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...

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...

Erstmals in deutscher Ubersetzung liegt hiermit die frUhe Schrift "Economic Science and the Austrian Method" des Okonomen und Philosophen Hans Hermann Hoppe vor. Aufbauend auf den Werken von Ludwig von Mises entwickelt Hoppe ein VerstAndnis der Okonomik als einer apriorischen Wissenschaft vom menschlichen Handeln. Ein grundlegender Beitrag zur Methodik der Osterreichischen Schule und ein Klassiker der Wissenschaftstheorie und Epistemologie.

Die folgenden Studien behandeln die Frage, Wie soli eine Gesellschaft geordnet wer den; und warum so und nicht anders'? Derart mit normativen Problem en befagt, unterscheiden sie sich grundsatzlich von der in der sozial- und politikwissenschaftli chen Literatur gegenwartig immer exklusiver gepflegten Form empirischer For schung, bei der normative Fragen entweder vollstandig ausgeblendet oder - ver breiteter noch und fragwurdiger - durch beliebig herbeizitierte subjektive Meinun gen, gelost' werden, und die von daher praktisch irrelevant bleiben mug oder als partikularistische (parteiliche)...

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Here is Hans Hoppe's first treatise in English - actually his first book in English - and the one that put him on the map as a social thinker and economist to watch. He argued that there are only two possible archetypes in economic affairs: socialism and capitalism. All systems are combinations of those two types. The capitalist model he defines as pure protection of private property, free association, and exchange - no exceptions. All deviations from that ideal are species of socialism, with public ownership and interference with...

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Richard Ritter von Strigl (1891-1942) was one of the most brilliant Austrian economists of the interwar period. As a professor at the University of Vienna he had a decisive influence on Hayek, Machlup, Haberler, Morgenstern, and other fourth-generation Austrian economists. Very few classic works on capital and business cycles in the Austrian tradition have been translated from the original German. Strigl's important contribution to Austrian capital theory is brought to the English-speaking world for the first time. The book links Eugen...

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With eleven chapters by top libertarian scholars on all aspects of defense, this book edited by Hans-Hermann Hoppe represents an ambitious attempt to extend the idea of free enterprise to the provision of security services. It argues that "national defense" as provided by government is a myth not unlike the myth of socialism itself. Defense services are more viably privatized and replaced by the market provision of security. From the introduction: "Even aside from day-to-day security risks, the reality of terrorism and its resulting...

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"Do not steal" is an excellent principle of ethics; it is also the first principle of sound economic systems. In our time, no one has done more than Hans-Hermann Hoppe to elaborate on the sociological implications of this truth. And this is his great work on the topic. The Austrian tradition is known for offering the most hard-core defense of private property, and the most consistent application of that principle, of any school of economics. The work of Hoppe--a leading student of Rothbard's whose books have been translated into a dozen...