In his book, A Spontaneous Order: The Capitalist Case for a Stateless Society, Chase Rachels does an excellent job conveying insights from both libertarianism and economics. He uses clear explanations of basic concepts and persuasive examples for applications. He relentlessly identifies aggression as the root cause of society’s problems, and the state as the primary source of aggression. Most importantly, the book is permeated by a Rothbardian hatred of the state, which will make it an enjoyable read for any ancap.
Rachels makes frequent use of long passages quoted from other works. Thankfully these are drawn from some of the best sources on libertarianism and economics: Continue reading →
Ludwig von Mises’ last book is an examination of social sciences as they are and as they should be. Mises characteristically spends time excoriating historians who pretend to be economists. His main effort, however, is on the proper delineation between psychology, economics, thymology, and, of course, history.
For those who have read Human Action, the distinction between historical science and economic science is well known. When a so-called economist models the price of onions in Venice in the 1850s, he is not furthering economic knowledge, but simply using mathematics to relate what happened in the past. That this work provides no economic insight and has no predictive power is a central theme of Theory and History.
Furthermore, Mises attacks supposed economic theories that are actually theories of history, and bad ones at that. He embarrasses Marxism for its foundational beliefs that technology determines the social state of affairs and that history is on an inevitable trend towards a final state of socialism. With his typical dry humor, Mises tears apart collectivist ideologies, though some may seem obscure to a modern reader.
Friedman does his best work using economics to describe how, and why, anarcho-capitalist institutions could, and should, be developed. He gives an excellent historical examination of Iceland, which had a legal system that showed how some libertarian ideas would work in practice. In Chapter 37, he also has some wise words for radicals about civil disruption, discussing how shock tactics and property damage will only instill in people a desire for strong government. He warns that anarchists should avoid traditional revolutionary techniques used by those who want to usurp government power because the same strategy does not work for destroying government power all together. It should be noted that this book is not just an historical tour of libertarianism. Friedman includes many modern topics, including crypto-currencies and anonymous online markets.
Rather than take a broad look at the different areas where Friedman shines on well traveled topics (global warming, private courts, market derived law) and nit-picking other areas (pollution, foreign policy, writing style), this review will focus on the implications Machinery of Freedom has for libertarian ethics. This is because the most important contribution of his book 40 years later is not the libertarian answers he was able to find but rather those questions that he has been unable to identify solutions for after all of these years. In this way, Friedman lays out clear challenges to young libertarian thinkers who are working on the next generation of libertarian insights.
Friedman’s challenge consists of two fundamental problems with principled libertarianism that, even after 40 years, no one has answered to his satisfaction. Continue reading →
In his excellent book, The Problem of Political Authority, Michael Huemer takes a methodical and relentless approach to analyzing whether government is justified in doing things that ordinary people are not. People should not steal, but what about taxes? People should not brutalize potheads, but what about those who become federal prisoners for recreational drug use?
Concluding that government has no such authority, Huemer recommends a system where such authority is unnecessary. He explores the alternative of anarcho-capitalism and shows that even though anarcho-capitalism is not perfect, it is superior in every way to statism. Huemer makes the point that it is important not to compare some ideal anarchy with obviously flawed states, such as the USSR, but to compare the best realistic government with a realistic system of anarchy. (p185)
For those already on friendly terms with anarcho-capitalism, this book is still a worthwhile read if only for its lucid deconstruction of social contract theory. It knocks down each variation of the social contract, which is sure to be useful when talking to the kind of people who heard something about a social contract and assumed the debate was over. Continue reading →
The Ludwig von Mises Institute is an organization that promotes Austrian Economics and libertarian political philosophy. It has produced an incredible amount of educational literature, media, events and programs.
Founded by Lew Rockwell in 1982, it has been heavily focused on academia, trying to produce economic scholars of the Austrian tradition, who could then influence students, journals, and the political landscape. To this end it provides research grants, fellowships, academic awards and academic conferences.
One particularly promising conference is the annual Mises University. It is a one week immersive program in Austrian Economics that is not just an accelerated economics course, but also ties in libertarian ethics and revisionist history. This conference brings together bright young minds in an environment where they can learn from and debate with experts in various fields. The Mises Institute hosts many other events aimed at students on its beautiful campus in Auburn, Alabama. Continue reading →