Book Reviews

Book Review: Misguided Virtue

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Misguided Virtue: False Notions of Corporate Social Responsibility by David Henderson (London: Institute of Economic Affairs, 2002); 169 pages; $19.95. In spite of the end of Sovietstyle communism, the introduction of more market-oriented policies in many previously socialist societies, and the further integration of many of the world’s economic activities through the process of globalization, the ideology and policies of anti-capitalism ... [click for more]

Book Review: The Myth of Ownership

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The Myth of Ownership — Taxes and Justice by Liam Murphy and Thomas Nagel (Oxford University Press, 2002); 190 pages; $25. During the Vietnam War, a popular protest slogan went “Fighting for peace is like drinking for sobriety.” After reading The Myth of Ownership, I feel like making a sign reading, “Taxing for justice is like fighting for peace and drinking ... [click for more]

Book Review: Rethinking the Great Depression

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Rethinking the Great Depression by Gene Smiley (Chicago: Ivan R. Dee, 2002); 179 pages; $24.95. The Great Depression of the early 1930s has left a deep and lasting mark on the United States. For many in the general public the Great Depression still conjures up the image of mass unemployment caused by the failure of unregulated capitalism. For many in the ... [click for more]

Book Review: Economics for Real People

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Economics for Real People: An Introduction to the Austrian School by Gene Callahan (Auburn, Ala.: Mises Institute, 2002); 349 pages; $19.95. Back in 1932 an economist named Broadus Mitchell wrote an introductory principles textbook entitled A Preface to Economics. When he came to the discussion of supply and demand, he stated, “I hate graphs, anyhow. They are the only pictures economics books ... [click for more]

Book Review: Should We Have Faith in Central Banks?

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Should We Have Faith in Central Banks? by Otmar Issing (London: Institute of Economic Affairs, 2002); 53 pages; $12. One of the momentous events of the new century has been the establishment of a single, common currency for many of the member nations of the European Union. The German mark, the French franc, the Austrian schilling, the Italian lira, the Irish ... [click for more]

Book Review: Liberating the Land

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Liberating the Land: The Case for Private Land-Use Planning by Mark Pennington (London: Institute of Economic Affairs, 2002); 114 pages; $15. Over the last 20 years there have been a variety of strong reactions against the idea of government planning. But one of the areas in which most people still take for granted the necessity of government planning and regulation is ... [click for more]

Book Review: By Order of the President

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By Order of the President by Greg Robinson (Harvard University Press, 2001); 322 pages; $27.95. If you go to the FDR Memorial in Washington, D.C., you will see numerous statues, including one depicting men standing in a bread line. But you won’t see any statue showing Americans of Japanese ancestry staring out from behind barbed wire in one ... [click for more]

Book Review: The Real Lincoln

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The Real Lincoln: A New Look at Abraham Lincoln, His Agenda, and an Unnecessary War by Thomas DiLorenzo (Roseville, Calf.; Prima Publishing, 2002); 333 pages; $24.95. In his books Race and Economics (1975) and Markets and Minorities (1981), free-market economist Thomas Sowell explained and analyzed the nature and workings of the slave economy in the pre-Civil War American South. He emphasized ... [click for more]

Book Review: After Liberalism

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After Liberalism: Mass Democracy in the Managerial State by Paul Edward Gottfried (Princeton, N.J.: Princeton University Press, 2001); 185 pages; $35. IN THE 1960s, Friedrich A. Hayek published a monograph entitled The Confusion of Language in Political Thought. He emphasized that one of the greatest difficulties in clarifying and arguing for the idea of freedom is the misuse and abuse of ... [click for more]

Book Review: Communism

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Communism: A History by Richard Pipes (New York: The Modern Library, 2001); 175 pages; $19.95. IT SEEMS HARD TO BELIEVE that it is already more than 10 years since the collapse and disappearance of the Soviet Union in December 1991. It was only about 10 years earlier, in 1981, that the conservative French social critic Jean-François Revel first published his book ... [click for more]

Book Review: The Elusive Quest for Growth

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The Elusive Quest for Growth: Economists’ Adventures and Misadventures in the Tropics by William Easterly (Cambridge, Mass: MIT Press, 2002); 342 pages; $29.95. POVERTY, UNFORTUNATELY, is the natural condition of man. And through most of his time on earth, as best as historians can determine, his standard of living has been meager and poor. But slowly over the centuries certain ... [click for more]

Book Review: Against the Dead Hand

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Against the Dead Hand: The Uncertain Struggle for Global Capitalism by Brink Lindsey (New York: John Wiley & Sons, 2002); 336 pages; $29.95. THE WORLD IS BECOMING increasingly smaller. Commodities, capital, and people move around the world with far greater ease than at any time since before the First World War. Market-oriented reforms have been the watchword for economic policy for ... [click for more]
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