Toward a Libertarian Strategy for Academic Change: the Movement Building of Peter Boettke
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Causes and Consequences of the Inflation Taxi
Causes and Consequences of the Inflation Taxi Abstract: While ethical implications of direct taxation systems have recently received renewed attention, a more veiled scheme remains unnoticed: the inflation tax. We overview the causes of inflation, and assess its consequences. Salient wealth redistributions are a defining feature of inflation, as savers and fixed income individuals see a relative wealth reduction. While evasion of this tax is difficult in many instances due to the primacy of money in a monetary economy, the tax codes of most developed countries allow avoidance techniques to be employed. We analyze the ways that inflation taxes may be avoided in an attempt to preserve personal wealth, as well as the consequences of such practices. 1 Causes and Consequences of the Inflation Tax Introduction Much recent literature focuses on the ethics of direct taxation (Joel Slemrod 2007; Bagus et al. 2011; Robert W. McGee 2012c). Whether income and consumption taxes are coercively imposed on both consumers and producers has long been contested. Being this as it may, taxes can be, and often are, remitted to the government voluntarily as if they were not reliant on their coercive imposition. In this case we are led to believe that there is no difference between taxation and voluntarily donations of money to the government –both will result in spending that is consistent with taxpayers’ desires. The curiosity that arises is that if people did not donate money voluntarily to the government, neither coercion nor taxation would be necessary.ii However, the degree of “voluntariness” of the governing process implementing taxation cannot affect the core nature of the problem (Robert McGee 1994). -
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. -
Peter J. Boettke
PETER J. BOETTKE BB&T Professor for the Study of Capitalism, Mercatus Center at George Mason University, & University Professor of Economics and Philosophy Department of Economics, MSN 3G4 George Mason University Fairfax, VA 22030 Tel: 703-993-1149 Fax: 703-993-1133 Web: http://www.peter-boettke.com http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=182652 http://www.coordinationproblem.org PERSONAL Date of birth: January 3, 1960 Nationality: United States EDUCATION Ph.D. in Economics, George Mason University, January, 1989 M.A. in Economics, George Mason University, January, 1987 B.A. in Economics, Grove City College, May, 1983 TITLE OF DOCTORAL THESIS: The Political Economy of Soviet Socialism, 1918-1928 PROFESSIONAL EXPERIENCE Academic Positions 1987 –88 Visiting Assistant Professor, Department of Economics, George Mason University 1988 –90 Assistant Professor, Department of Economics, School of Business Administration, Oakland University, Rochester, MI 48309 1990 –97 Assistant Professor, Department of Economics, New York University, New York, NY 10003 1997 –98 Associate Professor, Department of Economics and Finance, School of Business, Manhattan College, Riverdale, NY 10471 1998 – 2003 Associate Professor, Department of Economics, George Mason University, Fairfax, VA 22030 (tenured Fall 2000) 2003 –07 Professor, Department of Economics, George Mason University, Fairfax, VA 22030 2007 – University Professor, George Mason University 2011 – Affiliate Faculty, Department of Philosophy, George Mason University FIELDS OF INTEREST -
A Response to the Libertarian Critics of Open-Borders Libertarianism
LINCOLN MEMORIAL UNIVERSITY LAW REVIEW __________________________________ VOLUME 4 FALL 2016 ISSUE 1 ____________________________________ A RESPONSE TO THE LIBERTARIAN CRITICS OF OPEN-BORDERS LIBERTARIANISM Walter E. Block, Ph.D. Harold E. Wirth Eminent Scholar Endowed Chair and Professor of Economics Joseph A. Butt, S.J. College of Business I. INTRODUCTION Libertarians may be unique in many regards, but their views on immigration do not qualify. They are as divided as is the rest of the population on this issue. Some favor open borders, and others oppose such a legal milieu. The present paper may be placed in the former category. It will outline both sides of this debate in sections II and III. Section IV is devoted to some additional arrows in the quiver of the closed border libertarians, and to a refutation of them. We conclude in section V. A RESPONSE TO THE LIBERTARIAN CRITICS OF OPEN-BORDERS LIBERTARIANISM 143 II. ANTI OPEN BORDERS The libertarian opposition to free immigration is straightforward and even elegant.1 It notes, first, a curious bifurcation in international economic relations. In the case of both trade and investment, there must necessarily be two2 parties who agree to the commercial interaction. In the former case, there must be an importer and an exporter; both are necessary. Without the consent of both parties, the transaction cannot take place. A similar situation arises concerning foreign investment. The entrepreneur who wishes to set up shop abroad must obtain the willing acquiescence of the domestic partner for the purchase of land and raw materials. And the same occurs with financial transactions that take place across 1 Peter Brimelow, ALIEN NATION: COMMON SENSE ABOUT AMERICA’S IMMIGRATION DISASTER (1995); Jesús Huerta De Soto, A Libertarian Theory of Free Immigration, 13 J. -
