This speech by Lew Rockwell was delivered at the Heritage Foundation, and even at the time was regarded as the best single overview of the teachings of the Austrian school, its contribution to the history of ideas, and the political implications of Austrian economic theory.
Economics, wrote Joseph Schumpeter, is “a big omnibus which contains many passengers of incommensurable interests and abilities.” That is, economists are an incoherent and ineffectual lot, and their reputation reflects it. Yet it need not be so, for the economist attempts to answer the most profound question regarding the material world.
Llewellyn H. Rockwell, Jr., is founder and chairman of the Mises Institute in Auburn, Alabama, and editor of LewRockwell.com.
We need more Laissez-Faire Libertarians who understand that society needs no top-down rule. No society in the world needs good government in order to be free; it needs sectors of society that government cannot touch.
We need more Laissez-Faire Libertarians who understand that society needs no top-down rule. No society in the world needs good government in order to be free; it needs sectors of society that government cannot touch.
John Whitehead of the Rutherford Institute talks with Lew Rockwell about his book Against the State.
