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This book covers several areas of economic theory and political
philosophy from the perspective of Austrian Economics and
libertarianism. As such, it deals with Epistemology and
Methodology, Microeconomics, Macroeconomics, Labor Economics,
International Economics, Political Philosophy, Law and Public
Policy, all from the Austro-libertarian perspective. Hence, this
book offers an integrated view of libertarianism and Austrian
economics in the light of recent debates in the areas of economic
science and political philosophy. Moreover, it builds from the
foundations of the Austrian approach (epistemology and
methodology), while the latter material deals with its application
to the individual from the microeconomic perspective, which in turn
allows an exploration of subjects in macroeconomics. Additionally,
this work applies Austro-libertarianism to law, politics, and
public policy. Thus, it offers a unified view of the entire
approach, in a logical progression, allowing the readers to judge
this perspective in full. Futerman and Block say that their book is
not a manual, which I suppose it is not. But it is a collection of
highly pertinent essays, from which you can understand what is
mistaken in the orthodoxy of economics, law, and politics. The
central term of art in Austrian economics is that phrase "human
action." It is the exercise of human will, not the blind bumping of
one molecule against another or one organism against another, as in
the physical sciences... Futerman and Block distinguish Austrian
economics as a scientific enterprise based on liberty of the will
from "libertarianism" as an advocacy based on policies implied by
such liberty. "Although Austrian economics is positive and
libertarianism is normative," they write, "this book shows how both
are related; how each can support the other." Indeed they do.
Deirdre N. McCloskey, PhD UIC Distinguished Professor of Economics
and of History Emerita, Professor of English Emerita, Professor of
Communication Emerita, University of Illinois at Chicago
This book probes the depths of libertarian philosophy and
highlights the need for laws that protect all individuals in
society. This book defines libertarianism as a theory of what is
just law, it is predicated upon the non-aggression principle (NAP).
This legal foundation of the libertarian philosophy states that it
should be illicit to threaten or engage in initiatory violence
against innocent people. Ultimately, this book presents the notion,
defend the "undefendable." This book defines that as; any person,
institution, professional, worker, which is either reviled by
virtually everyone, or prohibited by law, and does not violate the
NAP. Weaved throughout, this book uses political philosophy to
present three fundamental premises to explain this libertarian
point of view. Firstly, this book defines the non-aggression
principle (NAP). Secondly, demonstrates the importance and
relevance of private property rights in this context. This book
uses practical examples to demonstrate the theoretical application
of freedom rights using libertarianism principles.
Water covers some 75% of the earth's surface, while land covers
25%, approximately. Yet the former accounts for less than 1% of
world GDP, the latter 99% plus. Part of the reason for this
imbalance is that there are more people located on land than water.
But a more important explanation is that while land is privately
owned, water is unowned (with the exception of a few small lakes
and ponds), or governmentally owned (rivers, large lakes). This
gives rise to the tragedy of the commons: when something is
unowned, people have less of an incentive to care for it, preserve
it, and protect it, than when they own it. As a result we have oil
spills, depletion of fish stocks, threatened extinction of some
species (e.g. whales), shark attacks, polluted and dried-up rivers,
misallocated water, unsafe boating, piracy, and other indices of
economic disarray which, if they had occurred on the land, would
have been more easily identified as the result of the tragedy of
the commons and/or government ownership and mismanagement. The
purpose of this book is to make the case for privatization of all
bodies of water, without exception. In the tragic example of the
Soviet Union, the 97% of the land owned by the state accounted for
75% of the crops. On the 3% of the land privately owned, 25% of the
crops were grown. The obvious mandate requires that we privatize
the land, and prosper. The present volume applies this lesson, in
detail, to bodies of water.
Water covers some 75% of the earth's surface, while land covers
25%, approximately. Yet the former accounts for less than 1% of
world GDP, the latter 99% plus. Part of the reason for this
imbalance is that there are more people located on land than water.
