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July 6, 2015|Austrian Economics, Donald Boudreaux, Friedrich Hayek, John Keynes

Hayek for Everybody

by Alex J. Pollock|

Donald Boudreaux has done us the favor of writing a popularized primer on the foundational thought of the great economist, Friedrich Hayek. His timing is good. For sadly, as Vaclav Klaus, the free-market president of the Czech Republic from 2003 to 2013, says in the book's foreword: “State interventionism is back and growing.” The once-vivid lessons of the failures and crimes of communist regimes are fading in the group memory, 25 years after the collapse of the Berlin Wall and its accompanying socialist ideology. Dirigiste government bureaucrats are busy giving orders, arrogantly convinced that they know what is economically best for…

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August 4, 2013|Bretton Woods, Fixed Exchange Rates, Harry Dexter White, IMF, Imperial Preferences, John Keynes

Crisis and Leviathan: IMF Edition

by Brian Domitrovic|

Why do we still have the International Monetary Fund? It began life in 1944 with one rather specific purpose, to make sure that currencies traded at fixed rates of exchange. Since at least 1973, few currency issuers (brave exceptions include China and Panama) have shown the slightest interest in fixed exchange rates. Shouldn’t the IMF have folded a long time ago? What happened was mission creep. For about thirty years, from 1944 to 1973, the IMF did in fact supervise a world generally on fixed exchange rates. These were the “thirty glorious years” in France; the time of the “economic miracle”…

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Book Reviews

A Mirror of the 20th-Century Congress

by Joseph Postell

Wright undermined the very basis of his local popularity—the decentralized nature of the House—by supporting reforms that gave power to the party leaders.

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The Graces of Flannery O'Connor

by Henry T. Edmondson III

O'Connor's correspondence is a goldmine of piercing insight and startling reflections on everything from literature to philosophy to raising peacocks.

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Liberty Classics

Rereading Politica in the Post-Liberal Moment

by Glenn A. Moots

Althusius offers a rich constitutionalism that empowers persons to thrive alongside one another in deliberate communities.

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James Fenimore Cooper and the American Experiment

by Melissa Matthes

In The American Democrat, James Fenimore Cooper defended democracy against both mob rule and majority tyranny.

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Podcasts

Stuck With Decadence

A discussion with Ross Douthat

Ross Douthat discusses with Richard Reinsch his new book The Decadent Society.

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Can the Postmodern Natural Law Remedy Our Failing Humanism?

A discussion with Graham McAleer

Graham McAleer discusses how postmodern natural law can help us think more coherently about human beings and our actions.

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Did the Civil Rights Constitution Distort American Politics?

A discussion with Christopher Caldwell

Christopher Caldwell discusses his new book, The Age of Entitlement.

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America, Land of Deformed Institutions

A discussion with Yuval Levin

Yuval Levin pinpoints that American alienation and anger emerges from our weak political, social, and religious institutions.

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About

Law & Liberty’s focus is on the classical liberal tradition of law and political thought and how it shapes a society of free and responsible persons. This site brings together serious debate, commentary, essays, book reviews, interviews, and educational material in a commitment to the first principles of law in a free society. Law & Liberty considers a range of foundational and contemporary legal issues, legal philosophy, and pedagogy.

The opinions expressed on Law & Liberty are solely those of the contributors to the site and do not reflect the opinions of Liberty Fund.
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