Liberty, Property and Rationality
Liberty, Property and Rationality Concept of Freedom in Murray Rothbard’s Anarcho-capitalism Master’s Thesis Hannu Hästbacka 13.11.2018 University of Helsinki Faculty of Arts General History Tiedekunta/Osasto – Fakultet/Sektion – Faculty Laitos – Institution – Department Humanistinen tiedekunta Filosofian, historian, kulttuurin ja taiteiden tutkimuksen laitos Tekijä – Författare – Author Hannu Hästbacka Työn nimi – Arbetets titel – Title Liberty, Property and Rationality. Concept of Freedom in Murray Rothbard’s Anarcho-capitalism Oppiaine – Läroämne – Subject Yleinen historia Työn laji – Arbetets art – Level Aika – Datum – Month and Sivumäärä– Sidoantal – Number of pages Pro gradu -tutkielma year 100 13.11.2018 Tiivistelmä – Referat – Abstract Murray Rothbard (1926–1995) on yksi keskeisimmistä modernin libertarismin taustalla olevista ajattelijoista. Rothbard pitää yksilöllistä vapautta keskeisimpänä periaatteenaan, ja yhdistää filosofiassaan klassisen liberalismin perinnettä itävaltalaiseen taloustieteeseen, teleologiseen luonnonoikeusajatteluun sekä individualistiseen anarkismiin. Hänen tavoitteenaan on kehittää puhtaaseen järkeen pohjautuva oikeusoppi, jonka pohjalta voidaan perustaa vapaiden markkinoiden ihanneyhteiskunta. Valtiota ei täten Rothbardin ihanneyhteiskunnassa ole, vaan vastuu yksilöllisten luonnonoikeuksien toteutumisesta on kokonaan yksilöllä itsellään. Tutkin työssäni vapauden käsitettä Rothbardin anarko-kapitalistisessa filosofiassa. Selvitän ja analysoin Rothbardin ajattelun keskeisimpiä elementtejä niiden filosofisissa, -
Exchange, Production, and Samaritan Dilemmas
Munich Personal RePEc Archive Exchange, production, and Samaritan dilemmas Boettke, Peter George Mason University 2010 Online at https://mpra.ub.uni-muenchen.de/33199/ MPRA Paper No. 33199, posted 06 Sep 2011 15:13 UTC Exchange, Production, and Samaritan Dilemmas ∗ + Peter Boettke and Adam Martin Libertarians are surprisingly comfortable with basic income policy and related proposals. The classic statement, of course, is Milton Friedman’s ‘negative income tax’ proposal from Capitalism and Freedom (1962). Though the demand for a “basic income policy” is different in the sense that it is usually associated with an unconditional guarantee to an income to each citizen in the absence of a means test and any work requirement, the negative income tax proposal was designed to be administratively cost cutting with respect to welfare policies while operationalizing the intent of a basic income policy to provide citizens with the financial floor required for human dignity. Charles Murray (2006, 2008) has defended it as a potential compromise between libertarians and liberals as a measure replacing the welfare state. Hayek (1944, 1960), while lambasting proposals to engineer the overall pattern of income distribution, defends the idea of a minimum income floor, one of the primary aims of basic income advocates. And libertarian economists have long recognized that, given the existence of redistribution, simple cash transfers are preferable to the bureaucratic machinery necessary for rationing specific goods. We take issue with this conciliatory attitude. Though it is beyond the scope of this short essay to present anything like a comprehensive appraisal of basic income policy ∗ University Professor of Economics at George Mason University, and BB&T Professor for the Study of Capitalism at Mercatus Center. -
Anarchism and Austrian Economics
View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by Munich Personal RePEc Archive MPRA Munich Personal RePEc Archive Anarchism and Austrian economics Peter Boettke George Mason University 2011 Online at https://mpra.ub.uni-muenchen.de/33069/ MPRA Paper No. 33069, posted 30. August 2011 16:16 UTC Anarchism and Austrian Economics Peter Boettke I. Introduction It is a great honor for me to give the Cuhel Memorial Lecture at the Prague Conference on Political Economy for 2011. Franz Cuhel rightly holds an honored place in the development of the pure theory of the Austrian school of economics.1 Ludwig von Mises credits Cuhel (1907) with providing the first presentation of a strict ordinal marginal utility analysis. The confusion in choice theory that eventually lead to the purging of the human element in the economic analysis of decision making would have been avoided had Cuhel’s ordinal presentation