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Power and Knowledge: Socialist and Militarist Calculation Problems

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Economist Ludwig von Mises argued (1920) that real prices arise only from exchanges of privately owned goods; having abolished such prices, socialist systems could never calculate rationally. Economist F.A. Hayek agreed with Mises that central planning would produce poverty and totalitarianism, but made the use of knowledge in society the central weakness of socialist calculation. In his view (1945), ...

Children Learn More from Starfish than from Spiders

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The Rebirth of Education: Schooling Ain’t Learning by Lant Pritchett (Center for Global Development 2013), 288 pages. This book, which indicts centralized state schooling in the developing world, engages you from beginning to end. Examples from Pritchett’s own experiences in India and his use of Ori Brafman and Rod Beckstrom’s spiders and starfish tropes to differentiate centralized from ...

The Root of Support for the Drug War

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Although many states have legalized the use of marijuana for medical purposes, some states have decriminalized the possession of certain amounts of marijuana, and four states (Alaska, Colorado, Oregon, and Washington) have legalized the recreational use of marijuana, bipartisan support for the drug war throughout the United States continues unabated and unquestioned. Why? Why do so many Americans think that the ...

Uniting Constitutional Protection for Economic and Social Liberties, Part 3: Can the Ninth Amendment Save Us?

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In part 2 of this series (December), I argued that unenumerated noneconomic rights such as those of parents or the right to marry are generally considered “fundamental rights” under the approach libertarian legal scholar Randy Barnett labels “Footnote Four-Plus.” That is, the rights of parents are nowhere enumerated in the Constitution including the Bill of Rights, but are nonetheless ...