June 2006

June 2006

Volume 56, 2006


Freedom and the Pitfalls of Predicting the Future

Our Inescapably Imperfect Knowledge Means We Can Never Predict Our Own Future
JUNE 01, 2006 by

The prospects for freedom in America and in many other parts of the world appear dim. Government continues to grow bigger and more intrusive, imposing tax burdens that siphon vast amounts of private wealth. Extrapolating these trends out for the foreseeable future, it would seem that the chances for winning liberty are highly unlikely. There is only one problem with this pessimistic forecast: the future is unpredictable and apparent trends do change.

Jane Jacobs (1916-2006)

A Hero against the Pretensions of Social Engineering
JUNE 01, 2006 by

Through nearly a dozen books, Jane Jacobs made an indelible contribution to our understanding of what makes cities vibrant and what makes them dull. She struck heroic blows in defense of the underlying order of cities and against the pretensions of social engineering. Alas,she died April 25 at age 89.

The History of "Underdevelopment"

Underdevelopment Theories Have Generated Disastrous Policies
JUNE 01, 2006 by

Perhaps the most important feature of the modern world is its sustained, intensive economic growth.

The End Run to Freedom

Implementing Private Solutions Can Help Us Market the Virtues of Freedom to the Skeptics
JUNE 01, 2006 by

What does the future hold for economic life in the United States? Will we move toward greater freedom or less? What role will ideas and rhetoric play, if any, in making sure that the direction is one that lovers of freedom prefer?

Belt and Braces in the Labor Market

An Iron-Clad Labor Code is a Major Cause of France's Chronic Unemployment
JUNE 01, 2006 by

Like every exchange, the exchange of labor for money is protected, as it were, by a belt, the contract.

The Greenspan Fed in Perspective

JUNE 01, 2006 by

Some readers of the Wall Street Journal might have been led to believe that Alan Greenspan had somehow followed Milton Friedman's monetary rule. We now see, though, that there was no well-grounded rule; there was no standard.

Ludwig von Mises: The Political Economist of Liberty, Part II

JUNE 01, 2006 by

Mises's defense of classical liberalism against the various forms of collectivism was not limited "merely" to the economic benefits of private property.

Book Reviews - June 2006

JUNE 01, 2006 by

The White Man's Burden: Why the West's Efforts to Aid the Rest Have Done So Much Ill and So Little Good by William Easterly -- reviewed by Richard M. Ebeling

The Capitalist Manifesto by Andrew Bernstein -- reviewed by Gary M. Galles

Water for Sale: How Business and the Market Can Resolve the Worlds Water Crisis by Fredrik Segerfeldt -- reviewed by George C. Leef

Common Sense Economics: What Everyone Should Know About Wealth and Prosperity by James Gwartney, Richard L. Stroup, and Dwight R. Lee -- reviewed by Tom Lehman

Nothing to Learn from the Antifederalists?

JUNE 01, 2006 by

Mencken's Wisdom

JUNE 01, 2006 by
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