But a more important explanation is that while land is privately
owned, water is unowned (with the exception of a few small lakes
and ponds), or governmentally owned (rivers, large lakes). This
gives rise to the tragedy of the commons: when something is
unowned, people have less of an incentive to care for it, preserve
it, and protect it, than when they own it. As a result we have oil
spills, depletion of fish stocks, threatened extinction of some
species (e.g. whales), shark attacks, polluted and dried-up rivers,
misallocated water, unsafe boating, piracy, and other indices of
economic disarray which, if they had occurred on the land, would
have been more easily identified as the result of the tragedy of
the commons and/or government ownership and mismanagement. The
purpose of this book is to make the case for privatization of all
bodies of water, without exception. In the tragic example of the
Soviet Union, the 97% of the land owned by the state accounted for
75% of the crops. On the 3% of the land privately owned, 25% of the
crops were grown. The obvious mandate requires that we privatize
the land, and prosper. The present volume applies this lesson, in
detail, to bodies of water.
In this timely book, Walter E. Block uses classical liberal theory
to defend private property rights. Looking at how free enterprise,
capitalism and libertarianism are cornerstones of economically
prosperous civilizations, Block highlights why private property
rights are crucial. Discussing philosophy, libertarian property
rights theory, reparations and other property rights issues, this
volume is of interest to academics, students, journalists and all
those interested in this integral aspect of political economic
philosophy.
Influential libertarians from diverse backgrounds and professions
who have worked toward a freer society across the globe share their
personal and intellectual journeys, including what their lives and
thoughts were before they embraced libertarianism; which people,
texts, or events most inspired them; what experiences, challenges,
tribulations, and achievements they have had as participants or
leaders in this movement, and how this philosophy has affected
their private and professional lives. The volume’s 80
contributors span the political-philosophical spectrum of
libertarianism, including anarcho-capitalists, minarchists,
constitutionalists, classical liberals, and thick libertarians.
Their essays express different perspectives on many issues even
while articulating such core principles as an appreciation for
individual liberty, private property rights, the rule of law, and
free enterprise. Together, they represent myriad individual
journeys toward libertarianism, however defined. By bringing
together a range of contemporary voices from outside the dominant
left-right paradigm, this book aims to contribute to the viewpoint
diversity that is crucially needed in today’s public discourse.
These autobiographies not only offer compelling insights into their
individual authors and the state of the world today, but may also
inspire the next generation to make our society a freer one.
Â
Free Enterprise Environmentalism argues that laissez capitalism can
address climate change more effectively than socialism and
government regulation. The contributors support the role of
markets, free enterprise, limited government, and private property
rights in service of environmental protections. Covering topics
such as extinction, overpopulation, pollution, and resources
exhaustion, the contributors offer alternate solutions to
environmental degradation than have been proposed by the political
left.
This book applies libertarian property rights theory to a vexing
controversy, abortion. This book offers a compromise solution that
will not fully please either of the two sides of this debate, but,
is the only possible reconciliation between the two. Nor are its
benefits limited to the fact that the opposing forces in this
debate may be brought together. Evictionism, also, is the only
philosophical position compatible with human rights; neither of the
other two can make this claim. There are many other publications
and learned articles supporting the pro-life position as well as
defending the pro-life viewpoint. This is the only book that offers
a perspective on abortion that is radically different than both.
This book uniquely applies private property rights theories we all
agree upon when referred to issues such as real estate, crime,
torts, etc., to abortion. The underlying philosophical contribution
of Evictionism this book presents is that these basic legal
premises can be utilized in this controversial case as well as
practically everywhere else in law. Want to solve the abortion
controversy? Want to demonstrate that both the pro-life and the
pro-choice positions are erroneous? Want to read about a position
that is a compromise between the pro-life and the pro-choice
positions? Then this book provides robust understanding,
discussions and applications for getting to the truth about this
issue.
