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—–Original Message—–
From: C
Sent: Saturday, February 17, 2018 5:14 PM
To: Walter Block
Subject: Great Smog

Dr. Block, From an anarchist point of view, in which way does society fight by preventing or eliminating an air pollution effect as the great smog?

Dear C: The best thing ever written, well, published, on air pollution is this. Happy reading:

Rothbard, Murray N. 1982. “Law, Property Rights, and Air Pollution,” Cato Journal, Vol. 2, No. 1, Spring; reprinted in Economics and the Environment: A Reconciliation, Walter E. Block , ed., Vancouver: The Fraser Institute, 1990, pp. 233-279; also reprinted here by the Mises Institute: http://mises.org/story/2120; http://www.mises.org/rothbard/lawproperty.pdf

Every morning, as soon as I get to my computer, the first thing I do is call up Lew.Rockwell.com. It would be a bad day for me should I ever do this, and fail to find this source of information, inspiration, and much much more. Why is this on the airwaves? What keeps it going? Many things, foremost among them the work of my friend Lew Rockwell and the entire Mises Institute staff (see above for one small, no, tiny, example of that). But, another necessary condition is financial support. There is nothing we readers can do about Lew, except to wish him good health and a long life. But, there is indeed something we can do to oil the wheels that are required for this entire enterprise: donate some money to it. Please consider doing just that. You may do so by going right here: https://mises.org/giving/campaigns/help-us-pack-more-powerful-punch-5


12:06 pm on February 18, 2018

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From: N
Sent: Friday, February 02, 2018 9:23 AM
To: wblock@loyno.edu
Subject: Homestead Principle
Hello Dr. Block, I was interested in knowing your opinion on how state property would be allocated if we achieved a libertarian society. Would you be in favor of having state property be re homesteaded by individuals or would you prefer another method? In addition, would you favor any reparations by state employees to the taxpayers after we achieved a libertarian society? Thank you for your great work.

Dear N: There is a gigantic libertarian literature on privatization. Here is some of it (hint: it doesn’t include auctioning it off, because then the government gets the proceeds, and it already has far too much money):

Anderson and Hill, 1996; Block, 2002, 2009; Block and Nelson, 2015; Butler, 1988; Carnis, 2003; Ebeling, 2013; Hanke, 1987A, 1987B; Hannesson, 2004, 2006; Hoppe, 2011; Karpoff, 2001; Megginson, 2001; Moore, 1987; Moore and Butler, 1987; Motichek, Block and Johnson, 2008; Nelson and Block, forthcoming; Ohashi, 1980; Ohashi, Roth, Spindler, McMillan and Norrie, 1980; Pirie, 1986; Rothbard, ; Savas, 1987; Walker, 1988; White, 1978

Anderson, Terry L. and Peter J. Hill, editors. 1996. The privatization process : a worldwide perspective, Lanham, Md.: Rowman & Littlefield Publishers.

Block, Walter E. 2002. “Radical Privatization and other Libertarian Conundrums,” The International Journal of Politics and Ethics, Vol. 2, No. 2, pp. 165-175; http://www.walterblock.com/publications/radical_privatization.pdf

Block, Walter E. 2009. The Privatization of Roads and Highways: Human and Economic Factors; Auburn, AL: The Mises Institute; http://www.amazon.com/Privatization-Roads-And-Highways-Factors/dp/1279887303/ref=sr_1_1?s=books&ie=UTF8&qid=1336605800&sr=1-1; available for free here: http://mises.org/books/roads_web.pdf; http://mises.org/daily/3416; http://www.walterblock.com/wp-content/uploads/publications/radical_privatization.pdf; audio: http://store.mises.org/Privatization-of-Roads-and-Highways-Audiobook-P11005.aspx; http://www.audible.com/pd/Business/The-Privatization-of-Roads-and-Highways-Audiobook/B0167IT18K?tag=misesinsti-20; http://us1.campaign-archive1.com/?u=bf16b152ccc444bdbbcc229e4&id=6cbc90577b&e=54244ea97d

Block, Walter E. and Peter Lothian Nelson. 2015. Water Capitalism: The Case for Privatizing Oceans, Rivers, Lakes, and Aquifers. New York City, N.Y.: Lexington Books; Rowman and Littlefield; https://rowman.com/ISBN/9781498518802/Water-Capitalism-The-Case-for-Privatizing-Oceans-Rivers-Lakes-and-Aquifers. https://mises.org/library/case-privatizing-oceans-and-rivers

Butler, Eamonn, ed., 1988, The Mechanics of Privatization, London: Adam Smith Institute

Carnis, Laurent. 2003. “The Case for Road Privatization: A Defense by Restitution.” Journal des Economistes et des Etudes Humaines. Vol. 13, No. 1, pp. 95-116

Ebeling, Richard. 2013. “Why Not Privatize Foreign Policy?” http://epictimes.com/article/127064/why-not-privatize-foreign-policy

Hanke, Steve H., ed., 1987A. Privatization and Development, San Francisco: Institute for Contemporary Studies

Hanke, Steve H. 1987B. “Privatization.” In J. Eatwell, M. Milgate and P. Newman, eds., The New Palgrave: A Dictionary of Economics, v. 3. London: The Macmillan Press, Ltd.: 976-77.

Hannesson, Rögnvaldur. 2004. The Privatization of the Oceans, in D.R. Leal (Ed.): Evolving Property Rights in Marine Fisheries, Lanham, Md.: Rowman and Littlefield, pp. 25-48.

Hannesson, Rögnvaldur. 2006. The Privatization of the Oceans. Cambridge, MA: MIT Press.

Hoppe, Hans-Hermann. 2011. “Of Private, Common, and Public Property and the Rationale for Total Privatization,” Libertarian Papers 3, 1. http://libertarianpapers.org/2011/1-hoppe-private-common-and-public-property/

Karpoff, Jonathan M. 2001. “Public versus Private Initiative in Arctic Exploration: The Effects of Incentives and Organizational Structure,” The Journal of Political Economy, 109 (1): 38-78.

Megginson, W. Netter, J. 2001. “From State to Market: A Survey of Empirical Studies on Privatization.” Journal of Economic Literature, 39(2): 321-89.

Moore, Stephen. 1987. “Privatizing the U.S. Postal Service,” in Stephen Moore and Stuart Butler, eds., Privatization, Washington: Heritage Foundation.

Moore, Stephen and Stuart Butler, eds., 1987. Privatization, Washington: Heritage Foundation.

Motichek, Amy, Walter E. Block and Jay Johnson. 2008. “Forget Ocean Front Property, We Want Ocean Real Estate!” Ethics, Place, and Environment; Vol. 11, Issue 2, June, pp. 147 – 155; http://www.tandfonline.com/doi/abs/10.1080/13668790802252322?journalCode=cepe20; http://www.informaworld.com/smpp/title~content=t713417006~db=all~tab=issueslist~branches=11 – v1111, Issue 2, June, pp. 147 – 155

Nelson, Peter Lothian and Walter E. Block. Forthcoming, 2018. Space capitalism: the case for privatizing space travel and colonization. Palgrave Macmillan

Ohashi, T.M. 1980. Privatization, theory and practice : distributing shares in private and public enterprise. The Fraser Institute, Vancouver, B.C.

Ohashi, T.M., T.P. Roth, Z.A. Spindler, M.L. McMillan, & K.H. Norrie. 1980. Privation Theory & Practice, The Fraser Institute, Vancouver, B.C.

