Freeman

A monthly journal of liberal and progressive politics. Articles include historical analysis, original research, and critical essays.

Articles from Vol. 54, No. 5, June

1914 and the World We Lost
Ninety years ago this month, on June 28, 1914, Archduke Francis Ferdinand, heir to the throne of the Austro-Hungarian empire, and his wife, Sophie, were assassinated by a Bosnian-Serb nationalist in the city of Sarajevo. It served as the spark which...
A Deficit of Understanding II
Writing in the January/February 2004 issue of The Atlantic Monthly, Sherle Schwenninger of the New America Foundation joined Warren Buffett and scores of politicians in bewailing America's trade deficit. Like his intellectual compatriots, Schwenninger...
Antiglobalists Are Scarce in Poor Countries
Whenever some international conference on world trade takes place, without fail the organized forces of antiglobalization appear outside the gates. They whine; they protest; they frequently riot and attack. If you ask them, they'll tell you that what...
Austrian Economics and the Political Economy of Freedom
The revival of the modern Austrian school of economics may be said to have begun 30 years ago, during the week of june 15-22, 1974, when the Institute for Humane Studies sponsored a conference on Austrian economics for about 40 participants in the small...
Bermuda, Freedom, and Economic Growth
Senator John Kerry of Massachusetts, the presumptive presidential candidate of the Democratic Party, says he wants to end Bermuda's offshore "creed of greed" and crack down on the "corporate Benedict Arnolds" who move offshore to avoid paying U.S. taxes....
Breaking Free: Public School Lessons and the Imperative of School Choice
Breaking Free: Public School Lessons and the Imperative of School Choice by Sol Stern Encounter Books * 2003 * 248 pages * $25.95Liberals mugged by reality" is the (increasingly) common expression used to describe people like Sol Stern. As a young man,...
Buying Foreign Goods Saves American Jobs
Roger Simmermaker of Orlando, Florida, is leading a national campaign to encourage Americans to "Buy American." In 1996 Simmermaker wrote How Americans Can Buy American, which recently was published in a second edition.1 The book, as its title implies,...
Fortune-Cookie Economics
It is little wonder that some economists want to be perceived as having fortune-telling abilities. After all, history and literature are full of examples of revered and exalted prophets and oracles. So we can understand why many economists sit up straight,...
Freedom of Conscience and the Welfare State
Who says the welfare state respects freedom of conscience? Consider: In March the California Supreme Court ruled that employer-provided prescription-drug plans must cover birth-control products, even if contraception violates an employer's religious...
Free Trade under Fire
Free Trade Under Fire by Douglas A. Irwin Princeton University Press * 2003 * 257 pages * $17.95 paperbackAccording to Douglas Irwin, free trade is under fire because some groups believe that they do not participate in the accumulation of wealth that...
It Just Ain't So!
One of the often-unperceived consequences of an expanding welfare state is the gradual atrophy of independent judgment. judgment is a skill, and, like other skills, it must be exercised to be vigorous and dependable. The fewer opportunities people have...
Mises on Copyrights
The widespread reproduction and "sharing" of copyrighted music on the Internet led a friend to ask me what Ludwig von Mises would have thought about the situation. The more I pondered the question, the more I concluded that Mises would have considered...
Nock Revisited
Some books and essays require regular rereading. In the course of our busy lives, we can allow their subtle wisdom to fade into the landscape and lose their initial effect. A work of this kind is easy to spot: it is fresh and sparkling on every subsequent...
Parting Company Is an Option
My last essay in The Freeman, "How Did Wc Get Here?" (March), provided clear evidence that Congress and the White House, as well as the courts, had vastly exceeded powers delegated to them by our Constitution. To have an appreciation for the magnitude...
Principles of Politics Applicable to All Governments
Principles of Politics Applicable to all Governments by Benjamin Constant Liberty Fund * 2003 * 558 pages * $22 hardcover; $12 paperbackNowhere does one find such clear and lucid expositions and defenses of human liberty as those found among the French...
Saving Capitalism from the Capitalists: Unleashing the Power of Financial Markets to Create Wealth and Spread Opportunity
Saving Capitalism from the Capitalists: Unleashing the Power of Financial Markets to Create Wealth and Spread Opportunity by Raghuram G. Rajan and Luigi Zingales Crown Business * 2003 * 314 pages * $29.95In an era of misguided attacks on capitalism,...
The Greatest Privatization Ever
After the Revolutionary War, the 13 newly independent states of North America came into conflict over their territorial boundaries, especially in the area west of the Appalachian Mountains. Seven states claimed territories extending to the Mississippi...
The Progressive Era's Derailment of Classical-Liberal Evolution
It is true that where a considerable part of the costs incurred are external costs from the point of view of the acting individuals or firms, the economic calculation established by them is manifestly defective and their results deceptive. But this is...