Academic freedom and tenure, both cherished institutions of higher
education, are currently under attack by many both outside and
within the academy. Richard DeGeorge argues that they can be
defended on ethical grounds only if they are joined with
appropriate accountability, publicly articulated and defended
standards, and conscientious enforcement of these standards by
academic institutions and the members of the academic community. He
discusses the ethical justification of tenure and academic freedom,
as well as ethical issues in their implementation. He argues that
academic freedom, which is the basis for tenure, is not license nor
the same as freedom of speech. Properly understood and practiced,
both academic freedom and tenure exist not to benefit faculty
members or their institutions, but to benefit an open society in
which they thrive and of which they are an important part.
Looking at discrimination, education, environment, health and
crime, this volume analyses United States Supreme Court rulings on
several legal issues and proposed libertarian solutions to each
problem. Setting their own liberal theory of law, each chapter
discusses the law at hand, what it should be, and what it would be
if their political economic philosophy were the justification of
the legal practice. Covering issues such as sexual harassment,
religion, markets in human organs, drug prohibition and abortion,
this book is a timely contribution to classical liberal debate on
law and economics.
This book compares and contrasts the motivations, morality, and
effectiveness of space exploration when pursued by private
entrepreneurs as opposed to government. The authors advocate
market-driven, private initiatives take the lead through enhanced
competition and significant resources that can be allocated to the
exploration and exploitation of outer space. Space travel and
colonisation is analysed through the prism of economic freedom and
laissez faire capitalism, in a unique and accessible book.
This book applies libertarian property rights theory to a vexing
controversy, abortion. This book offers a compromise solution that
will not fully please either of the two sides of this debate, but,
is the only possible reconciliation between the two. Nor are its
benefits limited to the fact that the opposing forces in this
debate may be brought together. Evictionism, also, is the only
philosophical position compatible with human rights; neither of the
other two can make this claim. There are many other publications
and learned articles supporting the pro-life position as well as
defending the pro-life viewpoint. This is the only book that offers
a perspective on abortion that is radically different than both.
This book uniquely applies private property rights theories we all
agree upon when referred to issues such as real estate, crime,
torts, etc., to abortion. The underlying philosophical contribution
of Evictionism this book presents is that these basic legal
premises can be utilized in this controversial case as well as
practically everywhere else in law. Want to solve the abortion
controversy? Want to demonstrate that both the pro-life and the
pro-choice positions are erroneous? Want to read about a position
that is a compromise between the pro-life and the pro-choice
positions? Then this book provides robust understanding,
discussions and applications for getting to the truth about this
issue.
This book covers several areas of economic theory and political
philosophy from the perspective of Austrian Economics and
libertarianism. As such, it deals with Epistemology and
Methodology, Microeconomics, Macroeconomics, Labor Economics,
International Economics, Political Philosophy, Law and Public
Policy, all from the Austro-libertarian perspective. Hence, this
book offers an integrated view of libertarianism and Austrian
economics in the light of recent debates in the areas of economic
science and political philosophy. Moreover, it builds from the
foundations of the Austrian approach (epistemology and
methodology), while the latter material deals with its application
to the individual from the microeconomic perspective, which in turn
allows an exploration of subjects in macroeconomics. Additionally,
this work applies Austro-libertarianism to law, politics, and
public policy. Thus, it offers a unified view of the entire
approach, in a logical progression, allowing the readers to judge
this perspective in full. Futerman and Block say that their book is
not a manual, which I suppose it is not. But it is a collection of
highly pertinent essays, from which you can understand what is
mistaken in the orthodoxy of economics, law, and politics. The
central term of art in Austrian economics is that phrase "human
action." It is the exercise of human will, not the blind bumping of
one molecule against another or one organism against another, as in
the physical sciences... Futerman and Block distinguish Austrian
economics as a scientific enterprise based on liberty of the will
from "libertarianism" as an advocacy based on policies implied by
such liberty. "Although Austrian economics is positive and
libertarianism is normative," they write, "this book shows how both
are related; how each can support the other." Indeed they do.