Pirie, Madson, 1986, Privatization in Theory and Practice, London: Adam Smith Institute
plumb line

Rothbard, Murray N. 2018. “How to Desocialize.” February 18;

Savas, E. S. 1987. Privatization. Chatham, N.J.: Chatham House Publishers.

Walker, Michael A. 1988. ed., Privatization: Tactics and Techniques, The Fraser Institute, Vancouver, B.C., Canada

White, Lawrence H., 1978, “Privatization of municipally-provided services,” The Journal of Libertarian Studies, Vol. 2, No. 2, Summer, pp. 187-197


12:12 am on February 17, 2018

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In my blog post of yesterday, 2/14/18 (https://www.lewrockwell.com/lrc-blog/hacking-crime-yes/), I said this: “I view digital content as property.” I misspoke, and thank those people, see below, who have corrected me on this matter (also see there a bibliography on this issue, to which I have contributed). In my view, when I’m not having a brain cramp, digital content consists of ideas, and ideas, not being scarce, cannot be owned as property. What I should have said, what I meant to say, what I would have said had I not suffered from that aforementioned brain cramp, was that while digital content is not property, anyone who violates real property rights by trespassing on physical property (e.g., by breaking in to someone’s house and copying their ideas), or doing this electronically (hacking, spamming, junk mailing, etc.) should be treated as a criminal, to the full extent of the law. That is, it would be justified to use violence against him, limited only by libertarian punishment theory. For a much more full examination of these matters, see below. I thank my mentor on this issue, Stephan Kinsella, and two anonymous readers of LRC, one for setting me straight, the other who raises an important but peripheral issue. Here is what appears below: Letter from anonymous reader I. Letter from anonymous reader II. My correspondence with Stephan Kinsella on this matter. Bibliography. Happy reading. But no one, please spam this important material to anyone else.

Letter from anonymous reader I:

From: j
Sent: Wednesday, February 14, 2018 5:07 PM
To: wblock@loyno.edu
Subject: RE: Should hacking be a crime?

What about information compiled by use of taxation, ie public information? For instance, would it be immoral to access all the info the FBI/DOJ is withholding regarding the Russia Gate narrative/presentation and releasing it to the public or the all the email records of the city council members if it appeared as though there was (additional) corruption? Obviously this would be termed illegal even if the data wasn’t ransomed, but the law is often a refuge of scoundrels; is there a moral case for access and disclosure? Thanks, James

Dear J: in my view, it is impossible to steal from a crook. One can only liberate his ill-gotten gains from him. I regard the unjust government as a thief. Ergo…

Letter from anonymous reader II:

—–Original Message—–
From: N
Sent: Wednesday, February 14, 2018 7:10 PM
To: wblock@loyno.edu
Subject: Re: Should hacking be a crime?

Dear Professor Block, Could you clarify what you mean in saying you view digital content as property? As I understand it, digital content is ultimately a series of ones and zeros. Are you rather referring to the digital media such as a hard disk? I don’t otherwise see how this statement comports with what I understand of your position on “Intellectual property”–that is, it’s not. Best regards, Nathan Rudd https://www.lewrockwell.com/lrc-blog/hacking-crime-yes/ Should Hacking be a Crime? Yes.

Dear N: Thanks for your important correction. See above. And below too.

My correspondence with Stephan Kinsella on this matter:

From: Stephan Kinsella [mailto:nskinsella@gmail.com]
Sent: Wednesday, February 14, 2018 8:49 PM
To: Walter Block
Subject: Re: hacking

I just read your comment on LRC (https://www.lewrockwell.com/lrc-blog/hacking-crime-yes/). I don’t quite agree with your analysis. “I view digital content as property. Hacking, is then akin to trespassing. Distributing to others the fruits of the hack (electronic nude photos), would be similar to breaking into someone’s house, stealing their physical nude photos, and sending them to others. These seem like real crimes to me.”

I don’t think there is such a thing as property rights in information. If someone hacks into your computer, they are using your computer without your permission. This is a use of a physical thing that you own. That’s trespass. If they do this and obtain private information and publicize it and this harms you in some way–then this goes to the measure of damages they owe you. For example if someone breaks into my house and they destroy my blank canvass and paints, maybe they owe me $1000 damages. But if I had already put the paint onto the canvass and have an original worth $100k, then when they destroy it, they have caused me more damage, so owe me more in restitution. Likewise if someone breaks into my house and they copy the manuscript to my unpublished novel, but never use it, the damage is one thing. But if they then publish the manuscript and this costs me $100k in lost sales I would have had from a first-mover advantage, the damages are greater–even though I don’t own copyright in the words and don’t have a property right in the extra sales I “would have made”.

Now in the case of an icloud account, I have a contract with Apple for them to host my data on their servers. They have a property right in those servers. If someone hacks into this, they violate Apple’s rights to their property–it’s a type of trespass. Apple can sue them, and presumably, might contractually need to indemnify me. If they have to pay me more, then their case for damages against the thief are higher because his trespass was the cause of greater consequential damages to them than some other, more innocuous, trespass might have been.

Suppose someone hacks into apple’s servers and gets one of my passwords. Now this in and of itself doesn’t damage me. It’s only if they use it. Suppose I have a keypad lock on the front door of my house and I’m on vacation. It normally prevents people from entering my house since they don’t know the pass code. But suppose now they know the pass code and use it to enter the house. Well the crime here is the breaking and entering. But this is because I own the house. Even if I left the door unlocked, it’s still breaking and entering if they open the door and enter without my permission. So it always comes down to property rights in tangible things. There is never property rights in digital things because you can’t own information. It’s a non-scarce resource. Information is always just a pattern but it has to be stored on some substrate or medium–some thing that is in and of itself already owned by someone. Information is always the impatterning of an owned thing, but the thing is already owned, and its impatterning–its shape and characteristics, like its color and weight and location and size and age–are not independently owned. I own a 50 year old, blue vase with the word “LIBERTY” inscribed on it; I own the vase. The vase that has those properties. I don’t own those characteristics–I own the vase. Information is always only a characteristic or feature or property OF a thing. Anyway this is how I see it—

Walter: Suppose someone breaks into my house and memorizes the manuscript to my unpublished novel. This trespassing criminal is now about to publish my novel. May I use force under libt law to prevent this use of his own property (paper, ink, printing press)?

Stephan: Yes. Because he is about to increase the injury done to you as a consequence of his trespass.

Walter: I have a machine such that if I force this criminal into it, and turn it on, it will erase his memorization of my novel, and do no other harm to him. May I do so under libt law, in your view?

Stephan: Yes. But not because you own the information.

Walter: My thought is that even though no one may own info, merely charging him damages after the fact is insufficient.

Stephan: I agree. True restitution is always impossible. Because you can never undo the harm done. After the fact all we can do is force the bad guy to pay monetary damages etc. But if there is a way to stop him from committing the crime, or from adding additional consequential damages, I think we are justified in doing this.

Walter: I may also use violence against him in these two ways to prevent him from engaging in acts that I can later sue him for damages. My point is that if I can later sue him for damages for doing X, I may beforehand, also, use violence against him to prevent him from so doing. Your thoughts?

Stephan: I agree. In fact in today’s trade secret law it’s a bit like this. If A employs B and contractually entrusts him with A’s confidential information (trade secrets), then suppose B resigns and A learns B is about to reveal the information to third party C. Then A can go to court and get an injunction against B not to reveal the info. I am in favor of this (what I disagree with is that the court can also order C not to use the info, even though there is no contract between A and C–this s why I oppose modern trade secret law).

