Through this history, she traces the evolution of the New Right from a virulent anticommunist, anti-establishment fringe to a broad national movement nourished by evangelical Protestantism. Her original contribution to the social history of politics broadens--and often upsets--our understanding of the deep and tenacious roots of popular conservatism in America.

    Empire of Guns, a rich and ambitious new book by award-winning historian Priya Satia, upends this conventional wisdom by placing war and Britain's prosperous gun trade at the heart of the Industrial Revolution and the state's imperial expansion.Satia brings to life this bustling industrial society with the story of a scandal: Samuel Galton of Birmingham, one of Britain's most prominent gunmakers, has been condemned by his fellow Quakers, who argue that his profession violates the society's pacifist principles. In his fervent self-defense, Galton argues that the state's heavy reliance on industry for all of its war needs means that every member of the British industrial economy is implicated in Britain's near-constant state of war. Empire of Guns uses the story of Galton and the gun trade, from Birmingham to the outermost edges of the British empire, to illuminate the nation's emergence as a global superpower, the roots of the state's role in economic development, and the origins of our era's debates about gun control and the "military-industrial complex" -- that thorny partnership of government, the economy, and the military. Through Satia's eyes, we acquire a radically new understanding of this critical historical moment and all that followed from it. Sweeping in its scope and entirely original in its approach, Empire of Guns is a masterful new work of history -- a rigorous historical argument with a human story at its heart.

    Stiglitz showed how a misplaced faith in free-market ideology led to many of the recent problems suffered by the developing nations. Here he turns the same light on the United States.The Roaring Nineties offers not only an insider's illuminating view of policymaking but also a compelling case that even the Clinton administration was too closely tied to the financial community—that along with enormous economic success in the nineties came the seeds of the destruction visited on the economy at the end of the decade.This groundbreaking work by the Nobel Prize-winning economist argues that much of what we understood about the 1990s' prosperity is wrong, that the theories that have been used to guide world leaders and anchor key business decisions were fundamentally outdated. Yes, jobs were created, technology prospered, inflation fell, and poverty was reduced. But at the same time the foundation was laid for the economic problems we face today. Trapped in a near-ideological commitment to free markets, policymakers permitted accounting standards to slip, carried deregulation further than they should have, and pandered to corporate greed. These chickens have now come home to roost.The paperback includes a new introduction that reviews the continued failure of the Bush administration's policies, which have taken a bad situation and made it worse.

    Vann Woodward's The Burden of Southern History remains one of the essential history texts of our time. In it Woodward brilliantly addresses the interrelated themes of southern identity, southern distinctiveness, and the strains of irony that characterize much of the South's historical experience. First published in 1960, the book quickly became a touchstone for generations of students. This updated third edition contains a chapter, "Look Away, Look Away," in which Woodward finds a plethora of additional ironies in the South's experience. It also includes previously uncollected appreciations of Robert Penn Warren, to whom the book was originally dedicated, and William Faulkner. This edition also features a new foreword by historian William E. Leuchtenburg in which he recounts the events that led up to Woodward's writing The Burden of Southern History, and reflects on the book's--and Woodward's--place in the study of southern history. The Burden of Southern History is quintessential Woodward--wise, witty, ruminative, daring, and as alive in the twenty-first century as when it was written.

    But the meeting at Bretton Woods in 1944 was different. It was the only time countries from around the world have agreed to overhaul the structure of the international monetary system. Against all odds, they were successful. The system they set up presided over the longest, strongest and most stable period of growth the world economy has ever seen. Its demise some decades later was at least partly responsible for the periodic economic crises that culminated in the financial collapse of the 2000s.But what everyone has always assumed to be a dry economic conference was in fact replete with drama. The delegates spent half the time at each other's throats and the other half drinking in the hotel bar. The Russians nearly capsized the entire project. The French threatened to walk out, repeatedly. All the while war in Europe raged on.At the very heart of the conference was the love-hate relationship between the Briton John Maynard Keynes, the greatest economist of his day, who suffered a heart attack at the conference itself and who was a true worldwide celebrity - and his American counterpart Harry Dexter White (later revealed to be passing information secretly to Russian spies). Both were intent on creating an economic settlement which would put right the wrongs of Versailles. Both were working to prevent another world war. But they were also working to defend their countries' national interests.Drawing on a wealth of unpublished accounts, diaries and oral histories, this brilliant book describes the conference in stunning color and clarity. Bringing to life the characters, events and economics and written with exceptional verve and narrative pace, this is an extraordinary debut from a talented new historian.

    With the rising global demand for cotton - and thus, slaves - in the 1840s and 1850s, the need for white laborers in the American South was drastically reduced, creating a large underclass who were unemployed or underemployed. These poor whites could not compete - for jobs or living wages - with profitable slave labor. Though impoverished whites were never subjected to the daily violence and degrading humiliations of racial slavery, they did suffer tangible socio-economic consequences as a result of living in a slave society. Merritt examines how these 'masterless' men and women threatened the existing Southern hierarchy and ultimately helped push Southern slaveholders toward secession and civil war.

