According to the American Economic Association: Economics can be defined in a few different ways. It’s the study of scarcity, the study of how people use resources and respond to incentives, or the study of decision-making. It often involves topics like wealth and finance, but it’s not all...
It turns out I have more thoughts on Andrew Koppelman’s new book, Burning Down the House. In my previous post, I dealt with Hayek and racism. Here I focus on Koppeman’s claim that a sharp distinction can be drawn between the crude and radical libertarianism of Murray Rothbard and the sophisticated...
In his new book, Burning Down the House: How Libertarian Philosophy was Corrupted by Delusion and Greed, Andrew Koppelman, the John Paul Stevens Professor of Law at Northwestern University attempts to rescue libertarianism from itself by centering the work of Freidrich A. Hayek, one of the most...