But if B sends the information to the New York Times and they publish it, it’s now public info and is simply no longer a trade secret. The court can no longer use its injunction power to put the cat back in the bag–it can’t order everyone in the public to forget it. Or to not act upon on the information. Now the trade secret is lost and all A can do is sue B for monetary damages. For example if famous Tom is gay and his doctor knows, I think Tom could legitimately use force to stop the doctor from revealing this information. However, once the doctor makes the information public now everyone knows Tom is gay. Maybe he doesn’t get hired by Spielberg for his next movie because he’s lost his image. Tom could not sue Spielberg for “acting on this information.” He can sue his doctor for his lost profits though.


Block, Kinsella and Whitehead, 2006; Kinsella, 2010;

Block, Walter E., Stephan Kinsella and Roy Whitehead. 2006. “The duty to defend advertising injuries caused by junk faxes: an analysis of privacy, spam, detection and blackmail.” Whittier Law Review, Vol. 27, No. 4, pp. 925-949; http://www.walterblock.com/wp-content/uploads/publications/block-etal_spam_whittier-2006.pdf; http://www.walterblock.com/wp-content/uploads/2009/06/faxesduty.pdf

Kinsella, Stephan. 2010. “Why Spam is Trespass.” January 8; http://www.stephankinsella.com/2010/01/why-spam-is-trespass/

The post Should Hacking be a Crime? Yes. Part II appeared first on LewRockwell.

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Should Hacking be a Crime? Yes.

To all: Are you a donor to the MI or LRC? If so, I urge you to increase your level of contribution. If not, I urge you to join me and become a financial supporter. If you are willing in this way to promote Austrian economics and libertarianism, go here: https://mises.org/giving/campaigns/help-us-pack-more-powerful-punch-5

From: P
Sent: Monday, January 29, 2018 8:15 AM
To: wblock@loyno.edu
Subject: Hacking
Dear Professor Block
What, as an anarchist, is the proper way to view breaking in to computer systems, i.e. hacking? Plenty of examples can be mentioned, but one example is the case of several celebrities that have had nude photos distributed online after a hacker broke into their Apple iCloud accounts. Perhaps the question should be broken up: gaining access to a system by hacking is different than doing so and distributing sensitive material in extension. Using the non-aggression principle I could interpret it two ways. If we view digital content as property, then it must clearly be seen as a violation of property rights. If we do not view digital content as property, then no violation has happened. Thanks, P

Dear P: I view digital content as property. Hacking, is then akin to trespassing. Distributing to others the fruits of the hack (electronic nude photos), would be similar to breaking into someone’s house, stealing their physical nude photos, and sending them to others. These seem like real crimes to me.


5:43 pm on February 14, 2018

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My Correspondence Policy

I receive questions on Austrian economics and libertarianism from time to time. If they are polite, I always respond, even if briefly, because I have lots of e mail messages to deal with. On occasion, I receive queries that I think worthwhile to share on this blog.

Why do I do this? I engage in this practice because I regard myself as a follower of my decades-long friend and mentor Murray Rothbard. Nary a day goes by when I don’t think of him, and try to emulate him as best I can. Murray had a voluminous correspondence with people from every corner of the globe, and, so do I. But I have one advantage over him: modern day electronic means of sharing such letters, and my responses, on a much easier basis than he had.

Be warned: if you ask me what I consider an important question, I will feel free to post it on LRC along with my response, but on an anonymous basis. That is, unless you tell me not to share your letter, and my response, with anyone else. But, then, I’ll be less likely to respond to you at all. My thought is that if I am going to spend time answering an important question, I would like to have it shared by as many people as possible.

I receive, oh, 100-200 e mails per day. I have this compulsion that I must answer all (polite) queries. However, I cannot always engage in back and forth correspondence with all knowledgeable, kind, interested, Austro-libertarian readers of LewRockwell.com. If I did, or even tried to do so, I’d never get any other writing done. And that is why I get so many queries in the first place; because I publish a lot. So, please forgive me for not always being as responsive as I would like to be. What I’m trying to say is: “One to a customer.” Well, per year. That is, I’ll respond to your first question to me, but then, if you have a follow up, let’s keep that limited to once every year.


5:18 pm on February 12, 2018

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From: W
Sent: Monday, February 05, 2018 2:24 PM
To: wblock@loyno.edu
Subject: question on slavery

Walter, I have a student who is doing some research and writing on slavery and he is looking at it in part as a denial of rights of association. Also, like you, he points out that slavery is about stealing the labor (or at least the product of labor) of someone else. The slave is not the owner of his own labor, but rather by directing it elsewhere and using the threat of violence, the slave owner is engaged in theft. I know you have written on this subject, and I’d like to be able to direct him to some literature on it, yours included. Anyway, if you can help, I’d appreciate it. See you next month. W

From: Walter Block [mailto:wblock@loyno.edu]
Sent: Monday, February 05, 2018 2:53 PM
To: W
Subject: RE: question on slavery

Dear W: Yes, I see slavery, in part, as theft of labor, but this hardly exhausts the full evil of that “curious institution.” Obviously, there’s quite a bit more to it than that. E.g., rapes, beatings, humiliations, etc. If slavery constituted only theft of labor, the overseer would leave the slave alone, say, after work ended at night and before it began in the morning. Of course, actual operation of this institution was not limited to this sort of “benign neglect.”

However, I don’t see “slavery … as … in part as a denial of rights of association.” In my view, the denial of the right of free association pretty much encapsulates ALL of the evils of slavery. If free association (one of the main building blocks of libertarianism) were strictly upheld, there could be no such thing as slavery, at least not as ordinarily understood. To do so we would have to ignore weird cases of “slavery” for example, where the masochist wants to be a slave to the sadist. And, also, this goes for voluntary “slavery” wherein, for example, the father agrees to become a slave in order to save the life of his child.

Here are my pubs on slavery (mainly, arguing in behalf of reparations to grandchildren of slaves):

Alston and Block, 2007; Block, 1993, 2001, 2002; Block and Yeatts, 1999-2000

Alston, Wilton D. and Walter E. Block. 2007. “Reparations, Once Again.” Human Rights Review, Vol. 9, No. 3, September, pp. 379-392;http://tinyurl.com/2b75fl

Block, Walter E. 1993. “Malcolm X,” Fraser Forum, January, pp. 18-19; http://mises.org/Community/forums/t/5361.aspx

Block, Walter E. 2001. “The Moral Dimensions of Poverty, Entitlements and Theft,” The Journal of Markets and Morality, Vol. 4, No. 1, pp. 83-93;http://www.acton.org/publicat/m_and_m/2001_spring/block.html; http://papers.ssrn.com/sol3/papers.cfm?abstract_id=922087;http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&ved=0CCcQFjAA&url=http%3A%2F%2Fwww.marketsandmorality.com%2Findex.php%2Fmandm%2Farticle%2Fdownload%2F587%2F577&ei=lBn9UuLIOtDOkQe1toHwBw&usg=AFQjCNF2MZ5XoFKKMF5UcOfOT5Kv-HQgZA&sig2=VVYWZhyl0ZmAWRAKXtkxWw; Search for “Walter Block” under “Authors” here:http://www.marketsandmorality.com/index.php/mandm/search

Block, Walter E. 2002. “On Reparations to Blacks for Slavery,” Human Rights Review, Vol. 3, No. 4, July-September, pp. 53-73;
(David Horowitz)

Block, Walter E. and Guillermo Yeatts. 1999-2000. “The Economics and Ethics of Land Reform: A Critique of the Pontifical Council for Justice and Peace’s ‘Toward a Better Distribution of Land: The Challenge of Agrarian Reform,’” Journal of Natural Resources and Environmental Law, Vol. 15, No. 1, pp. 37-69; http://www.walterblock.com/publications/ethics_land_reform.pdf

Best regards, Walter

The post The Evils of Slavery appeared first on LewRockwell.