    The millennial generation was the unfortunate victim of several generations of economic theories that made life harder for them than it was for their grandparents. Then came the crash of 2008, and the Boomer generation's reaction to it was brutal: politicians and policy makers made deliberate decisions that favored the interests of the Boomer generation over their heirs, the most egregious being over the use of monetary policy, fiscal policy and regulation. For the first time in recent history, policy makers gave up on investing for the future and instead mortgaged that future to pay for the ugly economic sins of the present. This book describes a new economic crisis, a sinister tectonic shift that is stealing a generation's future.

    In The Paranoid Style in American Politics, acclaimed historian Richard Hofstadter examines the competing forces in American political discourse and how fringe groups can influence — and derail — the larger agendas of a political party. He investigates the politics of the irrational, shedding light on how the behavior of individuals can seem out of proportion with actual political issues, and how such behavior impacts larger groups. With such other classic essays as “Free Silver and the Mind of 'Coin' Harvey” and “What Happened to the Antitrust Movement?”, The Paranoid Style in American Politics remains both a seminal text of political history and a vital analysis of the ways in which political groups function in the United States."Recent months have witnessed an attack of unprecedented passion and ferocity against the national government. The Republican Party has apparently embarked on a crusade to destroy national standards, national projects, and national regulations and to transfer domestic governing authority from the national government to the states. A near majority of the Supreme Court even seems to want to replace the Constitution by the Articles of Confederation…"Unbridled rhetoric is having consequences far beyond anything that antigovernment politicians intend. The flow of angry words seems to have activated and in a sense legitimized what the historian Richard Hofstadter called the 'paranoid strain' in American politics." - Arthur Schlesinger, Jr., Wall Street Journal, June 7, 1995

    Schlesinger, Jr., first revealed the sequences that governed American politics over the past two centuries in The Cycles of American History. In this updated edition, the prominent political historian continues to reflect on the "recurring struggle between pragmatism and idealism in the American soul" (Time). Faced with a new century, a new millennium, and social and technological revolutions, Schlesinger confronts the possibility of a revolution in American political cycles.

    Does America face the same destiny endured by ancient Rome? Is the U.S. military overextended? Does the separation of church and state strengthen or weaken a geopolitical powerhouse? Is the United States just another Empire of Conquest being corrupted by its own power? Of late, it is not only historians who have been asking these questions. Thomas Madden, an award-winning professor of history, now shows almost everything we thought we knew about Rome to be wrong, and revolutionizes our understanding of what a good world empire can be. Taking readers on a dramatic tour of the Roman Republic, a golden era before the depravities of the Caesars and late Empire, Madden uncovers a peaceful, retiring people who above all wanted to be left alone to enjoy their own families and communities, maintaining the rural traditions of their forebears. But external threats required them to establish security, which they did by creating superlative military forces and transforming defeated enemies into friends. Trust, not brutality, was the key ingredient. All other empires since have been Empires of Conquest—until now. Beginning with a Roman story strikingly parallel to the American Abu Ghraib scandal, Madden provides a much needed historical context to our burning contemporary debates. The United States can be an empire of trust, and Madden is on a mission to get pundits, candidates, and other election-year spectators—which means all of us—to recognize this profound duty.

    They offer a complete history of the Colonial period ofAmerican history, a period lost to students today, who are led to believeAmerican history begins with the US Constitution. Rothbard's ambition was to shed new light on Colonial history and show that the struggle for human liberty was the heart and soul of this land from its discovery through the culminating event of the American Revolution. These volumes are a tour de force, enough to establish Rothbard as one of the great American historians. Although a detailed narrative history of the struggle between liberty andpower, Rothbard offers a third alternative to the conventional interpretivedevices. Against those on the right who see the American Revolution as a"conservative" event, and those on the left who want to invoke it as somesort of proto-socialist uprising, Rothbard views this period as a time ofaccelerating libertarian radicalism. Through this prism, Rothbardilluminates events as never before. The volumes were brought out in the 1970s, but the odd timing and unevendistribution prevented any kind of large audience. They were beloved only by a few specialists, and sought after by many thanks to their outstandingreputation. The Mises Institute is pleased to be the publisher of the newlyavailable set. Volume One covers the discovery of the Americas and the colonies in the 17th century (531 pages, including index). Volume Two covers the period of "salutary neglect" in the first half of the18th century (294 pages, including index). Volume Three covers the advance to revolution, from 1760-1775 (373 pages, including index). Volume Four covers the political, military, and ideological history of therevolution and after (470 pages, including index). ABOUT THE AUTHOR:Murray N. Rothbard (1926-1995) distinguished himself as an economist, writing a major treatise on theory, several important economic histories, and a highly praised history of economic thought. But he was also known as the pioneer thinker of libertarianism, the political philosophy that roots freedom in private property ownership and decries the state as inherently contrary to the ethics of a free society. Writing from this perspective, he gained a reputation as the most provocative and influential contributor to the anarchist tradition in our century.