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Removing Obstacles on the Path to Economic Freedom1
Removing Obstacles on the Path to Economic Freedom1 John B. Taylor Mont Pelerin Society Fort Worth, Texas May 22, 2019 My remarks on removing obstacles on the path to economic freedom touch on themes raised at Mont Pelerin Society meetings for many years. But here I emphasize that the obstacles often change their form over time and pop up in surprising ways. I see two basic kinds of obstacles. First are obstacles based on claims that the principle ideas of economic freedom are wrong or do not work. The principle ideas of economic freedom include the rule of law, predictable policies, reliance on markets, attention to incentives, and limitations on government.2 This first kind of obstacle largely promotes the opposite of these principles, arguing that the rule of law should be replaced by arbitrary government actions, that policy predictability is no virtue, that market prices can be replaced by central decrees, that incentives matter little, and that government does not need to be restrained. Many were making such claims at the time that the Mont Pelerin Society was founded in 1947. Communist governments were taking hold. Socialism was creeping up everywhere. “The common objective of those who met at Mont Pelerin was undoubtedly to halt and reverse current political, social, and economic trends toward socialism,” as R. M. Hartwell described the first meeting in his history of the Mont Pelerin Society.3 Despite many successes, these claims have returned today in renewed calls for socialism and criticism of free market capitalism as a way to improved standards of living. -
The Mont Pelerin Society
A SPECIAL MEETING THE MONT PELERIN SOCIETY JANUARY 15–17, 2020 FROM THE PAST TO THE FUTURE: IDEAS AND ACTIONS FOR A FREE SOCIETY CHAPTER THIRTY-FOUR MAKING THE CASE FOR LIBERTY RUSSELL ROBERTS HOOVER INSTITUTION • STANFORD UNIVERSITY 1 1 MAKING THE CASE FOR LIBERTY Prepared for the January 2020 Mont Pelerin Society Meeting Hoover Institution, Stanford University Russ Roberts John and Jean De Nault Research Fellow Hoover Institution Stanford University [email protected] 1 2 According to many economists and pundits, we are living under the dominion of Milton Friedman’s free market, neoliberal worldview. Such is the claim of the recent book, The Economists’ Hour by Binyamin Applebaum. He blames the policy prescriptions of free- market economists for slower growth, inequality, and declining life expectancy. The most important figure in this seemingly disastrous intellectual revolution? “Milton Friedman, an elfin libertarian…Friedman offered an appealingly simple answer for the nation’s problems: Government should get out of the way.” A similar judgment is delivered in a recent article in the Boston Review by Suresh Naidu, Dani Rodrik, and Gabriel Zucman: Leading economists such as Friedrich Hayek and Milton Friedman were among the founders of the Mont Pelerin Society, the influential group of intellectuals whose advocacy of markets and hostility to government intervention proved highly effective in reshaping the policy landscape after 1980. Deregulation, financialization, dismantling of the welfare state, deinstitutionalization of labor markets, reduction in corporate and progressive taxation, and the pursuit of hyper-globalization—the culprits behind rising inequalities—all seem to be rooted in conventional economic doctrines. -
Markets Not Capitalism Explores the Gap Between Radically Freed Markets and the Capitalist-Controlled Markets That Prevail Today
