Freeman

April 2011

Volume 61, 2011

To commemorate the 150th anniversary of the start of the Civil War, this special issue of The Freeman assembles an able cast of historians to dissect the economic and political aspects of the transformational conflict. This eye-opening analysis is performed by Jeffrey Rogers Hummel, Burton Folsom, Jr., Bradley J. Birzer, and Joseph R. Stromberg.


FEATURES

Commonwealth

MARCH 23, 2011 by DAVID PRYCHITKO

The Importance of Subjectivism in Economics

The double inequality of value.

SEPTEMBER 07, 2012 by SHELDON RICHMAN

For an exchange to take place, the two parties must assess the items traded differently, with each party preferring what he is to receive to what he is to give up.

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It's been 40 years since F. A. Hayek received his Nobel Prize. His insights, particularly on the distribution of knowledge and the impossibility of economic planning, remain hugely important today. In this issue, we look back on the influence of his work. Max Borders and Craig Biddle debate whether liberty must be defended from one absolute foundation, further reflections on Scottish secession, and how technology is already changing our world for the better--including how robots, despite the unease they cause, will only accelerate this process.
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