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From: T
Sent: Wednesday, February 07, 2018 2:53 PM
To: Walter Block
Subject: Books
Good Afternoon Walter: There are a lot of collections of essays that have been put out by Mises over the years. I am doing my best to help others in the world see the value of our shared vision of the NAP and a Private Law Society. R and myself meet with others at my house to go over books and articles once a month and now we have five regular members. I invite more members to my house for a three hour book group meeting each month. Five new members are coming this month, three of them high school teachers. My book group did articles from Theory of Socialism and Capitalism, Secession, State, and Liberty, and The Myth of National Defense is Feb 26- (your essay was great).

Do you have a couple of other books that are collections of essays that you might suggest for further topics, with at least one article you have written. I like to have collections because it allows me to expose non libertarians to a plethora of authors who they might find a connection too.
In March we are doing the war for Southern Independence and a stack of my books are better handed out. Wilson, DiLorenzo, and others

Dear T: Sorry, I don’t organize publications by whether or not they are compilations of contributions by different authors. I do so only by author and subject matter. However, I have a list of libertarian books to which I, along with others, have contributed chapters. Hopefully, this will be of help to you. Best wishes for your efforts to promote liberty


67. Jankovic, Ivan and Walter E. Block. 2017. “Suppose libertarian deontology and pragmatic utilitarianism conflict,” pp. 47-72; Individualizam. Suzana Ignjatović and Aleksandar Bošković, editors; Beograd: Institut drustvenih nauka (Institute of Social Sciences);
ISBN 978-86-7093-192-3

66. Block, Walter E. 2017. “Seasteads and Private Courts: Pro and Con,” pp. 171-177; Seasteads: Opportunities and Challenges for Small New Societies. Victor Tiberius, editor. Die Deutsche Nationalbbliothek


65. Block, Walter E. 2016. “What is the Meaning of Life?” February 2; http://excellencereporter.com/2016/02/02/walter-e-block-what-is-the-meaning-of-life/
Walter E. Block: What is the Meaning of Life?
Nicolae Tanase; Founder of Excellence Reporter www.ExcellenceReporter.com

Sea stead


64. Block, Walter E. 2014. “Private urban planning and free enterprise.” In David Emanual Andersson and Stefano Moroni, eds., Cities and Private Planning: Property Rights, Entrepreneurship and Transactions Costs. Northampton, MA: Edward Elgar

63. Block, Walter E. “Blackmail,” Encyclopedia of Social Deviance, Vol. 1, pages 69-70; editor: Villasenor, Anna [mailto:Anna.Villasenor@sagepub.com]; Anna Villaseñor
Reference Systems Coordinator
SAGE Publications Inc.
2455 Teller Road
Thousand Oaks, CA 91320
T: 805.410.7276
F: 805.375.1719


62. Block, Walter E. 2013. “Is Hayek an Austrian economist? Yes and no. Is Hayek a praxeologist? No.” Hayek and Behavioral Economics; Palgrave Macmillan; pp. 35-69; Roger Frantz and Robert Leeson [rleeson@stanford.edu] editors; http://www.palgrave.com/products/title.aspx?pid=509789; http://www.palgrave.com/PDFs/9780230301160.pdf


61. Block, Walter E. 2012. “Peace and liberty,” in Why Peace, Marc Guttman, ed. Pp. 566-572; ISBN 978-0-9849802-0-8; www.WhyLiberty.com;
http://www.amazon.com/dp/0984980202/ref=as_li_ss_til?tag=lewrockwell&camp=0&creative=0&linkCode=as4&creativeASIN=0984980202&adid=0T3RWDGP83RQSM9YDS4N https://archive.lewrockwell.com/kwiatkowski/kwiatkowski290.html; http://www.why-peace.com/


60. Block, Walter E. 2011. “Advice to the next generation of libertarians.” Freedom’s Phoenix. Pp. 21-22; Ernest Hancock, ed.
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59. Block, Walter E. 2009. “Toward a Libertarian Theory of Guilt and Punishment for the Crime of Statism” in Hulsmann, Jorg Guido and Stephan Kinsella, eds., Property, Freedom and Society: Essays in Honor of Hans-Hermann Hoppe, Auburn, AL: Ludwig von Mises Institute, pp. 137-148; http://mises.org/books/hulsmann-kinsella_property-freedom-society-2009.pdf;
http://mises.org/books/property_freedom_society_kinsella.pdf; festschrift


58. Block, Walter E. 2008. “Ron Paul.” Ron Paul and the New Revolutionaries. Trent Hill, ed.; Lulu.com; http://www.lulu.com/content/1574221


57. McGee, Robert W. and Walter E. Block. forthcoming. “An Ethical Look at Insider Trading” Insider Trading: Regulatory Perspectives. C. Vidya, ed. Hyderabad, India: The ICFAI University Press.

56. McGee, Robert W. and Walter E. Block. 2007. “An Ethical Look at Insider Trading” Insider Trading: Perspectives and Cases. Jayshree Bose, ed. Hyderabad, India: The ICFAI University Press.

55. Block, Walter E. 2007. “The Non Fictional Robert Stadlers: Traitors to Liberty.” Ayn Rand’s “Atlas Shrugged”: A Philosophical and Literary Companion. Edward W. Younkins, editor. Hampshire, England: Ashgate.


54. Block, Walter E. 2005. “Liberdade de Experssao, Discurso, Libelo, Difamacao, Chantagem, Incitamento.” Cultura Do Trabalho, vol. 9; ed., Lars Knorr. Porto Alegre, Brasil: Instituto de Estudos Empresariais


53. McGee, Robert W. and Walter E. Block. 2004. “An Ethical and Economic Look at Insider Trading.” Ordered Anarchy: Festschrift Essays in Honor of Anthony de Jasay. Aschwin de Wolf, ed. Arlington, VA: Singularity Press.


52. Block, Walter E. 2003. “National Defense and the Theory of Externalities, Public Goods and Clubs.” The Myth of National Defense: Essays on the Theory and History of Security Production, Hoppe, Hans-Hermann, ed., Auburn: Mises Institute, pp. 301-334; http://www.mises.org/etexts/defensemyth.pdf (public and private swimming pool); translated, reprinted as: “La defensa nacional y la teoría de las externalidades, los bienes públicos y los clubes.” Procesos de mercado: revista europea de economía política, ISSN 1697-6797, Vol. 13, Nº. 1, 2016, págs. 457-490; https://dialnet.unirioja.es/servlet/articulo?codigo=5807905


51. Block, Walter E. 2002. “Free Association.” The Secessionist Papers. Barry Clark, ed.;

50. Block, Walter E. 2002. “The Libertarian Minimal State?” A critique of the views of Nozick, Levin and Rand, Journal of Ayn Rand Studies, Vol. 4, No. 1, pp. 141-160; reprinted in Younkins, Edward W., ed., 2004. Philosophers of Capitalism: Menger, Mises, Rand and Beyond; http://www.walterblock.com/publications/minimal_state.pdf

49. Block, Walter E. 2002. “The Libertarian Case for Drug Prohibition.” Ron Paul, ed., The Ron Paul Liberty in Media Awards, Vol. 2, Washington D.C.: Palisade Business Press, pp. 52-54


48. Block, Walter E. 2001.”Decentralisatie, Subsidiariteit, Rodney King en Staatsvergoddelijking: Een Libertarische Analyse” in De Markt voor Vrijheid: 25 jaar Libertarisme in de Lage Landen [The Market for Liberty: 25 years of Libertarianism in the Lowlands] (Netherlands plus Belgium), eds. Stefan van Glabbeek and Aschwin de Wolf, Libertarisch Centrum Nederland [Libertarian Centre Netherlands], pp. 549-560.