individualist anarchism against bosses, inequality, corporate power, and structural poverty Edited by Gary Chartier & Charles W. Johnson Individualist anarchists believe in mutual exchange, not economic privilege. They believe in freed markets, not capitalism. They defend a distinctive response to the challenges of ending global capitalism and achieving social justice: eliminate the political privileges that prop up capitalists. Massive concentrations of wealth, rigid economic hierarchies, and unsustainable modes of production are not the results of the market form, but of markets deformed and rigged by a network of state-secured controls and privileges to the business class. Markets Not Capitalism explores the gap between radically freed markets and the capitalist-controlled markets that prevail today. It explains how liberating market exchange from state capitalist privilege can abolish structural poverty, help working people take control over the conditions of their labor, and redistribute wealth and social power. Featuring discussions of socialism, capitalism, markets, ownership, labor struggle, grassroots privatization, intellectual property, health care, racism, sexism, and environmental issues, this unique collection brings together classic essays by Cleyre, and such contemporary innovators as Kevin Carson and Roderick Long. It introduces an eye-opening approach to radical social thought, rooted equally in libertarian socialism and market anarchism. “We on the left need a good shake to get us thinking, and these arguments for market anarchism do the job in lively and thoughtful fashion.” – Alexander Cockburn, editor and publisher, Counterpunch “Anarchy is not chaos; nor is it violence. This rich and provocative gathering of essays by anarchists past and present imagines society unburdened by state, markets un-warped by capitalism. -
Liberty Magazine January 1995.Pdf Mime Type
The Bell Curve, Stupidity, and January 1995 Vol. 8, No.3 $4.00 You ~ ,.';.\, . ~00 . c Libertarian Bestsellers autographed by their authors - the ideal holiday gift! Investment Biker The story of a legendary Wall Street investor's·travels around the world by motorcycle, searching out new investments and adventures. "One of the most broadly appealing libertarian books ever published." -R.W. Bradford, LffiERTY ... autographed by the author, Jim Rogers. (402 pp.) $25.00 hard cover. Crisis Investing for the Rest of the '90s This perceptive classic updated for today's investor! "Creative metaphors; hilarious, pithy anecdotes; innovative graphic analyses." -Victor Niederhoffer, LffiERTY ... autographed by the author, Douglas Casey. (444 pp.) $22.50 hard cover. It Carne froIn Arkansas David Boaz, Karl Hess, Douglas Casey, Randal O'Toole, Harry Browne, Durk Pearson, Sandy Shaw, and others skewer the Clinton administration ... autographed by the editor, R.W. Bradford. (180 pp.) $12.95 soft cover. We the Living (First Russian Edition) Ayn Rand's classic novel ofRussia translated into Russian. A collector's item ... autographed by the translator, Dimitry Costygin. (542 pp.) $19.95 hard cover. The God of the Machine Isabel Paterson's classic defense of freedom, with a new introduction by Stephen Cox. Autographed by the editor. (366 pp.) $21.95 soft cover. Fuzzy Thinking: The New Science of Fuzzy Logic A mind-bending meditation on the new revolution in computer intelligence - and on the nature of science, philosophy, and reality ... autographed by the author, Bart Kosko. (318 pp.) $12.95 soft cover. Freedorn of Informed Choice: The FDA vs Nutrient Supplements A well-informed expose of America's pharmaceutical "fearocracy." The authors' "'split label' proposal makes great r----------------------------,sense." -Milton Friedman .. -
The Mont Pelerin Society: a MANDATE RENEWED
1 The Mont Pelerin Society: A MANDATE RENEWED By Deepak Lal Ladies and Gentlemen, Welcome to this special meeting of the MPS. In this address I would like to explain why it has been called at such short notice and how I hope it provides a renewal of the mandate our founders set for the society.1 After being anointed with the Presidency of this august body in Tokyo (in early September), my wife and I went on to a lecture tour in China. We were in Shanghai on a tour of the magnificent Suzhou industrial estate outside Shanghai, with MPS member Steven Cheung. On the afternoon of the 15th September Steve received a call on his Blackberry that Lehman Brothers had gone into bankruptcy. Steve opined that this marked the end of American