Deirdre N. McCloskey, PhD UIC Distinguished Professor of Economics
and of History Emerita, Professor of English Emerita, Professor of
Communication Emerita, University of Illinois at Chicago
This book probes the depths of libertarian philosophy and
highlights the need for laws that protect all individuals in
society. This book defines libertarianism as a theory of what is
just law, it is predicated upon the non-aggression principle (NAP).
This legal foundation of the libertarian philosophy states that it
should be illicit to threaten or engage in initiatory violence
against innocent people. Ultimately, this book presents the notion,
defend the "undefendable." This book defines that as; any person,
institution, professional, worker, which is either reviled by
virtually everyone, or prohibited by law, and does not violate the
NAP. Weaved throughout, this book uses political philosophy to
present three fundamental premises to explain this libertarian
point of view. Firstly, this book defines the non-aggression
principle (NAP). Secondly, demonstrates the importance and
relevance of private property rights in this context. This book
uses practical examples to demonstrate the theoretical application
of freedom rights using libertarianism principles.
Looking at discrimination, education, environment, health and
crime, this volume analyses United States Supreme Court rulings on
several legal issues and proposed libertarian solutions to each
problem. Setting their own liberal theory of law, each chapter
discusses the law at hand, what it should be, and what it would be
if their political economic philosophy were the justification of
the legal practice. Covering issues such as sexual harassment,
religion, markets in human organs, drug prohibition and abortion,
this book is a timely contribution to classical liberal debate on
law and economics.
In this timely book, Walter E. Block uses classical liberal theory
to defend private property rights. Looking at how free enterprise,
capitalism and libertarianism are cornerstones of economically
prosperous civilizations, Block highlights why private property
rights are crucial. Discussing philosophy, libertarian property
rights theory, reparations and other property rights issues, this
volume is of interest to academics, students, journalists and all
those interested in this integral aspect of political economic
philosophy.
This book offers a unique perspective on the State of Israel based
on classical liberalism, both on a historical and theoretical
level. Specifically, it makes a classical liberal and libertarian
analysis based upon homesteading and private property rights to
defend the State of Israel. As such, this work explores the history
of the Jewish State, both to provide a positive case for its right
to exist, and to clarify the myths surrounding its origin and
development. At the same time, it deals with other relevant related
subjects, such as the complex situation between Israel and the
Palestinian Arabs, the military campaigns against the Jewish State,
the connection between anti-Zionism and anti-Semitism, and Israel's
economic miracle. The thorough analysis presented in this work
intends to show not only why the voices and movements against
Israel are wrong (including the Boycott, Divestment and Sanctions
movement, BDS), but more importantly, why Israel is an example of
human flourishing and freedom that every advocate for liberty
should celebrate. The Classical Liberal Case for Israel makes the
practical and moral case for Israel. It is based on truths and
facts that need to be repeated over and over. Block & Futerman
understand that the only way to defeat a big lie is with a big
truth. Benjamin Netanyahu, Prime Minister of the State of Israel,
Jerusalem, Israel Classical Liberalism, often associated with the
spread West from Northern Europe in creating free nations, is
argued here as applying to Israel, with ancient roots in the
principles of human freedom. Vernon L. Smith, Ph.D. Nobel Prize in
Economic Sciences (2002), and Professor, George L. Argyros Endowed
Chair in Finance and Economics, Professor of Economics and Law,
Smith Institute for Political Economy and Philosophy, at Chapman
University.
Plunder in Latin America by Guillermo Yeatts offers a unique,
insider's view of the objective conditions that have given rise to
the ransacking of Latin America by local political vested groups.
At a time when globalization is flattening the playing field of
world political economics, and with the path to prosperity so clear
for so many nations, why is it certain countries remain
disadvantaged and unstable? For Yeatts, the origins of this problem
lies in the rules of the game governing how resources are
transferred from less to more powerful sectors of society. The
plundering tradition of Latin America goes back to colonial times.
Over time, specific factors have contributed to an environment of
noncompliance with the law and the fostering of a plundered
mentality. Plunder in Latin America grapples with critical
questions facing the future of Latin America, and is a must read
for anyone concerned with globalization, equality, and Latin
American history.
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