47. McGee, Robert W. and Walter E. Block. 1997. “Academic Tenure: An Economic Critique,” in DeGeorge, Richard T., ed. Academic Freedom And Tenure: Ethical Issues, Rowman & Littlefield, 1997, a reprint of McGee, Robert W. and Walter E. Block. 1991. “Academic Tenure: A Law and Economics Analysis,” Harvard Journal of Law and Public Policy, Vol. 14, No. 2, Spring, pp. 545-563;

46. Block, Walter E. 1997. “Comment on Seldon,” Radnitzky, Gerard, ed., Values and the Social Order, Vol. 3, London: Avebury, pp. 333-339

45. Block, Walter E. 1997. “Comment on Lynch,” Radnitzky, Gerard, ed., Values and the Social Order, Vol. 3, London: Avebury, pp. 167-169

44. Block, Walter E. 1996. “A Libertarian Perspective on Political Economy,” Bouillon, Hardy, ed., Festschrift in Honor of Gerard Radnitzky, pp. 16-47; https://www.researchgate.net/publication/228217536_A_Libertarian_Perspective_on_Political_Economy?ev=prf_pub

43. Block, Walter, Michael Walker, James Gwartney and Robert Lawson. 1996. “El concepto y la medida de la libertad economica,” Libertad Economica Y Progresso: Un Marco Conceptual, Madrid: Estudios Economicos

42. Block, Walter E. 1995. “Freiheit und Umwelt” (English translation: “Freedom and the Environment”), Widedie Wohlfahrts -diktatur: Zehn liberal e Stimmen, Roland Baader, ed., Grafelfijg, Germany: Resch, pp. 171-190

41. Block, Walter E. 1995. “Values and motivations underlying socialism,” Values and the Social Order, Vol. 1, Values and Society, Gerard Radnitzky and Hardy Bouillon, eds., London: Avebury, pp. 195-223

40. Block, Walter E. 1995. “Comment on Gordon Tullock,” Values and the Social Order, Vol. 2, Society and Order, Gerard Radnitzky and Hardy Bouillon, eds., London: Avebury, pp. 15-26,

39. Block, Walter E. 1995. “Comment on Stephen Post,” Values and the Social Order, Vol. 2, Society and Order, Gerard Radnitzky and Hardy Bouillon, eds., London: Avebury, pp. 151-155

38. Block, Walter E. 1994. “Sex Education” Cliches of Politics, Mark Spengler, ed., Irvington on Hudson, New York: Foundation for Economic Education, pp. 240-242

37. Block, Walter E. 1994. “Pollution,” Cliches of Politics, Mark Spengler, ed., Irvington on Hudson, New York: Foundation for Economic Education, pp. 267-270.

36. Block, Walter E. 1994. “Drug Prohibition: A Legal and Economic Analysis,” Drugs, Morality and the Law, Steven Luper-Foy and Curtis Brown, eds., New York: Garland, pp. 199-216

35. Gwartney, James, Walter E. Block and Robert Lawson. 1992. “Measuring Economic Freedom”, Rating Global Economic Freedom, Stephen T. Easton and Michael A. Walker, eds., Vancouver: The Fraser Institute, pp. 153-229.

34. Block, Walter E. 1992. “Comment on ‘The Economic Approach to International Relations’: Reply to Bernholz,” Universal Economics: Assessing the Achievements of the Economic Approach, Gerard Radnitzky, ed., New York: Paragon House, pp. 413-420

33. Block, Walter E. 1992. “Comment on ‘The Law and Economics Approach’: Reply to Schwartz,” Universal Economics: Assessing the Achievements of the Economic Approach, Gerard Radnitzky, ed., New York: Paragon House, pp. 259-264

32. Block, Walter E. 1992. “Growth is Good,” Economics: A Canadian Perspective, James D. Thexton, ed., Toronto: Oxford University Press, pp. 460-461.

32. Block, Walter E. 1992. “The Level Playing Field in Trade,” Economics: A Canadian Perspective, James D. Thexton, ed., Toronto: Oxford University Press, p. 509.

31. Block, Walter and Robert W. McGee. 1992. “Insider Trading,” Business Ethics and Common Sense, Robert W. McGee, ed., New York: Quorum Books, pp. 219-229.

30. Block, Walter E. 1992. “Institutions, Property Rights and Externalities: The Case of Water Quality,” Agriculture and Water Quality: Proceedings of an Interdisciplinary Symposium, Murray H. Miller, J. E. FitzGibbon, Glenn C. Fox, R.W. Gillham and H.R. Whiteley, eds., Guelph Centre for Soil and Water Conservation, University of Guelph Press, pp. 191-208.

29. Block, Walter E. 1991. “Comment on John Palmer’s ‘Truck and Rail Shipping: The Deregulation Evolution,’” The Economics of Regulation and Deregulation: A Comparison of U.S. and Canadian Experience, Walter E. Block and George Lermer, eds., Vancouver: The Fraser Institute, pp. 170-176; http://www.fraserinstitute.org/researchandpublications/publications/6915.aspx

28. Block, Walter E. 1991. “Comment on Herbert G. Grubel’s ‘Will Canadian Airline Deregulation Fail?’” The Economics of Regulation and Deregulation: A Comparison of U.S. and Canadian Experience, Walter E. Block and George Lermer, eds., Vancouver: The Fraser Institute, pp. 204-208; http://www.fraserinstitute.org/researchandpublications/publications/6915.aspx

27. Block, Walter E. 1990. “Private Property, Ethics and Wealth Creation,” Toward an Ethic of Wealth Creation, Peter L. Berger, ed., San Francisco: Institute for Contemporary Studies, pp. 107-128.

26. Block, Walter E. 1990. “Comment on Alan Walters’ ‘Deregulation and Privatization: Lessons from the U.K.,’” The Law and Economics of Competition Policy, Frank Mathewson, Michael Trebilcock and Michael Walker, eds., Vancouver: The Fraser Institute, pp. 175-178.

25. Block, Walter E. 1990. “Reconciling Efficiency, Freedom and Equality,” Options in Economic Design, Shripad Pendse, ed., Westport, CT: The Greenwood Press, pp. 31-50.

24. Block, Walter E. 1990. “The Process of Privatization,” International Privatization: Global Trends, Policies, Processes, Experiences, O. Yul Kwon, ed., Saskatchewan: Institute for Saskatchewan Enterprise, pp. 431-436.

