First Toronto Austrian Scholars Conference

(Austrian) Economics, Education
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The Mises Institute Canada is holding its first Austrian Scholars Conference in Toronto, later this year. From its website:

October 5-6, 2012. 

University of Toronto, St. George Campus

Toronto, Ontario, Canada.

Faculty, Students, Independent Scholars and  Observers Register Here

In order to help fulfill it’s mission, the Mises Institute of Canada is launching the Toronto Austrian Scholars Conference. The conference is designed to combine the opportunities of a professional meeting, with the added attraction of hearing and presenting new and innovative research, engaging in vigorous debate, and interacting with likeminded scholars who share research interests.

Papers and panels cover a wide range of fields that impact on the Austrian paradigm, including: monetary theory; international trade; money and banking; methodology; history of thought; economic history; business cycles; geography; interventionism; literature; political philosophy; philosophy of science; society, culture, and religion; business regulation; environmental political economy; and history and theory of war.

Participants who wish to present their papers must send an abstract to redmond@mises.ca no later than August 24th, 2012. Submissions will be accepted until all the time slots are taken. Abstracts should be two pages or less with double spacing, one-inch margins and 12 point font. Authors should indicate in the body of the e-mail if they would be willing to volunteer as discussants and/or session moderators.

Submission review and selection will be handled by Predrag Rajsic of the University of Guelph,  Walter Block the Harold E. Wirth Eminent Scholar Chair in Economics and Professor of Economics at Loyola University New Orleans and David Howden, chair of the Division of Business and Social Sciences at Saint Louis University Madrid.

The director of the conference is Redmond Weissenberger, Founding Director of the Ludwig von Mises Institute of Canada.

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Laissez Faire Books Launches the Laissez Faire Club

(Austrian) Economics, Anti-Statism, Business, Education, History, Libertarian Theory, The Basics
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Laissez Faire Books

Laissez Faire Books (LFB) is a seminal libertarian institution that dates back to 1972, six years before I was born. In its heyday, it played a central role in the libertarian movement as the largest libertarian bookseller, a publisher of libertarian books, and an old-school social network, hosting social gatherings and other events. This was before my time.

I’d never bought a book from LFB until yesterday (the 19th). By the time I became a libertarian in my undergraduate years at Louisiana State University, after reading the work of Ayn Rand (starting with The Fountainhead) at the urging of a friend, I was able to learn about libertarianism and Austrian economics from a large and growing sea of resources online. I bought books from Amazon and the Ludwig von Mises Institute (LvMI), read online articles and blogs, and took advantage of the growing library of digitized books and other media put online and hosted by the LvMI.

Laizzez Faire Books was fading into irrelevancy and, I think, in danger of being shuttered for good as it was passed from new owner to new owner. Enter Agora Financial, the latest owner of LFB, and hopefully the organization that will oversee its resuscitation and return to relevancy. With Jeffrey Tucker at the helm as executive editor, the prospects for profitability, innovation, and spreading the message of liberty are exciting indeed.

Many, if not most, of you know Jeffrey Tucker as the editorial vice president who led the LvMI into the digital age, building it into the open-source juggernaut with a vast online and free library of liberty and a thriving community that it is today. We were sad to see him leave that beloved institution, but eager to see what he would do in charge of a for-profit publisher and bookstore. Now we’ve been given the first taste.

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Tom Woods’s Liberty Classroom

(Austrian) Economics, Anti-Statism, Education, History, Technology
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My friend Tom Woods has just launched an exciting new educational platform: Liberty Classroom, the tagline of which is: “The History They Didn’t Teach You.” As the website explains:

The intellectual battle for the free society is on. Liberty Classroom’s ambitious goal is to equip as many ambassadors of liberty as possible with the knowledge they need to win that battle. We take a machete to the comic-book version of U.S. and European history most of us learned in school. We don’t believe the version of events that credits government with all the good things of civilization, that insists we’d be lost without the political class, and that warns us of the wickedness and exploitation to be found in the voluntary sector of society.

We believe in freedom. And that’s what we teach at Liberty Classroom.

We’re starting with history, but watch for other subjects to come.

Win more debates. Spread the message more effectively. Understand the world better. Learn from — and interact with — some of the most respected and accomplished scholars in the liberty movement. Join today!

Initial courses include:

Congratulations and good luck to Tom!

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Education by Experience as the Only Hope for Mankind

(Austrian) Economics, Anti-Statism, Education, Libertarian Theory
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a long habit of not thinking a thing wrong, gives it
a superficial appearance of being right, and raises at
first a formidable outcry in defense of custom.
But the tumult soon subsides. Time makes more
converts than reason.
Thomas Paine

It has been my experience that many libertarians abhor realism. They deride it as being pessimistic. They seem to think it is some sacred libertarian duty to “believe” that we “can” “win”—in our lifetimes, or in the next election cycle, I suppose. My sense is that much of this is driven by the more “activist”—in the sense of electoral politics—type of libertarian. It’s as if they believe that without a belief that possible victory is around the corner, too many people will give up in resignation. So we have to maintain the illusion that victory is around the corner to remain self-motivated.

