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Could a community without a central government avoid descending into chaos and rampant criminality? Could its economy grow and thrive without the intervening regulatory hand of the state? Could disputes between citizens be settled if there existed no state monopoly on legal judgments? Apparently, the answers to these questions are yes, yes, and yes. Indeed, if the strange and little-known case of the condominium of Neutral Moresnet - a tiny wedge of disputed territory in northwestern Europe - acts as our guide, we must conclude that statelessness is not only possible but beneficial to progress, carrying profound advantages over coercive bureaucracies. The remarkable enterprise that was Mores...
We shut down our schools, sports, theaters, bars, restaurants, and churches—government ignored the rule of law and put individual rights on hold—but it is more than obvious now that this was all a huge distraction. The focus should have been on the aged with underlying conditions living in nursing homes. The models nowhere included what ended up being our reality, even though that reality was upon us as early as February when people in nursing homes began to die in Washington State. We should have seen it long before the lockdowns began. Now the modelers in the epidemiological profession need to learn what the economists figured out long ago: Human life is too complex to be accurately mo...
This is the first major study of a neglected yet extremely significant subject: the London middle classes in the period between 1660 and 1730, a period in which they created a society and economy that can be seen with hindsight to have ushered in the modern world. Using a wealth of material from contemporary sources--including wills, business papers, inventories, marriage contracts, divorce hearings, and the writings of Daniel Defoe and Samuel Pepys--Peter Earle presents a fully rounded picture of the "middling sort of people," getting to the hearts of their lives as men and women struggling for success in the biggest, richest, and most middle-class city in contemporary Europe. He examines i...
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A novel argument that shows how rules work better than discretion when implementing monetary policy.
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Studies the economic order that governs virtual worlds and ways individuals work together to govern social relations in the digital space.
A classic of the American Institute for Economic Research, How To Invest Wisely was first written and published in 1947, just as American society was being put back together again following the ghastly upheaval of war and its command economy. Americans regained their ability to control their economic and financial future, and did so in a world of rising prosperity, changing technology, and regained control of family and community. How to Invest Wisely was an immediate hit. New editions appeared every few years between that date all the way until 2010 when it stopped being printed. The first edition was prepared by our founder, Edward C. Harwood. Other writers and editors through the years in...