What are the best books on Economics?

Jason Quintana's picture
Submitted by Jason Quintana on Thu, 2006-02-09 21:34

In past economics discussions among Objectivists I've seen all manner of different opinions on the subject.   Usually the discussions break down without anyone coming to a clear idea about what the other person is trying to say.

  • A large population of Objectivists are supporters of this or that variant of Austrianism.  Many learned their economics from Hazlitt or Mises.  Some are Rothbardians and others got their economics from reading Hayek.  Some of the younger Objectivists got their economics education from Reisman.  
  • I have seen several Chicagoites among Objectivists quoting people like Friedman or Sowell. 
  • I have even seen a fair number of (gasp!) Keynesians among Objectivists who probably got their education on the subject from university courses.

Because of these differences I've found that discussions can be difficult even among hardcore capitalists like Objectivists because of the differing methodologies, epistemologies and terminology utilized by their teachers.  So instead of arguing about theory we can start out by arguing about who the best teachers are.   Here are the books that I think are the best :

Recent Comments:
Re: Marx — by Rick Giles on Tue, 2006-04-11 02:20
Re: Marx, — by Chris Cathcart on Tue, 2006-04-11 01:22
The value of — by Rick Giles on Tue, 2006-04-11 00:01

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Yahoo implicated in the arrest of two Chinese dissidents

James Heaps-Nelson's picture
Submitted by James Heaps-Nelson on Thu, 2006-02-09 15:23

Yahoo has now been implicated in the arrest of two Chinese dissidents. The craven nature of this collaboration is appalling. One wonders if Yahoo founder Jerry Yang wouldn't have rather lived under Mao than here in America. The hypocrisy is utterly breathtaking.

http://money.cnn.com/2006/02/0...

Recent Comments:
Incredible — by jtgagnon on Thu, 2006-02-09 18:53
Cowards — by sjw on Thu, 2006-02-09 17:20

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Daily Linz 25—SOLO, TOC ... and KASS!

Lindsay Perigo's picture
Submitted by Lindsay Perigo on Thu, 2006-02-09 03:19

Note from Linz—Yes, I'm cheating. This is a reprise. I thought with all the discussion raging here about PARC, ARI, TOC, SOLO, the Brandens, etc., and the TOC Summer Seminar coming up, with me among the presenters, it would be timely to re-run this. It's reprinted exactly as it orginally appeared—no ARI-type airbrushing! Smiling

I have just returned to New Zealand from The Objectivist Center's Summer Seminar in Vancouver. I am feeling the blues that must inevitably accompany a return to the world of nihilism from one of exuberant rationality. Yes, "exuberant"! Yes, TOC! Just as you, dear reader, thought you'd never see me saying that, so too did I never think I'd be writing it. Fact is, the Seminar was a blast.

Recent Comments:
Kassless — by James Heaps-Nelson on Fri, 2006-02-10 18:24
Thanks for the thanks! :-) — by Lindsay Perigo on Fri, 2006-02-10 17:41
TOC, SOLO and KASS — by James Heaps-Nelson on Fri, 2006-02-10 15:15

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Why another blog?

Submitted by wngreen on Thu, 2006-02-09 02:41

Don’t be deceived by the title: this isn’t meant to convince you why you should read another blog. I am trying to record my reasons for starting another one. I have haphazardly kept a livejounral since early college but I never really examined why. Ever since I noticed the ‘my blog’ link I’ve thought that this would be an experience I could get something out of in a community that fits my values. Linz’s article “Daily Linz 24 - It's the Integration, Stoopid!” made me stop and think for a while about examining my life and integrating a value driven lifestyle throughout it. So back to the question, why write another blog? I want to list the reasons right now, at the beginning so I can hold myself accountable.

Recent Comments:
Great, William! — by Lindsay Perigo on Thu, 2006-02-09 19:22

I SUPPORT DENMARK in its struggle for the freedom of speech

AdamReed's picture
Submitted by AdamReed on Thu, 2006-02-09 02:31
I SUPPORT DENMARK in its struggle for the freedom of speech

I was about to add the "I Support Denmark" poster/image to my personal blog - but I would rather see it closer to the masthead.

Recent Comments:
Perhaps this should actually go on the front page ... — by Duncan Bayne on Thu, 2006-02-09 23:23

Cartoons, and the Forum of Ideas

Alex Sagan's picture
Submitted by Alex Sagan on Thu, 2006-02-09 02:26

Cartoons:

Aren't they great? I especially like how the Road Runner outwits Wile E. Coyote each time, not matter what force Mr. Coyote employs...perhaps, if instead of bird-seed as bait, he could leave a letter explaining his views on said Runner, which Mr. Runner would read: they could then get together and have a lively discussion on the behavioral interactions of predators/prey.

Okay, we know what cartoons I'm talking about. But it really isn't all that different from the good old days (though this point is contentious) of Looney Tunes. It's starting to look mighty 'Looney Tunes' out there, if you ask me. And, since this is a blog, you don't have to, I'll just say what I please. Comment: free speech = good, though usually not easy; violence = bad, and usually extremely easy.

