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.

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"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

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Benjamin Tucker Marcus
February 19, 2010

women are from mars, men are from venus

April 12th, 2007 by bkmarcus

Every once in a while, I’ll encounter some soul-searching editorial, inquiring why there are so few women within the libertarian movement. These seem to be written most often after some LP convention, in which the editorialist looks over a sea of bearded white faces and despairs.

Less frequently, I’ll encounter an editorial hypothesizing just why there are so few women within the movement. The thesis is usually some variation of this theme: women are (either by nature or upbringing) more inclined to seek compromise, build bridges, think pragmatically; men are the abstract moralists, insisting on uncompromising principle. Since the libertarian movement is (or should be) a pursuit of principle, we attract mostly men … and social misfits, at that. The rare woman will slip through, like a goth babe in a comic book store, but mostly we’re the grown-up versions of the pimply faced nerd-boys.

I certainly think there’s something to that hypothesis, but I find it interesting — no, what I mean to say is, lamentable — that these questions and answers are written completely outside of historical context.

The editorialists either don’t know or don’t care about the prominent role of women in 19th-century libertarianism, as radical abolitionists became individualist anarchists. They fail to cite the exceptions to their rule, for instance, Lillian Harman or Voltairine de Cleyre.

Or, if you question our ideological lineage from the Tuckerites, how about a couple of 20th-century examples:


After reading Ludwig von Mises’s Liberalism, Rose Wilder Lane took exception to his defense of majoritarian democracy. She wrote him:

[...] as an American I am of course fundamentally opposed to democracy and to anyone advocating or defending democracy, which in theory and practice is the basis of socialism.

It is precisely democracy which is destroying the American political structure, American law, and the American economy, as Madison said it would….

My article at Mises.org today describes the very compromising (and compromised) market liberalism of George Stigler and Milton Friedman in their early careers. Needless to say, these two men are famous among libertarians. But, as I learn from Roderick Long in his comment to my article, Ayn Rand had a somewhat less compromising take on their pamphlet:

When Roofs or Ceilings? came out, Ayn Rand denounced it as obviously written by “a couple of Reds.”

I don’t offer any answer to the why-so-few-women jeremiad, but I doubt that girls were born or raised to be any less “soft” in the 19th or early 20th century than they are now, and I find it significant that some of the most righteous and incorruptible voices for individual liberty have been from the fairer sex.

Posted in culture, history, philosophy | 5 Comments »

The Movement Before Mises

April 12th, 2007 by bkmarcus

In September 1946, The Foundation for Economic Education (FEE) published 500,000 copies of a pamphlet arguing against continuation of wartime rent-control laws. This pamphlet — called "Roofs or Ceilings," and written by two young Chicago economists named Milton Friedman and George Stigler — was 20-year-old Murray Rothbard’s introduction to FEE. It drew him into the movement, such as it was. He continued to read FEE’s publications and began attending their conferences, but a year and a half later Rothbard had still never heard of Austrian economics.

Ludwig von Mises came to the United States in 1940, fleeing the Nazis. He had not planned to stay, but by the mid-40s, he was already well integrated into the budding libertarian movement. Familiar with sympathetic journalists and potential sponsors, Mises was one of the intellectual leaders of American market liberalism, but there was not yet a "Misesian wing" within libertarianism other than Henry Hazlitt and Mises himself — not until the publication of Human Action in 1949.

What was the pre-Misesian movement like? Friedman and Stigler’s pamphlet is a good indication. It opens with a description of a housing disaster 40 years earlier:

The San Francisco earthquake of April 18, 1906 was followed by great fires which in 3 days utterly destroyed 3,400 acres of buildings in the heart of the city. … Yet when one turns to the San Francisco Chronicle of May 24, 1906 — the first available issue after the earthquake — there is not a single mention of a housing shortage!

So far so good. The Chicagoites were doing then what Austrians consistently do now: introducing forgotten events to a readership generally as ignorant of history as they are of economic laws.

A good pamphlet needs to anticipate and answer readers’ objections, and "Roofs or Ceilings" does just that. But today’s free-marketeer might be shocked at some of what passed for market liberalism in 1946:

The fact that, under free market conditions, better quarters go to those who have larger incomes or more wealth is, if anything, simply a reason for taking long-term measures to reduce the inequality of income and wealth. For those, like us, who would like even more equality than there is at present, not alone for housing but for all products, it is surely better to attack directly existing inequalities in income and wealth at their source than to ration each of the hundreds of commodities and services that compose our standard of living. It is the height of folly to permit individuals to receive unequal money incomes and then to take elaborate and costly measures to prevent them from using their incomes. [emphases added]

To his credit, Leonard Read inserted an editor’s note:

The authors fail to state whether the "long-term measures" which they would adopt go beyond elimination of special privilege, such as monopoly now protected by government. In any case, however, the significance of their argument at this point deserves special notice. It means that, even from the standpoint of those who put equality above justice and liberty, rent controls are "the height of folly."

But entirely unnoted are Friedman and Stigler’s dubious diagnosis for price inflation and their even more questionable prescription:

The third current objection to a free market in housing is that a rise in rents means an inflation, or leads to one.

But price inflation is a rise of many individual prices, and it is much simpler to attack the threat at its source, which is the increased family income and liquid resources that finance the increased spending on almost everything. Heavy taxation, governmental economies, and control of the stock of money are the fundamental weapons to fight inflation.

Yes, that really is what it says. Heavy taxation is one of the suggested remedies for price inflation — which is apparently caused by increased family income!

(In the "About the Authors" section at the end of the pamphlet, Friedman’s first publication is listed as Taxing to Prevent Inflation, co-authored with C. Shoup and R. Mack.)

Confronted in later life with his own policy prescriptions from the 1940s, an older and wiser Milton Friedman said he had forgotten what a Keynesian he had once been.

Human Action, Scholars Edition: $65.00
The Misesian Movement Starts Here

This admission casts an interesting light on a story Friedman liked to tell about Mises storming out of a Mont Pelerin meeting, saying, "You are all socialists!"

"Can you imagine?" Friedman would say to his listener. "Me! A socialist!"

Whether or not Mises ever did and said any such thing is contested. But if he did, the accusation was hardly as absurd as Friedman wanted it to sound.

The point is not to harp on the young Chicagoites’ early indiscretions, but rather to pause and note just what counted as radical market liberalism in the days before the Misesian revolution. We can be grateful that the pamphlet was written and published, that half a million copies were distributed, that a generation grown used to government rationing and central planning was introduced to the evils of price fixing and to some rudimentary economic logic. We can especially be grateful that it was read by a young Murray Rothbard and that it brought him one step closer to meeting his economic mentor. But "Roofs or Ceilings" was a pale shadow of classical liberalism and a less than prestigious foreshadowing of the libertarian movement to come.


BK Marcus is an editorial consultant for the Mises Institute. See his archive. Comment on the Mises blog.

Posted in LvMI, economics, history | 2 Comments »