of marginal utility analysis been more widely accepted. Instead, it was for Mises (1949) and later Rothbard (1962b) to develop that presentation and offer it as an alternative to the neoclassical theory of microeconomics that developed after John Hicks’ (1939) Value and Capital. The implications, I would argue, are far greater than the technical issues of ordinal versus cardinal utility and the subsequent debate among ordinal utility theorists of marginal utility analysis and demonstrated preference versus marginal rates of substitution and indifference curve analysis, etc. The implications of the debate in choice theory go to core of how we view the individual that we study in economics.2 The University Professor of Economics at George Mason University, and BB&T Professor for the Study of Capitalism at the Mercatus Center. -
Beyond Individualism and Spontaneity: Comments on Peter Boettke and Christopher Coyneଝ Michael D
Journal of Economic Behavior & Organization Vol. 57 (2005) 167–172 Beyond individualism and spontaneity: Comments on Peter Boettke and Christopher Coyneଝ Michael D. McGinnis ∗ Department of Political Science, Woodburn Hall 210, 1100 E. 7th Street, Indiana University, Bloomington, IN 47405-6001, USA Received 30 January 2004; received in revised form 1 May 2004; accepted 7 June 2004 Available online 26 February 2005 Abstract This paper builds on the work of Boettke and Coyne that locates the research of Elinor and Vincent Ostrom and their Workshop colleagues within a broad intellectual tradition of long duration. It is argued that the Ostroms and the rest of the Workshop have made rather substantial departures beyond these intellectual forebears than may be evident from Boettke and Coyne’s overview. Specific focus is placed on two of the major points that they discuss: methodological individualism and spontaneous order. © 2005 Elsevier B.V. All rights reserved. JEL classification: B4 Keywords: Elinor Ostrom; Vincent Ostrom; Methodological individualism; Spontaneous order I want to thank Peter Boettke and Christopher Coyne for writing this excellent back- ground paper locating the research of Elinor and Vincent Ostrom and their Workshop colleagues within a broad intellectual tradition of long duration. I have been associated with the Workshop for a little over ten years now, and it is reassuring to realize that I am ଝ Prepared for presentation at the Academic Conference in Honor of the Work of Elinor and Vincent Ostrom, George Mason University Law School, November 7, 2003. ∗ Tel.: +1 812 855 8784/0441; fax: +1 812 855 2027. E-mail address: [email protected]. -
The Minimum Wage Once Again by Walter Block* There Is a Great Cognitive Dissonance Between What Is Commonly Taught in Economics
The Minimum Wage Once Again by Walter Block* There is a great cognitive dissonance between what is commonly taught in economics and what passes for sound public policy analysis within the beltway of Washington D.C. Nowhere is a more stark example of this to be found than in the case of the minimum wage law. Many students know that a minimum wage law exacerbates unemployment, particularly for low-skilled, youthful, and minority males. Card and Krueger (1994, p. 792) even characterize this claim as "the central prediction of the textbook model of the minimum wage," but attempt to undermine it their article. In what might be called "the political economy" of minimum wage legislation, we must take note of the fact that instead of following the received wisdom of the economics profession in this case1, the Clinton Administration’s recent legislative proposals have seen fit to follow the lead of Card and Krueger (CK). Why? Although this can only be speculative, one reason for President Clinton's support of the CK study may be that it is consonant with the position of organized labor. Unions favor minimum wages since they are always in competition with low wage labor; when unskilled labor costs are legislatively increased, this factor of production becomes less competitive with union’s own supply of labor to the market. That is, suppose a union were to demand an increase in their wage from $17 to $20 per hour. The natural reaction of the employer would be to decrease its demand for this now more expensive factor of production, skilled union labor, and to replace it with a substitute factor, unskilled labor.2 And, without a minimum wage law, this would always be a potent threat, limiting the demands for wage increases on the part of unions. -
New Contributions to the Entrepreneurial Theory of Social and Cultural Change MISES: Interdisciplinary Journal of Philosophy Law and Economics, Vol