capitalism. I thought this somewhat hyperbolic. But, on getting back to London at the end of September, as I was tending my roses, my neighbor, a Thatcherite heart surgeon, said over the hedge that, given the recent events in the capital markets, did I still stand by the views I had expressed in my last book on "Reviving the Invisible Hand".2 I replied that even a severe trade cycle downturn would not undermine the well tested classical liberal principles I had espoused. Though, Gordon Brown might be in trouble having repeatedly congratulated himself for having abolished boom and bust. Two subsequent events shattered this complacency. I had been following a political betting site called Betfair on which some youngsters at the Tokyo MPS meeting were placing bets on a McCain victory. -
Speaking of Liberty
Speaking of Liberty Llewellyn H. Rockwell, Jr. Patrons The Mises Institute dedicates this volume to all of its generous donors, and in particular wishes to thank these Patrons: Anthony Deden, Christopher P. Condon, Hugh E. Ledbetter, Mr. and Mrs. William W. Massey, Jr., Roger Milliken, Mr. and Mrs. R. Nelson Nash, Stephenson Family Foundation, Mr. and Mrs. Willard Fischer / Fisher Printing, Inc., Douglas E. French, Don Printz, M.D., Frederick L. Maier, James Bailey / James Bailey Foundation, Mr. and Mrs. J.R. Bost, James W. Frevert, Jule R. Herbert, Jr., Julie Lauer-Leonardi, Mr. and Mrs. William Lowndes, III, William S. Morris, III / Morris Communications Corp., Donald Mosby Rembert, top dog™, James M. Rodney, Mr. and Mrs. Joseph P. Schirrick in memory of Jeannette Zummo, Mr. and Mrs. Michael Shaw, Joe Vierra, Robert H. Walker / Walker Die Casting Company ^ Andreas Acavalos, Robert B. Allan, Anonymous, Richard Bleiberg, Dr. V.S. Boddicker, John Hamilton Bolstad, Ronald Bridges, Paul H. Casey, Mr. and Mrs. John C. Cooke, Kerry E. Cutter, Carl A. Davis / Davis-Lynch, Inc., Mr. and Mrs. Charles F. de Ganahl, Eric Englund, Dr. Larry J. Eshelman, Charles Groff, Charley Hardman, Horace H. Harned, Frank W. Heemstra, Jeremy Horpedahl, Dr. and Mrs. Robert D. Hurt, Martin Jungbluth, W. Thomas Kelly, Lucille Lane, Joe R. Lee, John M. Leger, Dr. Floy Lilley, Arnold Lisio, M.D., Arthur L. Loeb, Björn Lundahl, Samuel Medrano, M.D., in honor of Lupe C. Medrano, Joseph Edward Paul Melville, Robert Mish, Brantley I. Newsom, James O’Neill, Mr. and Mrs. Ronald L. Peterson, Robert M. -
Nine Lives of Neoliberalism
A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Plehwe, Dieter (Ed.); Slobodian, Quinn (Ed.); Mirowski, Philip (Ed.) Book — Published Version Nine Lives of Neoliberalism Provided in Cooperation with: WZB Berlin Social Science Center Suggested Citation: Plehwe, Dieter (Ed.); Slobodian, Quinn (Ed.); Mirowski, Philip (Ed.) (2020) : Nine Lives of Neoliberalism, ISBN 978-1-78873-255-0, Verso, London, New York, NY, https://www.versobooks.com/books/3075-nine-lives-of-neoliberalism This Version is available at: http://hdl.handle.net/10419/215796 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der dort Content Licence (especially Creative -
James M. Buchanan Jr. [Ideological Profiles of the Economics Laureates] Niclas Berggren Econ Journal Watch 10(3), September 2013: 292-299
James M. Buchanan Jr. [Ideological Profiles of the Economics Laureates] Niclas Berggren Econ Journal Watch 10(3), September 2013: 292-299 Abstract James M. Buchanan Jr. is among the 71 individuals who were awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel between 1969 and 2012. This ideological profile is part of the project called “The Ideological Migration of the Economics Laureates,” which fills the September 2013 issue of Econ Journal Watch. Keywords Classical liberalism, economists, Nobel Prize in economics, ideology, ideological migration, intellectual biography. JEL classification A11, A13, B2, B3 Link to this document http://econjwatch.org/file_download/718/BuchananIPEL.pdf ECON JOURNAL WATCH James M. Buchanan Jr. by Niclas Berggren6 James M. Buchanan (1919–2013) was born in rural Tennessee under rather simple circumstances: “It was a