I have always disliked this kind of—what seems to me to be—self-deception. I fight for liberty because it is right, not because I think we are about to “win.” I fight for liberty whether we can win or not. So I have never been afraid of pessimism or realism since in my case, I am not afraid it will lead me to give up or change my mind. This is the advantage of having a principled case for liberty. If you get involved in the movement in the naive hopes that we can change the system with a few pamphlets or blogs or campaigns, you are setting yourself up for disappointment. But if you have a more long-term view, you fight for liberty for love, and because it is beautiful and right.1

And when you look around things are pretty bleak. Most people have no interest in sound economics or intellectual consistency. So is there any hope? Well, what is needed to achieve a free society? It is 100% conversion to libertarianism? No, I don’t think so. In fact such a society is hard to imagine. Suppose we had an anarcho-libertarian utopian paradise where literally everyone was peaceful and libertarian. In such a society people would not lock their doors, they would be less careful in protecting their property, and so on. In such a society, the incentive for the marginally worst person to “defect” and start stealing would be great, since there is so much low-hanging fruit. The point is that even in a largely libertarian utopia we can expect some degree of private crime. And this can be dealt with by insurance, private security agencies or measures like locks on doors or passwords on accounts, ostracism, and so on. To achieve a private law society we need not totally eliminate aggression, but keep it to small, marginal levels. There would be no public or institutionalized aggression, as there would be no state, but there would be some marginal background amount of private crime. The key thing is that the overwhelming societal consensus be compatible with libertarian property rights. Is this achievable?

Well we already have a certain degree of civilization and society. To the extent we do, it is because most people are already more or less libertarian, at least in their private lives. Most people would not steal from their neighbors, rape, pillage or loot, even if they could get away with it. They are simply not consistent or economically literate enough to realize that their basically civilized stance implies the state is illegitimate. My view has long been that most people are decent and have civilized grundnorms or basic values; if they were only more consistent and principled and economically literate, they would realize why a full-fledged free market is necessary, and why the host of modern state policies and institutions are incompatible with their more basic values.2

This is why one principal libertarian goal has been one of education: to educate people in basic economics and basic political philosophy. Thus we recommend Hazlitt’s Economics in One Lesson or Bastiat’s The Law to people. We corner them at cocktail parties. We offer to send them PDF pamphlets or links or blog posts. But as we have all seen in such cases, they are not really interested. Most of these people have rarely read a non-fiction book or article. Certainly not the type we think they need, like Bastiat, Rothbard, Mises. In the far flung future perhaps we will all be hyper-wealthy men of leisure with 50 more IQ points and this will change. But I doubt it.

Perhaps recognizing the futility of educating or converting the masses in any reasonable time frame, a divide and conquer approach is employed: libertarian think tanks and scholars attempt to influence those at the top of the intellectual pyramid, such as academics, in the hopes of some kind of trickle-down effect: the professors write the texts and set the tone, the students and future politicians pick it up, and so on. Yet this has been tried for decades and the results are obviously discouraging: taxes and spending keep going up. I suppose some could argue that without the subtle behind the scenes push on the top of the pyramid current spending and taxes would be even worse. But this is hard to imagine and harder still to prove, and, in any case, even if true, it’s thin gruel.

I do agree that if there is any long run hope for a liberated mankind it has to be accompanied by a significant overall enlightenment, specifically more economic literacy. Given the failures we have seen to date in our efforts to spread the good news of free markets, is there any realistic hope that we can achieve a freer society by raising the level of economic literacy, despite the general anti-intellectualism of the world or nation’s populace?

I think there is. The opening quote above by Paine is a hint as to my view on this. Consider the fall of Soviet communism circa 1990. Before then you had many leftists in the West who were commie/socialist apologists. Most people were dimly aware of the debate and paid little heed. As far as they were concerned capitalism (in the libertarian sense) and socialism were just alternative ways of arranging an economy, each with its own advantages and drawbacks. Misesians and libertarians had various principled and economic reasons for opposing socialism. Everyone else was ignorant, apathetic, inconsistent, or pragmatic. Thus they were prone to treat the two as competing systems.

But my impression is that the general attitude towards central economic planning, communism, and outright socialism has changed. Most people now recognize that we have to have at least some free market core to produce wealth. They realize that communism is bankrupt and leads to poverty. Why do they know this? Have they read Mises or Hazlitt? No. They simply saw the West get richer, and communism collapse. Experience was a teaching moment in history, for all of humanity. This is a sign of hope. Even people that are un- or anti-intellectual, who are uneducated in economics (or, worse, educated in mainstream economics), have learned something basic about economic freedom. They know that it works, and that state planning does not. They are not consistent, of course, but their awareness of the failings of central planning is levels above that of people in the 1970s, say.

