Radical Austrianism, Radical Libertarianism
by Mises Institute
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In this ten-lecture seminar sponsored by Steven Berger, the roots and reach of both Libertarian and Austrian theory are covered by a leading authority: Walter Block. The economic theory is value-free, but it takes flight when combined with a theory of natural rights in the Thomist-Rothbardian tradition.
||10. Reparations||Lecture 10 of 10 from Walter Block's Radical Austrianism, Radical Libertarianism.||7/29/2005||Free||View In iTunes|
||8. Abortion||Libertarians do not favor abortion (pro-choice). Nor are they opposed to it either (pro-life). Rather, libertarianism offers a philosophical compromise, evictionism. When does life begin? A fertilized egg seems the likely beginning.||7/28/2005||Free||View In iTunes|
||9. Monopoly and Anti-Trust, Monopsony||The Austrians view is that monopoly came about as privilege, usually granted by royalty, given to a particular person or industry. This process is arbitrary and capricious. Free entry is required in capitalism. There cannot be restrictions on entry, as with doctors.Price, quantity, profit, and deadweight loss are four criticisms of monopolies.||7/28/2005||Free||View In iTunes|
||2. Introduction to Libertarianism I||Block says he was a pinko commie type at 22 who believed that laissez-faire capitalism would result in mass starvation. Then, he met Ayn Rand and read Atlas Shrugged and Economics in One Lesson. Block says libertarianism is the non-aggression principle. Keep your mitts to yourself.||7/27/2005||Free||View In iTunes|
||5. Environmentalism||Environmentalism sees market failure as the cause of environmental problems. Block sees the absence of private property rights and the interference of government as the causes of problems. Libertarianism provides solutions. Man is not a cancer on the planet. Markets have not failed.||7/27/2005||Free||View In iTunes|
||3. Minimum Wage||Minimum wage laws are not only counterproductive, but they make situations worse. All voluntary mutual trade benefits all. Minimum wages and union legislation make it difficult if not impossible for poor youth to get jobs.||7/27/2005||Free||View In iTunes|
||6. Ronald Coase: A Libertarian Critique||There are many enemies of a free society. Some, like Ronald Coase, call themselves libertarians or free enterprisers. Block’s main critique of Coase is that Ronald Coase denies any private property rights. Coase deals with externalities through taxes only, but not with property rights at all.||7/27/2005||Free||View In iTunes|
||7. A Statistical Calculation of Economic Freedom||Block, Gwartney and Lawson at Frazier Institute of Canada created an annual index of Economic Freedom of the World. It has been more widely used than any other reports. 102 countries were ranked according to factors like life expectancies or income equality.||7/27/2005||Free||View In iTunes|
||1. Free Trade||Free trade is "I give you something; you give me something in return". Trade rights are part of property rights. Nosick calls trade a capitalist act between consenting adults. If you trade, you won't fight. It becomes harder to have wars. Trade benefits all parties.||7/27/2005||Free||View In iTunes|
||4. Introduction to Libertarianism II||Block continues to parse all of the cases of libertarianism found in his book, Defending the Undefendable. Privatization solves the tragedy of the commons scenarios. Rent control resulted in nobody building residential units.||7/27/2005||Free||View In iTunes|
Not for sensitive namby-pamby types
I don't always agree with Walter Block (especially on abortion), but for the most part, he is the best at working out the libertarian issues on the fringe.