very poor life,” he says (Buchanan 2009, 91). Still, he ended up, in 1986, as a recipient of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. The Prize was awarded “for his development of the contractual and constitutional bases for the theory of economic and political decision-making.” Buchanan earned his Ph.D. in economics from the University of Chicago in 1948 and was thereafter a professor at the University of Tennessee, Florida State University, the University of Virginia, UCLA, Virginia Polytechnic Institute, and George Mason University. In spite of his academic accomplishments, Buchanan felt himself to be apart from an established elite—academic, intellectual or political—and he even regarded that elite with suspicion. The attitude can be connected to Buchanan’s ideological convictions and how these changed over the course of his lifetime. -
Rivista Di Scienze Storiche E Sociali Rivista Scientifica Semestrale Fondata Nell’Anno 2015
Rivista di scienze storiche e sociali Rivista scientifica semestrale fondata nell’anno 2015 www.StoriaLibera.it [email protected] Anno VII (2021), n. 13 ISSN 2421-0269 Direttore Beniamino Di Martino Capo Redattore Rosa Castellano [email protected] Redazione + Maria Rosaria Abagnale Cesarano Michele Arpaia Antonio Caragliu Giovanni Chierchia Bernardo Ferrero Rosa Saviano Lucia Sorrentino Antonino Trunfio Accanto ai redattori, la Redazione si avvale della collaborazione di altri otto coadiutori. Altre informazioni sono sul sito web della rivista. StoriaLibera anno VII (2021), n. 13 Direzione presso Beniamino Di Martino via Motta Carità, 43 80050 Santa Maria la Carità (Napoli) [email protected] Editore Monolateral PO Box 940451 Plano, Texas (USA) 75094 https://monolateral.com Gli elaborati pubblicati su «StoriaLibera» sono sottoposti a controllo di qualità secondo la procedura della peer review in doppio cieco. I contenuti degli articoli sono di esclusiva responsabilità degli autori. Gli autori cedono i propri contributi alla rivista gratuitamente. Anche ogni altro tipo di collaborazione alla rivista è offerta a titolo totalmente volontario e gratuito. I fascicoli della rivista vengono preparati con cadenza semestrale e vengono diffusi on line a gennaio (numero invernale) e a luglio (numero estivo). La data di uscita di ciascun numero è riportata nell’ultima pagina del fascicolo. I testi contenuti nei fascicoli della rivista sono protetti da copyright. La riproduzione, anche parziale, deve essere svolta citando con precisione -
Matt Mackenzie DRAFT 12/06 Exploitation: a Dialectical Anarchist
Matt MacKenzie DRAFT 12/06 Exploitation: A Dialectical Anarchist Perspective In his 1985 paper, “Should Marxists Be Interested in Exploitation?,” John Roemer1 suggests that contemporary Marxists should be less interested in exploitation than has been the case historically. Taking my cue from Roemer, in this paper I shall ask: should libertarians be interested in exploitation? It seems to me that, as a matter of fact, many contemporary libertarians are either relatively uninterested in or suspicious of the concept of exploitation—though the same is not true of 19th and early 20th century libertarians. Of course, it will readily be admitted that the state exploits its citizens, but this will be understood primarily in terms of the apparently more basic concepts of coercion, oppression, and theft. Thus, it might be said, the claim of exploitation adds nothing substantive to the libertarian critique of the state. In addition, it could be argued, there are reasons to be suspicious of claims of exploitation. For, in broader public discourse, the term too often seems to be a stand-in for mere disapproval. And when the term is given more definite content, it often involves assumptions about politics and economics that are unacceptable from a libertarian point of view. Despite these considerations, I will answer the question in the affirmative—libertarians should be interested in exploitation. Furthermore, I will argue that an appropriately comprehensive libertarianism should recognize, 1) that there are both coercive and non-coercive forms of exploitation, 2) that state capitalist societies are pervasively exploitative, and 3) that exploitation deserves an appropriately, though not exclusively, political response. -
