Liberalism in the Classical Tradition

In 1927, classical liberalism, based on a belief in individualism, reason, capitalism, and free trade, was dying, when one of the 20th century's greatest social thinkers wrote this combative and convincing restatement. Nowhere are the key principles of Mises' philosophy better represented than in this timeless work.

Mises was a careful and logical theoretician who believed that ideas rule the world, and this especially comes to light in Liberalism.

"The ultimate outcome of the struggle" between liberalism and totalitarianism, say Mises, "will not be decided by arms, but by ideas. It is ideas that group men into fighting factions, that press the weapons into their hands, and that determine against whom and for whom the weapons shall be used. It is they alone, and not arms, that, in the last analysis, turn the scales."

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Mike Cernovich

Hoaxed

Also a major motion picture, Hoaxed explores how misinformation spreads online in conversations with several high profile guests and celebrities. Hoaxed is a collection of original essays - some snarky, some serious, and some gossipy - by Cernovich. Also included are long form interviews with high profile media figures.

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David Friedman

The Machinery of Freedom

This book argues for a society organized by voluntary cooperation under institutions of private property and exchange with little, ultimately no, government. It describes how the most fundamental functions of government might be replaced by private institutions, with services such as protecting individual rights and settling disputes provided by private firms in a competitive market. It goes on to use the tools of economic analysis to attempt to show how such institutions could be expected to work, what sort of legal rules they would generate, and under what circumstances they would or would not be stable. The approach is consequentialist. The claim is that such a society would produce more attractive outcomes, judged by widely shared values, than alternatives, including the current institutions of the U.S. and similar societies.The second edition contained four sections, this third edition adds two more. One explores some of the ideas already raised in greater depth, including discussions of decentralized law enforcement in past legal systems, of rights seen not as a moral or legal category but as a description of human behavior, of a possible threat to the stability of the system not considered in the previous editions, and of ways in which a stateless society might defend itself from aggressive states. The final section introduces a number of new topics, including unschooling, the misuse of externality arguments in contexts such as population or global warming, and the implications of public key encryption and related online technologies.

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Hans-Hermann Hoppe

Democracy The God That Failed

The core of this book is a systematic treatment of the historic transformation of the West from monarchy to democracy. Revisionist in nature, it reaches the conclusion that monarchy is a lesser evil than democracy, but outlines deficiencies in both. Its methodology is axiomatic-deductive, allowing the writer to derive economic and sociological theorems, and then apply them to interpret historical events.

A compelling chapter on time preference describes the progress of civilization as lowering time preferences as capital structure is built, and explains how the interaction between people can lower time all around, with interesting parallels to the Ricardian Law of Association. By focusing on this transformation, the author is able to interpret many historical phenomena, such as rising levels of crime, degeneration of standards of conduct and morality, and the growth of the mega-state. In underscoring the deficiencies of both monarchy and democracy, the author demonstrates how these systems are both inferior to a natural order based on private-property.

Hoppe deconstructs the classical liberal belief in the possibility of limited government and calls for an alignment of conservatism and libertarianism as natural allies with common goals. He defends the proper role of the production of defense as undertaken by insurance companies on a free market, and describes the emergence of private law among competing insurers. Having established a natural order as superior on utilitarian grounds, the author goes on to assess the prospects for achieving a natural order. Informed by his analysis of the deficiencies of social democracy, and armed with the social theory of legitimation, he forsees secession as the likely future of the US and Europe, resulting in a multitude of region and city-states. This book complements the author's previous work defending the ethics of private property and natural order. Democracy—The God that Failed will be of interest to scholars and students of history, political economy, and political philosophy.

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