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Book Review: Mises

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Mises: An Annotated Bibliography, compiled by Bettina Bien Greaves and Robert W. McGee (Irvington-on-Hudson, New York: The Foundation for Economic Education, 1993); 391 pages; $14.95. In his 1894 book, The Tyranny of Socialism, the French classical liberal Yves Guyot admitted that "we, who are endeavoring to recall the principles of equality before the law and the guarantees of individual liberty, are but a few. We are trying to show that freedom . . . far from being a vain word, is an important reality, but we have against us Protectionists and Socialists, who fight us with an equal ardour, and with the force which private interests have against the general interests, which belonging to everyone is defended by no one." And Mr. Guyot insisted that it was ...

Book Review: Market Liberalism

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Market Liberalism: A Paradigm for the 21st Century edited by David Boaz and Edward H. Crane (Washington, D.C.: Cato Institute, 1993); 404 pages; $15.95. As the 20th century approaches its end, the American people face the challenge of deciding their political and economic future. Socialism has been defeated. The experience of the centrally planned, command economy has proven that an economic system comprehensively controlled by the state is unworkable and breeds corruption and the abuse of power. But while socialism of the soviet-type has few adherents anymore, the interventionist and welfare state is still considered as a viable and desirable option in comparison to an unregulated, free-market economy. Indeed, winning the battle against statism is more difficult when the opponent is the welfarist, managed economy rather than the more blatantly brutal Marxist-style regime. When the enemy was ...

Book Review: Market Liberalism

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Market Liberalism: A Paradigm for the 21st Century, edited by David Boaz and Edward H. Crane (Washington, D.C.: Cato Institute, 1993); 404 pages; $15.95. As the 20th century approaches its end, the American people face the challenge of deciding their political and economic future. Socialism has been defeated. The experience of the centrally planned, command economy has proven that an economic system comprehensively controlled by the state is unworkable and breeds corruption and the abuse of power. But while socialism of the soviet-type has few adherents anymore, the interventionist and welfare state is still considered as a viable and desirable option in comparison to an unregulated, free-market economy. Indeed, winning the battle against statism is more difficult when the opponent is the welfarist, managed economy rather than the ...