During today’s Values Voter Summit in Washington D.C., Breitbart News Executive Director Steve Bannon pulled no punches and zeroed in on many targets. He even set his ire toward libertarians, who he feels put too much of an emphasis on economic output and lose sight of the civic nationalism needed to bind America. Bannon specifically
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There has been a great deal of hype surrounding Austrian economist Hans-Hermann Hoppe’s ‘Libertarian and the Alt-Right’ speech that he delivered for his 12th annual Property and Freedom Society conference that took place last month in Bodrum, Turkey. The speech was finally released for the public yesterday, and it packed a serious punch. Eschewing political
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One of the most consistent themes through the works of Ludwig von Mises is the role ideas play in shaping society. As he wrote in Theory and History: “Thoughts and ideas are not phantoms. They are real things. Although intangible and immaterial, they are factors in bringing about changes in the realm of tangible and
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In Principles of Economics, Carl Menger corrected the theoretical mistakes made by the old classical school. At the time, the founder of the Austrian School of economics seemed to want to make economics accessible to everyday people, which may explain why he exemplified the nature of economic value in his book, making sure readers understood
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In a recent article of mine, I debunked the red herring of the “roads” argument that many modern socialists throw around. It turns out that lately this article has gotten some pretty lively responses from its critical readers. One such commenter was someone I might have expected to be on my side (politically speaking) as he was presumably a
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Although he passed away over two decades ago, death hasn’t stopped the iconic libertarian economist Murray N. Rothbard from releasing new material. According to Rothbard’s long-time confidant and biographer Justin Raimondo of Antiwar.com, a group of “lost columns” are going to be released to the public that Rothbard supposedly penned in the 1960’s alongside a
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James J. Hill is unquestionably one of the greatest entrepreneurs in American history. This past weekend marked the 100th anniversary of his passing. He is best remembered for the successful construction of the only transcontinental railroad to not go bankrupt. He didn’t accept government subsidies, and argued eloquently against his competitors who did: “The government
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Although there is very little on which we agree, Marxists and socialists have provided me with some excellent philosophical discussions. One such person recently wrote this article in which he attempted to take to task the libertarian concept of freedom. The piece starts out well enough as he does a decent job describing how libertarians
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Austrian economics is often caricatured and criticized because of its approach, or deliberate lack of an approach, to mathematical models, multivariable calculus, and econometrics. Attacks are leveled against Austrians such as Mises, Rothbard, and Kirzner for their failure or refusal to avail themselves of applied empirical research in their scholarship. The Austrian methodology most frequently
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