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

future imperfect

March 20th, 2008 by bkmarcus

2:26:35 PM David Miller: did you note that Arthur C. Clarke died?

2:26:42 PM BK Marcus: yes

2:26:45 PM BK Marcus: age 90

2:28:13 PM David Miller: yup, interesting that technology seems to have been so much more focused on earthspace than his books suggested.

2:28:50 PM David Miller: The iPod the Web… not manned flights to Jupiter

2:30:11 PM David Miller: I wonder if I’ll ever be able to enjoy sci-fi that ignores economics again.

4:19:35 PM BK Marcus: An interesting note from my wife:

Nathalie Marcus

4:01

I find this interesting.  Rothbard is talking about  the Hansen stagnation thesis: "As for technological progress, that too is slowing down. After all, the railroads have already been built and the automobile industry has reached maturity. Whatever minor improvements there might be will probably be withheld by ‘reactionary monopolists,’ etc."

4:01

They didn’t seem to have much imagination.

4:02

Should have read more science fiction…

4:35:16 PM David Miller: yes , it is an interesting note and compliment to my observation. Economist ought to read more Sci-fi and Sci-fi writers should read more econ.

The exchange reminded me of the opening of an old friend’s movie review of Speed (1994):

The day began, as all days should, with Ray Bradbury. In Saturday’s early afternoon, I had just climbed back into the cab of my frequent movie partner’s truck to have him tell me that the voice on the radio came from that old man of SF. While I was mailing our bills, he had tuned in Writer’s Corner on our local NPR station. It must have been fifteen to twenty minutes before we were able to date the interview. For all we knew, the conversation could have been live; Bradbury could have been dead for years. I find I am able to keep track of these things less and less without cues.

We drove, listening to 1978. [Read the rest »]

Posted in autobiography, culture, news, technology | No Comments »

The War Against the South and Its Consequences

March 20th, 2008 by bkmarcus

[This article by Murray N. Rothbard follows "The Road to Civil War," and is excerpted from the same unpublished report to the Volker Fund, 1961.]

The Civil War was one of the most momentous events in American history, not only for its inherent drama and destruction, but because of the fateful consequences for America that flowed from it.

We have said above that the War of 1812 had devastating consequences for the libertarian movement; indeed, it might be said that it took twenty years of devotion and hard work for the Jacksonian movement to undo the étatist consequences of that utter failure of a war. It is the measure of the statist consequences of the Civil War that America never recovered from it: never again was the libertarian movement to have a party of its own, or as close a chance at success. Hamiltonian neo-Federalism beyond the wildest dreams of even a J.Q. Adams had either been foisted permanently on America, or had been inaugurated, to be later fulfilled.

Let us trace the leading consequences of the War Against the South: there is, first, the enormous toll of death, injury, and destruction. There is the complete setting aside of the civilized "rules of war" that Western civilization had laboriously been erecting for centuries: instead, a total war against the civilian population was launched against the South. The symbol of this barbaric and savage oppression was, of course, Sherman’s march through Georgia and the rest of the South, the burning of Atlanta, etc. (For the military significance of this reversion to barbarism, see F.J.P. Veale, Advance to Barbarism). Another consequence, of course, was the ending of effective states’ rights, and of the perfectly logical and reasonable right of secession—or, for that matter, nullification. From now on, the Union was a strictly compulsory entity.

[Read the rest »]

Posted in LvMI, history, war | No Comments »