Category Archive: 6b) Austrian Economics

America and the Art of the Possible: Restoring National Vitality in an Age of Decayby Christopher BuskirkEncounter Books, 2023; xxv + 162 pp. Christopher Buskirk is the publisher and editor of the magazine American Greatness, and the title of that magazine, like that of the book, shows his principal concern. How can the American people regain the sense of optimism and purpose which we once had but have now lost? Buskirk says that in the public...

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During the progressive era, academia hastily adopted the inhumane pseudoscience of eugenics, and its results on the world were devastating. The influence of the Boston Brahmins in New England can explain the fervent adoption of this malignant belief. This elite and well-educated class of white Anglo-Saxon Protestants reeked of pomp and snobbery. The origin of the term “Boston Brahmin” came from Oliver Wendell Holmes Sr. in his 1861 novel Elsie...

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The Economist magazine in a recent editorial painted a rather positive image of the American economy. After encountering setbacks, the American economy often registers a buoyant recovery. Despite competition from rivals, America has retained her position as the world’s top economy. Some are bewildered by America’s enduring prosperity, but is it reasonable to expect less from a country designed to do business? The American Constitution is a fierce...

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Americans are in a time of rising labor unrest and activism, including multiple unionization campaigns, regulatory and legal changes to make it easier for unionization efforts to succeed, the “Fight for $15” minimum wage agitation, and the Hollywood writer’s strike. However, such discussions and campaigns seldom approach the issues involved from a moral perspective, beyond the implicit presumption that trying to force others to give you a raise...

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In perhaps one of the most unexpected and sudden shifts in consumer demand in recent years, sales of Bud Light have now fallen sizably for six weeks in a row, with no end in sight. The New York Post reported on Monday that "Sales of the US’s No. 1 beer were down 24.6% for the week ended May 13 compared to a year ago — slightly worse than the 23.6% dip they suffered a week earlier."  But it's not just Bud Light. Sentiment has turned...

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George Orwell’s The Road to Wigan Pier is a book for which I kept hearing recommendations. I was told that it contained biting criticisms of socialism and was a valuable source of antiauthoritarian thought. What I found, instead, was a snobbish text that ineffectually denounces snobbery, an erudite-sounding text that lacks any philosophical or economic depth, and a persistent veil of ignorance over and presumption in favor of state intervention for...

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