Israel Kirzner once made the rather startling statement that the most important lesson he learned from Mises, one of the greatest economic theorists of his age, had nothing directly to do with economic theory at all.
Economics studies much more than just the part of life devoted to business, and libertarianism isn't a simple pro-business position. But then business itself—dynamic, subversive, liberating—is much more than just one part of life.
Dr. Sandy Ikeda explains why he thinks "Don't Tread on Others" is the heart of libertarianism, not "Don't Tread on Me."
In the words of Leonard Read, the founder of FEE, "in order to change the world, we first have to change ourselves." We have to show self restraint, self control, and self discipline, and not use the state apparatus, political means, or the threat of violence to get what we want.
Rural America is an anomaly for associating "conservative" with support for limited government, free markets, and voluntary approaches to social issues. The push for more personal liberty and self-responsibility, like social and economic development generally, originates in urban environments.
Friedrich Hayek argued that “local knowledge” or “particular knowledge of time and place,” such as rules of thumb or skills learned by doing, is more important than the kind of knowledge that can be written down and objectively conveyed.
What makes a charter city attractive is the prospect of rapidly instituting rules consistent with economic development in an area that might otherwise take decades to do so, offering almost overnight the chance of a better life for the citizens of a impoverished country.
Living cites and successful markets bring intellectually and culturally diverse people together to their mutual advantage, but they also create conditions in which vast amounts of novel information get dispersed very rapidly.