The Economics and Ethics of Private Property
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In recent years, libertarian impulses have increasingly influenced national and economic debates, from welfare reform to efforts to curtail affirmative action. Murray N. Rothbard's classic The Ethics of Liberty stands as one of the most rigorous and philosophically sophisticated expositions of the libertarian political position.
What distinguishes Rothbard's book is the manner in which it roots the case for freedom in the concept of natural rights and applies it to a host of practical problems. An economist by profession, Rothbard here proves himself equally at home with philosophy. And while his conclusions are radical—that a social order that strictly adheres to the rights of private property must exclude the institutionalized violence inherent in the state—his applications of libertarian principles prove surprisingly practical for a host of social dilemmas, solutions to which have eluded alternative traditions.
The Ethics of Liberty authoritatively established the anarcho-capitalist economic system as the most viable and the only principled option for a social order based on freedom. This edition is newly indexed and includes a new introduction that takes special note of the Robert Nozick-Rothbard controversies.
Most people think of the Fed as an indispensable institution without which the country's economy could not properly function. But in END THE FED, Ron Paul draws on American history, economics, and fascinating stories from his own long political life to argue that the Fed is both corrupt and unconstitutional. It is inflating currency today at nearly a Weimar or Zimbabwe level, a practice that threatens to put us into an inflationary depression where $100 bills are worthless. What most people don't realize is that the Fed -- created by the Morgans and Rockefellers at a private club off the coast of Georgia -- is actually working against their own personal interests. Congressman Paul's urgent appeal to all citizens and officials tells us where we went wrong and what we need to do fix America's economic policy for future generations.
In 1831 Alexis de Tocqueville, a young French aristocrat and ambitious civil servant, set out from post-revolutionary France on a journey across America that would take him 9 months and cover 7,000 miles. The result wasDemocracy in America, a subtle and prescient analysis of the life and institutions of 19th-century America. Tocqueville looked to the flourishing deomcratic system in America as a possible model for post-revolutionary France, believing that the egalitarian ideals it enshrined reflected the spirit of the age and even divine will. His study of the strengths and weaknesses of an evolving democratic society has been quoted by every American president since Eisenhower, and remains a key point of reference for any discussion of the American nation or the democratic system.
This new edition is the only one that contains all Tocqueville's writings on America, including the rarely-translated Two Weeks in the Wilderness, an account of Tocqueville's travels in Michigan among the Iroquois, and Excursion to Lake Oneida.
For more than seventy years, Penguin has been the leading publisher of classic literature in the English-speaking world. With more than 1,700 titles, Penguin Classics represents a global bookshelf of the best works throughout history and across genres and disciplines. Readers trust the series to provide authoritative texts enhanced by introductions and notes by distinguished scholars and contemporary authors, as well as up-to-date translations by award-winning translators.
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