23. Block, Walter E. 1990. “Comment on Schwartz and Bernholz,” Universal Economics: Assessment of the Achievements of the Economic Approach, G. Radnitzky, ed., New York, N.Y.: Paragon House Publishers

22. Block, Walter E. 1990. “Environmental Problems, Private Property Rights Solutions,” Economics and the Environment: A Reconciliation, Walter E. Block , ed., Vancouver: The Fraser Institute, pp. 281-332; sections reprinted in the Reason Foundation’s Econ Update, 1990; sections reprinted in Economic Principles and Policy, Baumol, Blinder and Scarth, eds., New York: Harcourt, Brace, Jovanovich, 1992; translation into Polish by Kancelaria Sejmu, forthcoming; reprinted in Environmental Science and Engineering; translation into Portuguese, Projecto Moderidade, forthcoming; translation into Spanish, forthcoming; translation into French, in Ecologie et Liberte, Max Falque and Guy Milliere, eds., Paris: Litec, 1992, pp. 323-376; http://www.fraserinstitute.org/researchandpublications/publications/6918.aspx;

21. Block, Walter E. 1989. “Ludwig von Mises and the 100% Gold Standard,” The Meaning of Ludwig von Mises, Llewellyn Rockwell, ed., New York, Lexington Books

20. Block, Walter E. 1989. “Comment on William Stanbury’s ‘Privatization in Canada: Ideology, Symbolism or Substance?’” Paul MacAvoy, William Stanbury, George Yarrow and Richard Zeckhauser, eds., Privatization and State-Owned Enterprises: Lessons for the U.K., Canada and the U.S., Boston, Kluwer, pp. 331-336.

19. Block, Walter E. 1989. “Population Growth: Is it a problem?” Resolving Global Problems into the 21st century: How Can Science Help Proceedings of the Fourth National Conference of Canadian Pugwash, Peter S. Ross, Sheila Riordon and Susan MacArtney, eds., Ottawa: CSP Publications, pp. 30-61.

21. Block, Walter E. 1988. “How the Market Creates Jobs and How the Government Destroys Them,” The Free Market, May; translated into Spanish as “El mercado crea trabajos, el gobierno los destruye,” in El Siglo, Dominican Republic, 12 March 1991, p. 8B; Polish translation: http://mises.pl/blog/2008/12/18/walter-block-o-tym-jak-rynek-tworzy-miejsca-pracy-a-rzad-je-niszczy/; in Rockwell, Llewellyn H. ed. 1988. Essays in the Economics of Liberty: The Free Market Reader, California: The Ludwig von Mises Institute, pp. 65-69; http://www.mises.org/freemarket_detail.asp?control=476; https://mises.org/library/free-market-reader-0; https://books.google.ca/books?id=Gq-ywTMeqeAC&pg=PA9&lpg=PA9&dq=%22Murray+N.+Rothbard:+Giant+of+Liberty%22&source=bl&ots=GrSgoAxLsQ&sig=osUR4z-5UhqjuHoCbQVxgW1tNwo&hl=en&sa=X&ei=8i9WVY_UNJLlsATnroHYAg&ved=0CB0Q6AEwAA#v=onepage&q=%22Murray%20N.%20Rothbard%3A%20Giant%20of%20Liberty%22&f=false; https://www.lewrockwell.com/2017/03/walter-e-block/market-creates-jobs/

20. Block, Walter E. 1988. “Privatize the Roads,” in Rockwell, Llewellyn H. ed. 1988. Essays in the Economics of Liberty: The Free Market Reader, California: The Ludwig von Mises Institute, 266-270; http://www.mises.org/freemarket_detail.asp?control=476; https://mises.org/library/free-market-reader-0; https://books.google.ca/books?id=Gq-ywTMeqeAC&pg=PA9&lpg=PA9&dq=%22Murray+N.+Rothbard:+Giant+of+Liberty%22&source=bl&ots=GrSgoAxLsQ&sig=osUR4z-5UhqjuHoCbQVxgW1tNwo&hl=en&sa=X&ei=8i9WVY_UNJLlsATnroHYAg&ved=0CB0Q6AEwAA#v=onepage&q=%22Murray%20N.%20Rothbard%3A%20Giant%20of%20Liberty%22&f=false

If you would like to have the audiobook here is a code to give it to you for free.
1. Go to my book’s page on Audible.com: http://www.audible.com/pd/Business/The-Privatization-of-Roads-and-Highways-Audiobook/B0167IT18K/
2. Add the audiobook to your cart.
3. Create a new Audible.com account or log in.
4. Enter the promo code and click “Redeem” on the cart page.
5. To change the price from full price to $0.00, click the box next to “1 Credit” and click the “update” button to apply the credit to your purchase.
6. Complete checkout, and start listening to the free copy of the book.

19. Block, Walter E. 1988. “The Case for a Free Market in Body Parts,” Rockwell, Llewellyn H. ed. 1988. Essays in the Economics of Liberty: The Free Market Reader, California: The Ludwig von Mises Institute, pp. 270-272; http://www.mises.org/freemarket_detail.asp?control=476; https://mises.org/library/free-market-reader-0; https://books.google.ca/books?id=Gq-ywTMeqeAC&pg=PA9&lpg=PA9&dq=%22Murray+N.+Rothbard:+Giant+of+Liberty%22&source=bl&ots=GrSgoAxLsQ&sig=osUR4z-5UhqjuHoCbQVxgW1tNwo&hl=en&sa=X&ei=8i9WVY_UNJLlsATnroHYAg&ved=0CB0Q6AEwAA#v=onepage&q=%22Murray%20N.%20Rothbard%3A%20Giant%20of%20Liberty%22&f=false

18. Block, Walter E. and Llewellyn H. Rockwell, Jr., “Murray N. Rothbard: Giant of Liberty,” Rockwell, Llewellyn H. ed. 1988. Essays in the Economics of Liberty: The Free Market Reader, California: The Ludwig von Mises Institute, pp. 195-199; http://www.mises.org/freemarket_detail.asp?control=476; https://mises.org/library/free-market-reader-0; https://books.google.ca/books?id=Gq-ywTMeqeAC&pg=PA9&lpg=PA9&dq=%22Murray+N.+Rothbard:+Giant+of+Liberty%22&source=bl&ots=GrSgoAxLsQ&sig=osUR4z-5UhqjuHoCbQVxgW1tNwo&hl=en&sa=X&ei=8i9WVY_UNJLlsATnroHYAg&ved=0CB0Q6AEwAA#v=onepage&q=%22Murray%20N.%20Rothbard%3A%20Giant%20of%20Liberty%22&f=false

17. Block, Walter E. 1988. “Fractional Reserve Banking,” Man, Economy and Liberty: Essays in Honor of Murray N. Rothbard, Walter E. Block and Llewellyn Rockwell, eds., Auburn University, The Mises Institute, pp. 24-31; https://mises.org/sites/default/files/Man,%20Economy,%20and%20Liberty%20Essays%20in%20Honor%20of%20Murray%20N%20Rothbard_2.pdf

16. Block, Walter E. 1988. “Discussion,” The Preferential Option for the Poor, Richard John Neuhaus, ed., Grand Rapids, Mich.: William E. Eerdmans Publishing Co., pp. 87-114.

15. Block, Walter E. 1988. “Discussion,” Freedom Democracy and Economic Welfare; Proceedings of an International Symposium, Michael Walker, ed., Vancouver: The Fraser Institute.

14. Block, Walter E. 1987. “Discussion,” Conceptual Issues in Service Sector Research: A Symposium, Herbert G. Grubel, ed., Vancouver: The Fraser Institute.

13. Block, Walter E. 1987. “Trading Money for Silence?” Economic Imperialism: The Economic Approach Applied Outside the Traditional Areas of Economics, Peter Bernholz and Gerard Radnitzky, eds., New York: Paragon House, pp. 157-218;

12. Block, Walter E. 1986. “Comment on Meir Tamari’s ‘Judaism and the Market Mechanism’,” Religion, Economics and Social Thought, Walter E. Block and Irving Hexham, eds., Vancouver: The Fraser Institute, pp. 430-449; http://www.fraserinstitute.org/researchandpublications/publications/7074.aspx

11. Block, Walter E. 1985. “Directions for Future Research in Equal Pay Legislation,” Towards Equity: Proceedings of a Colloquium on the Economic Status of Women in the Labour Market, Muriel Armstrong ed., Ottawa: The Economic Council, pp. 119-21, 134-135, 179-182.

