individualism for the masses

BK Marcus is an amateur political economist with no formal education in the subject.

He works from Charlottesville, Virginia as an editorial consultant for the Ludwig von Mises Institute and managing editor of Mises.org.

He is no longer a house husband, nor a faculty spouse, but he is still a dilettante and a layabout, at least in spirit.

twitter.com/bkmarcus

recent

Please supportGo To Project Gutenberg

Wikipedia Affiliate Button

"It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a 'dismal science.' But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance."

Murray Rothbard

calendar

February 2007
S M T W T F S
« Jan   Mar »
 123
45678910
11121314151617
18192021222324
25262728  

archives

categories


Benjamin Tucker Marcus
February 19, 2010

Doherty on Lane, Rothbard, and Friedman

February 27th, 2007 by bkmarcus

Here is a snippet of a longer interview between Bill Steigerwald at the Pittsburgh Tribune-Review and Brian Doherty, author of Radicals for Capitalism: A (Freewheeling) History of the Modern Libertarian Movement:

Q:

What was the most surprising or important thing you learned from doing this book?

A:

Exactly how despised and outsider these ideas were in the ’40s and ’50s. I kind of knew it, but I was shocked to find certain details about it. One was the story of Rose Wilder Lane, the great libertarian author and the daughter of Laura Ingalls Wilder, the author of the "Little House on the Prairie" books. She was actually investigated by the FBI in the late ’40s for daring to write on a postcard, that an officious postmaster read, that she considered Social Security the sort of socialist central control that we were supposed to be fighting against in World War I and World War II.

Q:

Of the big five of the libertarian movement — Von Mises, Hayek, Rand, Rothbard and Friedman — who is your favorite?

A:

Murray Rothbard, and I’ll tell you why. Rothbard, in one way, was the most distinctly libertarian of the libertarians. He was influenced a lot by both Mises and Rand, not so much by Hayek and Friedman. He brought together Mises’ deep economist’s understanding of why government economic intervention tends to fail and Ayn Rand’s sort of natural rights-based philosophy that argued that it is morally wrong for government to do certain things, whether or not it worked better — even though it didn’t work better.

Rothbard also took them to sort of the most colorful and radical extremes. He actually was a complete anarchist. Unlike Rand and Mises, he didn’t believe there was any role for government. He wrote so well and was so impassionedly in so many fields — philosophy, economics and history — and was so intimately involved at an organizational level with lots of great libertarian institutions, from the Cato Institute to the Institute for Humane Studies to the Foundation of Economic Education. He really had his hands in every aspect of the story, was such a colorful and fun writer, and was so bracing in his radicalism, that I found him the most fun to contemplate of all those figures.

Q:

Who has been the most influential American libertarian of the last 100 years?

A:

Milton Friedman, unquestionably. His success as a technical economist — he won the Nobel Prize in 1976 — was combined with a very great skill in explaining technicalities to a popular audience, which he did in a column in Newsweek from 1966 to 1984, and in popular books in "Capitalism and Freedom" and "Free to Choose" and then the PBS series that "Free to Choose" arose from. Unlike a Rothbard, he didn’t try to bang you over the head with sort of the anarchist radicalism, which helped in him being influential.

As my book tells, he really was the guy who convinced the Nixon-era Gates Commission that an all-volunteer army could work and was directly responsible for the end of the draft in the early ’70s. His writings on monetary policy were the key intellectual influence that helped shape Federal Reserve policy in the Paul Volcker and Alan Greenspan era that brought the inflation level down to a more manageable level. Those were his two biggest polemical victories and certainly vitally important. He was certainly also the most widely respected of the great libertarian thinkers.

Posted in history | No Comments »

jet set nostalgia

February 27th, 2007 by bkmarcus

Tim Swanson was kind enough to remember my old stewardess article and to point me to this collection of retro-stewardess photos:

thrillingwonder.blogspot.com/2007/02/glamour-of-flight.html

Posted in culture | No Comments »

Dexter Learns to Walk

February 27th, 2007 by bkmarcus

(via Anthony Gregory)

I wrote a paper in college (one that did not receive a particularly good grade) in which I claimed that Artificial Intelligence would not advance significantly until a robot could stand up in a strong wind.

Posted in technology | No Comments »

static thinking

February 27th, 2007 by bkmarcus

Static thinking occurs when we imagine changing one feature of a dynamic system without appreciating how doing so will alter the character of all other features of the system.

For example, I would be engaging in static thinking were I to ask how, if the state did not provide the law and courts, the free market could provide them in their present form. It is this type of thinking that is responsible for the conventional assumption that free market legal services would be ‘competing governments’ which would be the equivalent of organized gang warfare.

Once this static thinking is rejected, it becomes apparent that if the state did not provide the law and courts, they simply would not exist in their present form. This, however, only highlights the difficulty of describing free market order-generating services and reinforces the speculative nature of all attempts to do so.

John Hasnas,
“The Myth of the Rule of Law,”
1995 Wisconsin Law Review 199 (1995)

Posted in law, philosophy | No Comments »

The Essential Rothbard

February 27th, 2007 by bkmarcus

Here is the book for the Age of Rothbard, precisely the primer that is needed at a time when his influence—as the most radical and compelling intellectual force in the second half of the 20th century—is higher than during any time during his lifetime.

And so this book is a landmark in Rothbardiana: the first, full, rigorous intellectual biography of Murray N. Rothbard, one that takes a candid look at his public and private papers to cover not only his economic thought but also his historical method, his political ideology, the Rothbardian cultural outlook and social theory, and guides the reader through the whole of his vast output. It even includes a complete (and massive) bibliography.

[keep reading]

Posted in LvMI | No Comments »