The starting point of praxeology, i.e., the logic of human action, is a self-evident truth. As economist Ludwig von Mises noted, this truth is “the cognition of the fact that there is such a thing as consciously aiming at ends.” Praxeology describes the invariant...
Michael Liebowitz invited me back to talk about whether we should have a government.
I sat down recently with LiquidZulu to talk about anarcho-capitalism, Objectivism, and other things.
I'm pretty sure I won't be around long enough to see anarcho-capitalism—or what I call market-ordered anarchism—prevail in the United States. I'm just as sure that I won't see government strictly limited to protecting individual rights and never violating them (if...
From each according to his freely undertaken contribution to the creation of wealth. To each according to the same.
On December 5, 1886, on a windswept homestead near De Smet in Dakota Territory, Rose Wilder Lane entered a world of adversity. She was the only surviving child of Laura Ingalls and Almanzo Wilder. Within a few short years her family’s cabin burned, her parents were...
Henry Hazlitt’s life story reads like a microcosm of the American century. Born in Philadelphia on November 28, 1894, he lost his father in infancy and left the City College of New York to support his widowed mother. In the fluid labor market of the time he bounced...
Free-marketeers have long pointed out a particular asymmetry between capitalism and socialism (whether of the international or national variety). While anyone in a capitalist society would have a right to engage in socialism (as anyone can do now in our hampered...