10. Block, Walter E. 1985. “Comment on Phillip Wogaman’s ‘Theological Perspectives on Economics’,” Morality of the Market: Religious and Economic Perspectives, Walter E. Block , Geoffrey Brennan and Kenneth Elzinga, eds., Vancouver: The Fraser Institute, pp. 67-96.

9. Block, Walter E. 1985. “Ethical Reflections on the Economic Crisis,” Theology, Third World Development and Economic Justice, Walter E. Block and Donald Shaw, eds., Vancouver: The Fraser Institute, pp. xi-xvii, 67-72, 91-117.

8. Block, Walter and Michael Walker. 1984. “Taxation: International Evidence,” Taxation: An International Perspective. Walter E. Block and Michael A. Walker, eds., Vancouver: The Fraser Institute, pp. 3-19.

7. Block, Walter E. 1984. “Controversy: Who Speaks for the Free Market: Monetarists or Supply Siders?” in J. Lewis and J. Peron, eds. Liberty Reclaimed: A New Look at American Politics, Meriden, CT: Free Forum Books, p. 27; reprint Block, Walter E. 1983. “Controversy: Who Speaks for the Free Market: Monetarists or Supply Siders?” Policy Review, No. 24, Spring, pp. 9-12


6. Block, Walter E. 1983. “Discussion of Russell Hardin’s ‘Difficulties in the Notion of Economic Rationality’,” Absolute Values and the Creation of the New World: Proceedings of the Eleventh Annual Conference on the Unity of the Sciences, Vol. II, New York: The International Cultural Foundation Press, pp. 963-968.
5. Block, Walter E. 1983. “Free Market Highways,” Alan Burris, ed., A Liberty Primer, Rochester, New York: Society for Individual Liberty, pp. 234-237.

4. Block, Walter E. 1983. “Why minimum-wage law is often against low-pay worker?” in Sexty, Robert W., ed. Issues in Canadian Business, Scarborough, ON: Prentice-Hall, Canada, p. 139; reprinted from 10/25/80 “Why minimum-wage law is often against low-pay worker?” The Financial Post, p. 24.

3. Block, Walter E. 1982. “Rent Controls–Who Benefits and Who Is Hurt,” Housing in Canada: A Continuing Challenge, Paul Cosgrove and Raymond V. Hession, eds., Don Mills, Ontario: The Canadian Real Estate Association, pp. 197-209.

2. Block, Walter E. 1982. “Economic Intervention, Discrimination and Unforeseen Consequences,” Discrimination, Affirmative Action and Equal Opportunity, Walter E. Block and Michael A. Walker, eds., Vancouver: The Fraser Institute, pp. 101-125.

1. Block, Walter E. 1982. “A Reply to the Critics,” Rent Control: Myths & Realities, Walter E. Block and Edgar O. Olsen, eds., Vancouver: The Fraser Institute, 1981, pp. 283-319; sections reprinted as “Housing is Not a basic human right,” Canadian Housing, Vol. 6, No. 1. Spring 1989, pp. 30-31; reprinted as “If housing is a basic human right, we live in a moral swamp,” Vancouver Province, 5 March, 1982.

The post Libertarian Book Compilations appeared first on LewRockwell.

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From: J
Sent: Wednesday, February 07, 2018 1:13 PM
To: wblock@loyno.edu
Subject: A self indulgent question from across the pond.

Dear Prof. Dr. Block, I’m writing to you from the Netherlands to ask you a question which may be a bit unusual. I’ve recently started my Master’s degree in philosophy of politics and economics at XYZ University, and in writing my BA thesis in philosophy (specialising in political philosophy) I came across Austrian economics. I was very intrigued by your lectures and I’m wondering if you could perhaps suggest some reading for my Master thesis. Unfortunately I’m surrounded by social/high-liberals and I don’t have anyone around to help me find my way into Austrian Economics. So what is my thesis? At the moment I’m asking myself the following question; can Austrian economics teach us something significant about political philosophy, and if so; what? In one of your lectures on Austrian Economics you said that is similar to logic rather than mathematics. I was fascinated by that statement and wondered why there aren’t many philosophers who are Austrian economists. After all, if your statement is correct, then philosophy and Austrian economics seem like a perfect match. Specifically I’m asking where to start. Since I’m only slightly familiar with Austrian Economics I’m at a loss where to start with reading up on some of the philosophical foundations of Austrian economics and which philosophical issues are debated among Austrian economists. I hope you will be able to help me in this regard. I’ve recently started reading Rothbard’s Man, Economy, and State: A Treatise on Economic Principles. But if you have any other suggestions to get the basics of Austrian Economics, and further reading on philosophical debates surrounding it, I would very much appreciate it. Kind regards, J

Dear J: I wouldn’t start my introduction to Austrian economics with Man, Economy and State, as much as I revere that book. Instead, I’d start off easier, with the introductory material mentioned below. If you absolutely must read MES as your introduction, then at least read, alongside of it, Bob Murphy’s study guide for it: which can also be found below, along with much much more.
More free advice. You say you are “surrounded by social/high-liberals and I don’t have anyone around to help me find my way into Austrian Economics.” Why not transfer to a university that can supply you with resources of that sort? I’ll send you, or anyone else, under separate cover, more information on that.

Do peruse this list: http://www.libertyclassroom.com/learn-austrian-economics/

Here are my favorite intro pieces:

1. Mises, Ludwig von. 1988 [1958]. Liberty and Property. http://www.mises.org/document/880/Liberty-and-Property; http://library.mises.org/books/Ludwig%20von%20Mises/Liberty%20and%20Property.pdf

2. Rothbard, Murray N. 1963, 1985, 1990 What Has Government Done to Our Money? Auburn, AL.: Mises Institute; http://www.mises.org/rothbard/rothmoney.pdf

3. Mises, Ludwig von. 1969. Bureaucracy, New Rochelle, N.Y.: Arlington House; http://www.mises.org/Literature/search/?q=Bureaucracy; http://www.mises.org/document/875/Bureaucracy; http://bit.ly/MisesBUR

4. Rothbard, Murray N. 1969. “The Austrian Theory of the Trade Cycle,” p. 78-79, in Economic Depressions: Their Cause and Cure, Lansing, Michigan: Constitutional Alliance
http://mises.org/tradcycl/econdepr.asp; http://mises.org/daily/3127/Economic-Depressions-Their-Cause-and-Cure

5. Mises, Ludwig von. 1972. The Anti-Capitalist Mentality, South Holland, IL: Libertarian Press; http://www.mises.org/Literature/search/?q=The Anti-Capitalist Mentality; http://www.mises.org/document/1164/The-AntiCapitalistic-Mentality

6. Rothbard, Murray N. 1996. “Economic Depressions: Their Cause and Cure.” The Austrian Theory of the Trade Cycle and Other Essays. Auburn, AL: The Ludwig von Mises Institute, pp. 37-64. (Originally published by the Center for Libertarian Studies, 1978.) http://mises.org/daily/3127/Economic-Depressions-Their-Cause-and-Cure

7. Mises, Ludwig von. 1975[1933]. Economic Calculation in the Socialist Commonwealth, http://www.mises.org/Literature/search/?q=Economic Calculation in the Socialist Commonwealth; http://www.mises.org/document/448/Economic-Calculation-in-the-Socialist-Commonwealth