Markets, Firms and Property Rights a Celebration of the Research of Ronald Coase
Markets, Firms and Property Rights A Celebration of the Research of Ronald Coase Friday, December 4, and Saturday, December 5, 2009 University of Chicago Law School Auditorium This Conference brings together a group of scholars to honor the life and research of Ronald Coase. 2009 marks the 50th anniversary of the publication of Coase’s seminal paper on the Federal Communications Commission. 2010 marks the 50th anniversary of the publication of his paper on “The Problem of Social Cost,” and his 100th birthday. The presentations on this occasion cover specific topics on which Coase’s work has exerted profound influence, including such areas as telecommunications policy, airline regulation and development, environmental economics, economic development, organization of the firm, and general discussions of the questions of transactions costs and social rationality to which he has contributed so much. With Special Thanks The Conference is being organized by Richard A. Epstein of the University of Chicago, Thomas Hazlett of George Mason University, and Roger Noll and Greg Rosston of Stanford University. These papers shall be published in special issues of the Journal of Law and Economics and the Journal of Legal Studies. The public is invited. For additional information, please visit http://iep.gmu.edu/CoaseConference.php. Sponsors John M. Olin Program in Law and Economics at the University of Chicago Law School Stanford Institute for Economic Policy Research Information Economy Project at George Mason University Ewing Marion Kauffman Foundation Milton Friedman Institute for Research in Economics George J. Stigler Center for the Study of the Economy and the State China Center for Economic Research Lynde and Harry Bradley Foundation Participants Gary Becker Zhimin Liao Omri Ben-Shahar Gary Libecap Lee Benham Thomas Merrill Xiaofang Chen Roger Noll Lennon H.T. -
The Man from Mars Who Is This Guy Challenging Lech .....Ian Ua.....Ry 199 1 V O 14, N O3 $4 ,00 Walesa, Anyway?
The Man From Mars Who is this guy challenging Lech .....Ian_ua.....ry_199_1 V_o_14,_N_o3 $4_,00 Walesa, anyway? ''5!{{ ofourgreatness was 60rn ofLi6erty. II -John Peter .9l{tge{tf Mint State $5 Liberty $225! During the past few weeks, the only $225. ly small, averaging less than 300,000. collapse of the organized market for That's the lowest price in more The $5.00 Liberty was issued at a so-called "investor" coins has created than a decade! time when the United States was on a an unprecedented opportunity to ac Much rarer than $20 Liberty gold standard. Gold coins were the quire certain classic, old U.S. gold or $20 St Gaudensl sinews of the prosperity that free men coins at remarkably low prices. The $5.00 Liberty is much rarer acting in an economy free from gov U.S. gold coins have long been ernment control could create. considered the "blue chip" of rare than the popular (and more expen sive!) $20 St Gaudens or $20 Liberty. And the $5 Liberty circulated coins. And for good reason: they widely, unlike the $20 gold coins The chart at the bottom of the page have a long term track record of safe which were held as reserves by banks. compares the rarity of these three gold ty and capital gain that goes back As a result, it is much rarer today than decades. coins. By every measuring standard, the its relative mintage figures would An unprecedented bargainl $5.00 Liberty is the rarest of the three. suggest. In terms of average mintage, the $5 But the panic in the market for ex Liberty is more than 3 times rarer than Professionally Certified tremely high grade certified rare the $20 Liberty and almost 5 times rar This offering of $5.00 Liberty gold coins has carried over even into blue coins consists solely of specimens cer er than the $20 St Gaudens.