Reviewing another edition of Paul Samuelson’s Economics is a task as impossible as reviewing in brief the present state of American economics itself. This spectacular best seller in the history of economic textbooks has inspired a flotilla of imitators. A new edition appears every triennium, replete with multi-colors, charts, diagrams, and the latest techniques in [...]

For those of us who have loved as well as revered Ludwig von Mises, words cannot express our great sense of loss: of this gracious, brilliant and wonderful man; this man of unblemished integrity; this courageous and lifelong fighter for human freedom; this all-encompas­sing scholar; this noble inspiration to us all. And above all this [...]

On the evening of Saturday, April 21, Dr. F.A. “Baldy” Harper died suddenly, of a heart attack, at the age of 68. To say that Baldy’s death is an irreparable loss, personally and in every other way, to the libertarian movement, would be a masterpiece of understatement. Ever since he came to the Foundation for [...]

For well over a century, the Left has generally been conceded to have morality, justice, and “idealism” on its side; the Conservative opposition to the Left has largely been confined to the “impracticality” of its ideals. A common view, for example, is that socialism is splendid “in theory,” but that it cannot “work” in practical [...]

Classic jazz is magnificently Old Culture, an exciting blend of European melody and harmony with African rhythm, developed first in New Orleans at the turn of the twentieth century. As such, it is as far from the mindless cacophony of modern acid rock as it is possible to get.
Classic jazz always featured a small band, [...]

In order to discuss the “future of capitalism,” we must first decide what the meaning of the term “capitalism” really is. Unfortunately, the term “capitalism” was coined by its greatest and most famous enemy, Karl Marx. We really can’t rely upon him for correct and subtle usage. And, in fact, what Marx and later writers [...]