Understanding basic economics is crucial for all libertarians. No other field offers as clear and irrefutable a case for liberty. Indeed, statism draws much of its support from the public’s flawed understanding of economics. Even libertarians are occasionally led astray by flawed economic reasoning. A friend recently brought a book designed to combat such flaws to my attention: Geoffrey E. Wood’s Fifty Economic Fallacies Exposed.
Law professor Tom W. Bell of Chapman University is an emerging pro-property rights anti-IP star (and one of the handful of patent lawyers who publicly opposes patent law) — his draft book Intellectual Privilege: Copyright, Common Law, and the Common Good looks very promising. For a concise statement of his views, see his wonderful performance in The Great Debate on Intellectual Property, Cato Policy Report (January/February 2002). Note how solid and refreshingly lucid and libertarian his approach is, as contrasted, say, with that of James DeLong in the same publication (I debated DeLong in an Insight magazine symposium in 2001, where he gave similarly weak arguments for IP).