<p>In the beginning, there was Menger. It was this book that reformulated, and really rescued, economic science. It kicked off the Marginalist Revolution, which corrected theoretical errors of the old classical school. These errors concerned value theory, and they had sewn enough confusion to make the dangerous ideology of Marxism seem more plausible than it really was.Menger set out to elucidate the precise nature of economic value, and root economics firmly in the real-world actions of individual human beings.For this reason, Carl Menger (1840-1921) was the founder of the Austrian School of economics. It is the book that Mises said turned him into a real economist. What's striking is how nearly a century and a half later, the book still retains its incredible power, both in its prose and its relentless logic.</p>

Principles of Economics

Business & Money

Carl Menger

Economics

Terra Libertas Limited

Building Blocks For Liberty: Critical Essays

Block, Walter

The state makes a mess of everything it touches, argues Jeffrey Tucker in Bourbon for Breakfast. Perhaps the biggest mess it makes is in our minds. Its pervasive interventions in every sector affect the functioning of society in so many ways, we are likely to intellectually adapt rather than fight. Tucker proposes another path: see how the state has distorted daily life, rethink how things would work without the state, and fight against the intervention in every way that is permitted. Whether that means hacking your showerhead, rejecting prohibitionism, searching for large tank toilets, declining to use government courts, homeschooling, embracing alternative micro-cultures, watching pro-freedom movies, baking at home, maintaining manners and standards of dress, publishing without copyright, and just living outside what he calls the "statist quo" we should not lose touch with what freedom means, even in these times. The essays cover commercial life, digital media,

Bourbon for Breakfast: Living Outside the Statist Quo

Jeffrey Tucker

Philipp Bagus is a young scholar with a large influence, having forecast all the problems with the Euro and having persuaded many economists on the Continent that this currency is no better than any fiat currency. In some ways it is much worse because it has cartelized the management of European monetary regimes and created a terrible moral hazard.With this book, Professor Bagus brings his scholarship to English readers, explaining the background to the idea of European unity and its heritage of sound money. He explains that the Euro is not what the older classical liberals had hoped for but instead is a politically managed money that is destined for failure.He writes with a keen sense for economic analytics and empirical detail, offering one of the most accessible and yet rigorous accounts of the emergence of the Euro. He predicts its downfall due to political pressures, bad banking practices, and exploding public-sector liabilities.The analogies with the dollar are indeed close, but with welfare states at a more advanced stage, it will be a race to see which paper currency will crumble first.Professor Bagus brings theoretical power to investigating one of the most important topics in economics today. His arguments and evidence convinced even Jesus Huerta de Soto to withdraw support for the Euro.

The Tragedy of the Euro

Philipp Bagus

Walter Block's daring, funny, iconoclastic Defending the Undefendable is a libertarian classic. In this sequel Block defends even more of society's hidden heroes, those unfairly maligned entrepreneurs, workers, and capitalists who create value through free and voluntary interaction, and he does it in the same colorful and engaging style. (Peter G. Klein)Walter Block has assembled thirty chapters defending behavior that is probably offensive to most Americans, such as dwarf tossing and stereotyping, and  many that are downright illegal, such as dueling and smuggling.  Plus, he's provided us with humorous cartoons at the end of many chapters.  The bottom line message in Freedom in All Realms: Defending the Undefendable is that the true test of our commitment to personal liberty doesn't come when we permit others to engage in those peaceable, voluntary acts with which we agree.  It comes when we permit others to engage in peaceable, voluntary acts we find offensive. (Walter E. Williams)In an age when all too many people run for cover when their controversial neighbors evoke the ire of intellectual elites, Walter Block heroically comes to the rescue. You don't have to agree with him on everything to respect his thoughtfulness on behalf of the unpopular and the misunderstood. Liberty's very survival depends upon such courage! (Lawrence W. Reed)Walter Block is the most courageous of libertarian economists. No issue is too tough for the application of solid principles-and that makes him unique. I find him to be absolutely consistent in his logic, clear enough for anyone to grasp, and bold enough to take on any and all challengers. On top of it all, he's provocative and fun to read. (Ken Schoolland)Defending the Undefendable: Freedom in All Realms is a worthy, indispensable sequel to DTU, written in a fun, punchy, and accessible style, but with no punches pulled. (Stephan Kinsella)

Defending the Undefendable II: Freedom in All Realms

Walter Block