Mabry and Sharplin argue that technology improves the standard of living, and that it is rent-seeking that causes the true problem.
“What remains of Socialism, then, when we come to close quarters with it? And what are the future prospects of this policy of spoliation and of tyranny?”
“The object of all their aims…is to increase the powers of the State and to entrust it with the care of the national economic life.”
“Karl Marx is nothing but an inventor and manufacturer of myths with which he abuses the credulity of his followers.”
Proudhon “proclaims the end of the ‘government of man by man’ and of the ‘exploitation of man by man.’ Does he desire that man should be governed by apes?”
Yves Guyot surveys the long history of utopian socialism, from Plato’s lofty speculations to the Jesuits’ brutal exploitation of Paraguay.
Literature of Liberty’s attempt to produce a full bibliography of works by, about, and relevant to Friedrich Hayek.
“Hayek…weave[d] together the legal, historical, political, and economic dimensions of the freedoms implied in a spontaneous-order social science methodology.”
“Economists have clearly articulated the need for reform of the existing monetary system…[and alternatives have] taken clear and unambiguous shape.”
“Men will have to design those institutions that will automatically encourage them to maximize their long-run interests.”
“There are many aspects of society (most of the interesting aspects) that can be understood and explained only through the use of invisible hand explanations.”
Leonard Liggio surveys the most significant economic transformation of the last century.
“F.A. Hayek and F.A. Harper [founder of the IHS], underline the esteem in which utopian thinking was held by two of the most persuasive advocates of liberty.”
“Despite his praise of the market economy’s “invisible hand,” Smith conceived a wide and elastic range of activities for government.”
“Hayek analyses is of central importance to the growing literature of the “economic of information.”
“Neoclassical economics ignores the…market process in organizing information [to] facilitate individual decision-making and…subjective…welfare.”
“As harmful and as illogical as [trade barriers] are, none cause the human hardship and misery that immigration restrictions impose.”
“I intend to study the whole problem of the market process. We Austrians say we have a better paradigm than the neoclassical economists.”