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Frank A. Fetter, Chapter 20: Business Price Practices and Social Price Policies
Competition as a social price policyThe political organization and legal institutions of all nations, in their treatment of private property and the rights of citizens, involve various social price...
View ArticleA Libertarian Student's Plea
[This appears to have been written while Professor Raico was a university student. No date is given. The paper was found in a folder in the Rothbard Papers.]As a university student, as an heir of the...
View ArticleMarx's Theory of Stages: The Withering Away of the State Under Socialism
[This "report" appears to have been written while Professor Raico was a university student. No date is given. The paper was found in a folder in the Rothbard Papers that included several unpublished...
View ArticleThe Economist's Duty
[This series of four articles is a condensation of chapters in Human Action, by Ludwig von Mises, which deal with various forms of government interference with the free market. They were published in...
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Tax Day
[This unsigned editorial, written by Murray N. Rothbard, appeared in the April 15, 1969, issue of The Libertarian (soon to become The Libertarian Forum).]April 15, that dread Income Tax day, is around...
View ArticleA Tribute to F.A. von Hayek
Written to be Presented at a Banquet in Hayek's Honor, Chicago, May 24, 1962I am sorry that a combination of causes — geography, my busy schedule and no less my age — make it impossible for me to...
View ArticleWar, Peace, and the State
The libertarian movement has been chided by William F. Buckley, Jr., for failing to use its "strategic intelligence" in facing the major problems of our time. We have, indeed, been too often prone to...
View ArticleFor the Better Economic Life
[Condensed from The Story of Research by E.J. duPont deNemours & Company, and the address of the Company's President, Crawford H. Greenewalt, May 10, 1951.] Women were not freed from their 18th...
View ArticlePower Corrupts
When a person gains power over other persons — to do his bidding when they do not believe it right to do so — it seems inevitable that a moral weakness develops in the person who exercises that power....
View ArticleOn Foreign Trade
[Excerpted from Chapter VII of Principles of Political Economy and Taxation (1817). Ricardo, an economist of the "Classical School," deserves credit for having been among the first to point out the...
View ArticleSalute to Von Mises: For 92 Years He Has Fought the Good Fight
(Reprinted by courtesy of Barron’s National Business and Financial Weekly, October 1, 1973 issue, and with permission of Dr. Henry Hazlitt.) Last Saturday marked the 92nd birthday of Ludwig von Mises,...
View ArticleOn The Duty Of Natural Outlaws To Shut Up
[This article originally appeared in the publication New Libertarian in April 1985.] Since anarchists and other libertarians are, to say the least, an embattled minority, we have tended to be...
View ArticleHuman Action: A Chapter-by-Chapter Summary
Download the pdf version here. Introduction Economics is the youngest of all sciences. But it opened to human science a domain previously inaccessible and never thought of — the regularity in the...
View ArticleAustrian Economics and the Transaction Cost Approach to the Firm
[Originally published in Libertarian Papers 1, 39 (2009)] As the transaction cost theory of the firm was taking shape in the 1970s, another important movement in economics was emerging: a revival of...
View ArticleThe Root of Old Hickory
[Previously unpublished online; Faith and Freedom 2, no. 9 (May 1951).] Tempestuous "Old Hickory" has been one of the great storm centers of historical controversy. The old-line historian, who...
View ArticleJefferson's Philosophy
[Previously unpublished online; Faith and Freedom 2, no. 7 (March 1951).] Jeffersonian or Hamiltonian? Every college student, indeed every literate person, is expected to choose up sides and pin a...
View ArticleLet's Defend Capitalism
The World is locked today in a fierce war of ideologies, in some ways strangely resembling the wars of religion in the Middle Ages. The doctrinal points at issue in those wars have become...
View ArticleOn Freedom and Free Enterprise
[Review of On Freedom and Free Enterprise: Essays in Honor of Ludwig von Mises, edited by Mary Sennholz; on the occasion of the fiftieth anniversary of Mises's doctorate, February 20, 1956).] Nineteen...
View ArticleThe Edict of Diocletian: A Case Study in Price Controls and Inflation
[Previously unpublished online; Faith and Freedom 1, no. 4 (March 1950).] Citizens of the old Roman Empire distrusted paper currency and refused to accept anything but gold or silver coin as money. So...
View ArticleThe Poor Laws of England
One would get the impression, reading most of the discussions in today's American newspapers and magazines, that no one had ever thought of doing anything for the poor until Franklin Roosevelt's New...
View ArticleFrank S. Meyer: The Fusionist as Libertarian
Until a few years ago, the conservative spectrum could be comfortably sundered into the "traditionalists" at one pole, the "libertarians" at the other, and the "fusionists" as either judicious...
View ArticleNot Worth a Continental
[Previously unpublished online; Faith and Freedom 1, no. 3 (February 1950).] When the war of the American Colonies against the British Crown broke out in 1775, the money supply of the Colonies...
View ArticleJesús Huerta de Soto: The Synthesizer of the Austrian School
[Originally printed in the journal Procesos de Mercado: Revista Europea de Economía Política 14, no. 2 (Autumn 2017).] 1. Personal Life and Career 1.1 Early Life Prof. Jesús Huerta de Soto Ballester is...
View ArticleCodes to Live By
[Note: Henry Hazlitt considered The Foundations of Morality to be his most important work. The following two reviews of that book were found in one of the many boxes of papers generously given to the...
View ArticleThe Why of Human Action
[Found among the papers of Bettina Bien Greaves and reprinted from Plain Talk (1949), Editor's comment: Those millions of illiterate and semi-literate armed men now in action from the borders of the...
View ArticleLudwig von Mises: An Appreciation
[This article appears online for the first time and is reprinted from The Alternative: An American Spectator (February 1975), where it appeared under the title "Ludwig von Mises."] It is said that a...
View ArticleThe Right Not To Testify
[This originally appeared in Libertarian Review in November 1978.] Libertarians surely favor freedom of speech, that is, the right to speak without being hampered by the government. But the right to...
View ArticleCan We Still Avoid Inflation?
This text is also available in audio format. This essay was originally given as a lecture before the Trustees and guests of the Foundation for Economic Education at Tarrytown, New York on May 18, 1970,...
View ArticleA Biography of Henry Hazlitt
The art of economics consists of looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but...
View ArticleFrank A. Fetter, Chapter 19: Cost-Prices, Product-Prices, and Profits
The roundabout or technological process"Production" is the general term for the natural and artificial processes by which indirect goods (or uses) are combined and advanced one or more stages toward...
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