To me, this is a sign of hope. It implies that we do not have to hope that 78% of adults become libertarian intellectuals, reading Rand and Rothbard and Bastiat, to rally to the side of freedom. We can presuppose that they are decent already at core—if not, humanity and civilization have little hope. But we can hope for a gradual improvement in overall economic literacy because experience and the unfolding of history will continue to teach it. (With some of the intellectuals and scholars in the background offering an undergirding support for those few seeking more depth and consistency.)

I picture the underlying free market economy as a strong stallion, with a bunch of gnashing state parasite beasts latching onto it with sharp claws and blood suckers, continually sapping its strength, living off of it, and dragging it down. If the state grows faster than the market and technology, maybe it will finally drag the stallion down, killing it, and dragging society into a new dark age. But I think it is more likely that the free market stallion will continue to outpace the ability of the state to sap its strength. The Internet will continue to develop into a market force and an informational/communicative force to fight to the state. As technology and the division of labor expand and improve, as the world population increases and more developing nations lurch towards industrialization and some semblance of libertarian capitalism, as the Internet and communication and networking, learning, and sharing combine, it is possible that we will continue to see radical increases in wealth and prosperity—despite the state’s frictional drags and setbacks. As I noted in “Stephan Kinsella on the Logic of Libertarianism and Why Intellectual Property Doesn’t Exist,”

The Internet is one of the most significant developments in our lifetime, perhaps in the history of humanity. The state is trying to control the Internet but I believe and hope that by the time the state is fully roused to the danger the Internet poses to it, it will be too late for it to stop it. As a Salon writer said about former congressman/now copyright lobbyist Chris Dodd after the Internet uprising that helped defeat the Stop Online Piracy Act (SOPA): “No wonder Chris Dodd is so angry. The Internet is treating him like damage, and routing around it.” My hope is that the Internet will find ways to treat the state like the cancerous damage that it is, and route around it and leave it in the dust.

I do expect technological advances to continue, despite state interference, and to continually enrich mankind. As this happens, over time, I expect that a growing number of average people will learn by experience and osmosis of the power of freedom, technology, and market, and become more and more cynical about the efficacy and justice of state interventions—just as people have learned to be cynical about central planning after seeing the economic collapse of the USSR and its satellite states.

I am actually fairly confident this will happen, since life is a force that is hard to snuff out. There may be setbacks, and it’s hard to predict how long this will take, but I do believe that in the end, freedom will win because it is just, it is right, it is compatible with the nature of reality and with the nature of decent humans. At some point the disparity between the statist way and the individualistic, free way will become too apparent for most people to ignore.

This is my hope.

Update: Louigi Verona has an interesting response to my post at Bad lessons of history: Do we really learn?, where he argues that I am a bit too optimistic. Could be.


  1. See my post Why I’m a Libertarian–or, Why Libertarianism is Beautiful; also, The Trouble with Libertarian ActivismWhat It Means To Be an Anarcho-Capitalist, and The Irrelevance of the Impossibility of Anarcho-Libertarianism

  2. For more on such “grundnorms,” see What Libertarianism Is; The Division of Labor as the Source of Grundnorms and Rights; Empathy and the Source of Rights

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TLS Podcast Picks: Ridley and Lehrer on Creativity and Ideas

Education, IP Law, Podcast Picks, Technology
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Recommended podcasts:

  • How Creativity Works: An interview with Jonah Lehrer,” by June Thomas, Slate’s The Afterword podcast (Friday, March 30, 2012).  “In Imagine: How Creativity Works, Jonah Lehrer explores some of the myths of creativity and discovers that it isn’t a gift possessed by a lucky few, but rather a variety of processes that everyone can learn to use more efficiently. This 32-minute conversation ranges from the origins of the Swiffer, why 3M is such an innovative company, what people who work alone can do to replicate the creative advantages of the busy workplace, to Steve Jobs’ views on proper bathroom placement.”
  • “Ideas Having Sex” A Conversation with John Tierney and Matt Ridley, Reason.tv (April 5, 2012).
    “Where ideas have sex, is in technologies,” says author and biologist Matt Ridley, “we give far too much credit to individuals for innovation…all of them are standing on the shoulders of lots of other people.”

    Ridley discussed his views on trade, invention and creativity with the New York TimesJohn Tierney at a Reason Foundation event at the Museum of Sex in New York City on March 8, 2012.

    The author of “The Rational Optimist,” tells Tierney that “Every technology we possess has ideas that occurred to different people in different times and different places…most innovation happens by perspiration not inspiration, it’s tinkering…rather than geniuses in ivory towers.”

    Tierney and Ridley also discuss how traders and businessmen, much maligned throughout history as exploiters and “social parasites,” have actually contributed enormously to the spread of ideas and new technological breakthroughs. Ridley describes how Fibonacci, the son of an Italian trader who lived in North Africa, brought the Indian numeral system (the numbers we all know and love today) to Europe as one of the greatest tangible benefits of trade facilitating the exchange of ideas. Ridley implores the public to “Just stop knocking traders, they’re great people, they do wonderful things.”

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