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Talk about great timing. Rothbard's extraordinary book unravels the mystery of banking: what is legitimate enterprise and what is a government-backed shell game that can't last. His explanation is clear enough for anyone to follow and yet precise and rigorous enough to be the best textbook for college classes on the topic. This is because its expositional clarity--in its history and theory--is essentially unrivaled. Most notably, he uses the T-account method of explaining the relationship between deposits and loans, showing the inherent...

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Written in the same year that he testified before the Currency Commission in Austria-Hungary, and published in English in 1892, Carl Menger explains that it is not government edicts that create money but instead the marketplace. Individuals decide what the most marketable good is for use as a medium of exchange. -Man himself is the beginning and the end of every economy, - Menger wrote, and so it is with deciding what is to be traded as money. -Money has not been generated by law. In its origin it is a social, and not a state...

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The Housing Bubble was hardly the first in human history. What's eluded historians is the same issue that eludes commentators today: the underlying cause of bubbles. This book is the first (and only) book to solve the mystery of the most famous bubble in world history: Tulipmania in 17th century Netherlands. It Is a legendary event but explanations have been lacking. People blame irrational exuberance, free markets, and an unleashed aristocracy. Douglas French takes a different route: he follows the money to prove that the bubble...

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This remarkable book is the most comprehensive, sweeping, compelling, and unsettling case ever penned against what is laughingly called the criminal-justice system. It is a classic, devastating at its core, that is made newly available to speak to us in our times in which the state is completely out of control. Clarence Darrow is best known today as the Chicago lawyer who defended John T. Scopes in the Scopes Monkey Trial in 1925. But that case actually played a minor role in his life. He was an attorney by training who, from experience,...

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Housing, a central priority for government policy for many decades, collapsed in 2008; even in 2011, millions of homes are under water. This poses many economic and ethical issues. This elegant and fact-filled book by former Mises Institute president Doug French examines the background to the case of "strategic default," or walking away from your home, and considers its implications from a variety of different perspectives. The thesis here is that there is nothing ominous or evil about this practice. It is an extension of economic...