MISES: Interdisciplinary Journal of Philosophy Law and Economics ISSN: 2318-0811 ISSN: 2594-9187 Instituto Ludwig von Mises - Brasil Casas, Vicente Moreno New contributions to the entrepreneurial theory of social and cultural change MISES: Interdisciplinary Journal of Philosophy Law and Economics, vol. 8, e202081269, 2020 Instituto Ludwig von Mises - Brasil DOI: 10.30800/mises.2020.v8.1269 Available in: http://www.redalyc.org/articulo.oa?id=586363381013 How to cite Complete issue Scientific Information System Redalyc More information about this article Network of Scientific Journals from Latin America and the Caribbean, Spain and Journal's webpage in redalyc.org Portugal Project academic non-profit, developed under the open access initiative www.misesjournal.org.br MISES: Interdisciplinary Journal of Philosophy Law and Economics São Paulo, 2020; 8 e-ISSN 2594-9187 ORIGINAL RESEARCH ARTICLE New contributions to the entrepreneurial theory of social and cultural change Vicente Moreno CasasI 0000-0003-1194-4851 Loyola University, Dos Hermanas, Seville, Spain Abstract: This paper combines the theoretical framework developed by Coyne and Boettke (2009) about an entrepreneurial theory of social and cultural change, with the contributions of Huerta de Soto (2010) about the impossibility of economic calculation in socialism. With this synthesis, the entrepreneurial theory of social and cultural change is reinforced to (1) refute any political action aimed to achieve social and cultural changes, and (2) to claim the entrepreneur as the driving force of all social phenomena. The paper concludes that, as in the market sphere, the government cannot effectively implement policies oriented to social and cultural change, since it cannot acquire the knowledge necessary to plan society and social relationships. -
Contra Davidson on Counterfeiting, Round Two
Contra Davidson on Counterfeiting, Round Two Contra Davidson en torno a la falsificación, segundo asalto WALTER E. BLOCK Loyola University New Orleans [email protected] Abstract: Libertarians and non libertarians alike agree that counterfeiting legitimate money owned by innocent people is illicit. But what about counterfeiting counterfeit money owned by the guiltless? Davidson and I, both libertarians, take the position that this would be a rights violation; that this would violate the rights of innocent owners of currency, who would be victimized by such fraudulent behavior of counterfeiters, even those who limit themselves to counterfeiting counterfeit funds. But what about counterfeiting counterfeit money owned by those who are guilty of crimes? Davidson (2013) opines, in effect, that there are no such people. The counterfeiter of counterfeit money is thus himself a criminal, she avers. I argue, very much to the contrary, that the relevant population consists mostly of guilty people, and thus they are not in a logical position to object to what would otherwise be considered victimization. As for the few innocents among them, they demonstrate their innocence to a large degree by not objecting to the counterfeiting of counterfeit money. If they do object, and take actions to prevent this practice, they act in a manner incompatible with the libertarian non aggression principle (NAP) and thus enter the ranks of the guilty. I find Davidson’s (2013) economic analysis impeccable; her understanding of libertarianism highly problematic. In the interests of full disclosure, I should make it clear that the present paper contains the radical suggestion that we should do away with our established monetary —and financial system. -
Murray Rothbard
Murray Rothbard Here are some parts that I have marked in my copy of the book“Murray Rothbard” by Gerard Casey. Murray Rothbard 1.“Murray Rothbard was an economist, historian, political and moral philosopher, and legal theoretician. Rothbard’s work in these diverse social science disciplines was unified by a passionate and resolute commitment to libertarianism. The particular brand of libertarianism that Rothbard espoused may be characterized as ‘anarcho-capitalism’. Whereas conventional libertarianism implies a belief that only a minimal state which does no more than provide a basic framework of the rule of law and the protection of private property rights may be justified, anarcho-capitalism implies a belief that even the legal system may be provided privately without the need for a coercive collective authority. Hence, anarcho-capitalists envisage a society where the traditional role of government is wholly subsumed by private, profit-making enterprises and all social relationships are ultimately founded upon consent.” 2.“Rothbard’s unique intellectual contribution was to build this system of thought from many pre-existing but previously disparate strands and to develop it to its logical (some would say extreme) conclusion.” www.capitalideasonline.com Page - 1 Murray Rothbard 3.“Rothbard’s starting points, then, were the well-established notions of methodological individualism, natural rights theory and individual self-ownership. But Rothbard showed that if we wish to take methodological individualism, natural rights theory and individual