8. Rothbard, Murray N. 1994. The Case Against the Fed. Auburn, AL: The Ludwig von Mises Institute; http://mises.org/books/fed.pdf

9. Mises, Ludwig von. 1952. Planning for Freedom. http://www.mises.org/document/4309/Planning-for-Freedom-and-Twelve-other-Essays-and-Addresses;http://library.mises.org/books/Ludwig%20von%20Mises/Planning%20for%20Freedom%20and%20Twelve%20other%20Essays%20and%20Addresses.pdf

10. Rothbard, Murray N. 1962. “The Case For a 100 Percent Gold Dollar.” Leland Yeager (ed.), In Search of a Monetary Constitution. Cambridge, MA: Harvard University Press, pp. 94 136. Reprinted as The Case For a 100 Percent Gold Dollar, Washington, DC: Libertarian Review Press, 1974. http://mises.org/rothbard/100percent.pdf


5:04 pm on February 7, 2018

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From: Y
Sent: Monday, February 05, 2018 5:28 PM
To: wblock@loyno.edu
Subject: Inflation and Business cycle
Hi Professor Block, I have a question on money and the Austrian theory of the business cycle. Bitcoin currently has a yearly inflation rate of 3.98% and that will vary predictably into the future. Presumably, any currency including gold that is mined will also have a yearly inflation rate.
Even in a system with full reserve banking and without a government mandated interest rate wouldn’t a business cycle result. Any amount of inflation by itself would have an impact on the interest rate and thus give an incorrect signal to entrepreneurs which will result in the business cycle. Thanks, Y

Dear Y: According to the left wing Samuelson Keynesians, the free enterprise system is unstable, always tending to hive off into either inflation or unemployment, and the best solution to this market failure is fiscal policy. According to the right wing Friedmanite Keynesians, the free enterprise system is unstable, always tending to hive off into either inflation or unemployment, and the best solution to this market failure is monetary policy. According to ABCT, there is no such thing as market failure in this case, or, indeed, in any other. Yes, there will be adjustments, but there will be nothing deserving the appellation of a business cycle under full laissez faire capitalism. When the Fed interferes with the interest rate, it leads investors, as if by an “invisible hand” to engage in unsustainable projects, because the saving decisions of the populace have not thereby changed. However, in the free enterprise system you posit, changes in interest rates will indeed emanate from alterations in the time preferences of the populace. If businessmen are guided by interest rate changes emanating from that source, investors, will not be led, as if by an “invisible hand” to engage in unsustainable projects. Here is a reading list you might want to pursue on this issue:

Rothbard, Murray N. 1963, 1985, 1990 What Has Government Done to Our Money? Auburn, AL.: Mises Institute; http://www.mises.org/rothbard/rothmoney.pdf

Rothbard, Murray N. 1969. “The Austrian Theory of the Trade Cycle,” p. 78-79, in Economic Depressions: Their Cause and Cure, Lansing, Michigan: Constitutional Alliance
http://mises.org/tradcycl/econdepr.asp; http://mises.org/daily/3127/Economic-Depressions-Their-Cause-and-Cure

Rothbard, Murray N. 1996. “Economic Depressions: Their Cause and Cure.” The Austrian Theory of the Trade Cycle and Other Essays. Auburn, AL: The Ludwig von Mises Institute, pp. 37-64. (Originally published by the Center for Libertarian Studies, 1978.) http://mises.org/daily/3127/Economic-Depressions-Their-Cause-and-Cure

Read, especially, the latter of these.


9:04 pm on February 6, 2018

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Advice for Studies in Graduate School; and Undergraduate Too!

From: S
Sent: Friday, December 15, 2017 7:09 AM
To: Walter Block
Subject: Re: Macquarie University Offer of Candidature and Scholarship – 45043175 Sabhlok, Sukrit – PHD;LAW – Session 1 2018
Thanks Walter. I just want to confirm that your advice is to accept an offer from the highest ranked university. Therefore, if a higher ranked university gives me I should immediately withdraw from Macquarie (top 200 in world) and accept Queensland (top 50 in world)? (of course, if Cambridge accepts me (top 10 in world?), it is a no-brainer that I should drop everything and move). I am just asking now because a lot of my future plans will depend on the flexibility to pack up and move at a moment’s notice to a higher ranked university, so I wanted to get your take. Or do you think that choice of supervisor is more important? That is, which supervisor is more libertarian and therefore more likely to support my overall career after graduating rather than just helping me with the PhD? Regards S

Dear S: That’s a tough question. I really don’t have an answer to it. It’s like saying, this friend is more interesting, but that one is nicer. Each demands that I give up the other. What should I do (apart from giving up on both of these idiots)? It really depends upon the specifics. Just how interresting. Just how nice. And, upon your tastes. Yes, good superivsors help not only in getting you that phd degree, but, also, with your (at least) first job. But the prestige of the university is also important for the latter goal. I wish I could be of more help to you. But, as I say, that’s a tough question. A much easier question (when a professor can’t answer a question, a good one poses a different one, even vaguely related, that he can answer) is: Which is more important not for grad school, but for an undergraduate education, prestige or support of a professor. And here the answer, at least in my mind, is clear: kudos to the latter, not the former. Take my (admittedly anecdotal) case. My undergraduate degree was from Brooklyn College, a not very prestigious institution. And, I had mediocre marks (2.7 out of 4.0). Yet, I had good teachers, very supportive (Martin Lean, John Hospers), and with their help I was able to get into Columbia University, a much more prestigious institution. I think that as a general rule, prestige is much more important the higher you go up in the educational heirarchy. Who even cares if someone went to a prestigious high school???!!! Which brings me, ahem, to my own efforts to encourage Austro-libertarian students who want a good undergraduate education to come study with me and my free enterprise colleagues at Loyola University (New Orleans is Party City: we’re now celebrating Mardi Gras). For more support of this contention of mine:

If it moves, privatize it; if it doesn’t move, privatize it. Since everything either moves or doesn’t move, privatize everything.

“It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a ‘dismal science.’ But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.” Murray N. Rothbard

“Everyone carries a part of society on his shoulders; no one is relieved of his share of responsibility by others. And no one can find a safe way out for himself if society is sweeping toward destruction. Therefore, everyone, in his own interests, must thrust himself vigorously into the intellectual battle. None can stand aside with unconcern; the interest of everyone hangs on the result. Whether he chooses or not, every man is drawn into the great historical struggle, the decisive battle into which our epoch has plunged us.” Ludwig von Mises

Block, Walter E. 2017. “C’mon Down To New Orleans; The Water’s Fine. Enroll at Loyola University.” June 27;

C’mon Down To New Orleans; The Water’s Fine. Enroll at Loyola University

Loyola Economics Students Published Widely in Refereed Journals; http://www.loyno.edu/news/story/2017/7/17/3962

Block, Walter. 2017. “The Best Place to Study Undergraduate Economics.” June 30; http://www.economicpolicyjournal.com/2017/06/the-best-place-to-study-undergraduate.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+economicpolicyjournal%2FKpwH+%28EconomicPolicyJournal.com%29

Wenzel, Robert. 2017. Interview with Walter E. Block. “The Inside Scoop on Studying Economics at Loyola University-New Orleans” September 3; http://www.economicpolicyjournal.com/2017/09/the-inside-scoop-on-studying-economics.html

Top Ten Contemporary Academics Helping The Political Right (#8)

100 Most Influential Libertarians: A Newsmax/FreedomFest List (#46)


12:23 pm on February 5, 2018

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