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"Do not steal" is an excellent principle of ethics; it is also the
first principle of sound economic systems. In our time, no one has
done more than Hans-Hermann Hoppe to elaborate on the sociological
implications of this truth. And this is his great work on the
topic. The Austrian tradition is known for offering the most
hard-core defense of private property, and the most consistent
application of that principle, of any school of economics. The work
of Hoppe--a leading student of Rothbard's whose books have been
translated into a dozen languages--has focused heavy philosophical
and economic attention on this principle. This book, the 2nd
expanded edition after a long period in which it has been
unavailable, collects his most important scholarly essays on the
topic. The topics covered by Hoppe are wide ranging: employment,
interest, money, banking, trade cycles, taxes, public goods, war,
imperialism, and the rise and fall of civilizations. The core
theoretical insight uniting the entire discussion is as
consistently applied here as it is neglected by the economic
mainstream: the absolute inviolability of private property as a
human right as the basis of continuous economic progress. The right
to private property is an indisputably valid, absolute principle of
ethics, argues Hoppe, and the basis for civilizational advance.
Indeed, it is the very foundation of social order itself. To rise
from the ruins of socialism and overcome the stagnation of the
Western welfare states, nothing will suffice but the uncompromising
privatization of all socialized, that is, government, property and
the establishment of a contractual society based on the recognition
of private property rights. Hans Hermann-Hoppe is professor of
economics at the University of Nevada, Las Vegas, and a senior
fellow of the Ludwig von Mises Institute. This edition is an
expansion of the original edition (1993), with new essays on
epistemology, ethics, and economics.
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