Recent Comments:
Cartoons are great...and so is free speech... — by jtgagnon on Thu, 2006-02-09 04:53

Beyond Emotion: The Cognitive Theory of Music

JoeM's picture
Submitted by JoeM on Thu, 2006-02-09 02:17

BEYOND EMOTION: THE COGNITIVE THEORY OF MUSIC
INTRODUCTION

By Joseph C. Maurone

Recent Comments:
Gestalt Theory — by JoeM on Tue, 2006-02-14 06:37
First time I've had a chance — by Landon Erp on Tue, 2006-02-14 01:59
Can't Wait — by James S. Valliant on Mon, 2006-02-13 16:17

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UK Libz on Free Speech

Lindsay Perigo's picture
Submitted by Lindsay Perigo on Wed, 2006-02-08 23:52

NEWS RELEASE FROM THE LIBERTARIAN ALLIANCE
In Association with the Libertarian International
Release Date: Wednesday 8th February 2006
Release Time: Immediate

Contact Details:
Dr Sean Gabb, 07956 472 199, sean@libertarian.co.uk

For other contact and link details, see the foot of this message
Release url: http://www.libertarian.co.uk/n...

ABU HAMZA CONVICTION "A DEFEAT FOR FREE SPEECH", SAYS FREE MARKET
AND CIVIL LIBERTIES THINK TANK

The Libertarian Alliance, the radical free market and civil
liberties institute, today condemns the conviction of Abu Hamza
al-Masri, of 11 charges of soliciting murder and of stirring up

Recent Comments:
Now I'm Confusing Myself — by Fraser Stephen-Smith on Mon, 2006-02-27 21:18
I wonder how advocates here — by Derek McGovern on Tue, 2006-02-21 10:15
Libel and slander are fraud — by Fraser Stephen-Smith on Fri, 2006-02-17 13:59

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New Day, New Lesson

Alex Sagan's picture
Submitted by Alex Sagan on Wed, 2006-02-08 23:00

I am very vigilant when it comes to trying to extract as much information out of every experience that I have. Each day that is somewhat like the last still bears fruit, usually in more-than-manageable quantities.

However, I have only recently undergone some very large changes in my life; ending a relationship with a man who claimed to stand for an Objective viewpoint but lived his life in an entirely different manner (it took me a while to understand this, and I hope that I recall my past ignorance should the same situation rear its head in the future); beginning my graduate career in a field that takes my breath away with its magnificence, wonder, beauty and truth---mathematics (spec. mathematical physics).

Recent Comments:
Welcome aboard, Abigail! — by Lindsay Perigo on Thu, 2006-02-09 00:42

Man vs Tree

Jameson's picture
Submitted by Jameson on Wed, 2006-02-08 21:10

This whole George Bernard Shaw incident has exposed the worms gnawing into the pillars of life, liberty and private property.

When a man spends his life in work, converting his time and labour into material wealth, and the community declares that material to have cultural significance, the community appropriates his material, labour, time and ultimately part of his life.

That my community has deemed a tree's right to life to be more important than my own confirms the worst: this country has gone to the logs.

Glenn Jameson
Northcote Point


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Bert and Osama?

Marty's picture
Submitted by Marty on Wed, 2006-02-08 07:15
Recent Comments:
yep — by Adam Buker on Fri, 2006-02-10 08:09

Johansson and Knightley Naked on the cover of Vanity Fair

Robert's picture
Submitted by Robert on Wed, 2006-02-08 04:43

Oh boy! I think I need a cold shower!

Recent Comments:
I agree. — by stormyeyes on Sat, 2006-02-18 23:57
Alas, I'll never travel again... — by Jody Gomez on Thu, 2006-02-16 04:06
Pride and Prejudice is a — by Andrew Bissell on Tue, 2006-02-14 07:38

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Daily Linz 24 - It's the Integration, Stoopid!

Lindsay Perigo's picture
Submitted by Lindsay Perigo on Wed, 2006-02-08 03:52

“A concept is a mental integration of two or more units possessing the same distinguishing characteristic(Drunk, with their particular measurements omitted.”

–—Ayn Rand, Introduction to Objectivist Epistemology

Somewhere in his prodigious output Leonard Peikoff tells a hypothetical story that is highly instructive. From memory, it goes like this: A group of men sit around and discuss whether it would be moral to rob a bank. The discussion rapidly degenerates into competing suggestions as to which bank might be the most practical to rob—which offers the most loot, the most lax security, the quickest escape route, etc.. The issue of whether they should or should not rob a bank becomes an issue of “Which bank are we talking about?” No one speaks up to say, “Wait a minute! We shouldn’t even be having this discussion. Robbing any bank would be wrong! It would represent the taking of other people’s property, without their permission, by force—force initiated by us. Initiating force is always wrong, if human life is our standard of right and wrong.” To say such a thing would require an ability to derive abstract principles from concrete life experiences and repair to those principles in evaluating possible future actions. It would require the identification of the same distinguishing characteristic in all the proposed robberies—initiated force—and their integration into the concept “wrong,” with a few narrower integrations along the way. Alas, people generally just don’t think that way any more. They don’t think in principles; they don’t integrate—the point of Peikoff’s story.

Recent Comments:
Thanks John — by Lanza Morio on Wed, 2006-03-01 07:25
Proposition Accepted — by Bikemessenger on Sat, 2006-02-11 10:20
Agree to Disagree... — by jtgagnon on Fri, 2006-02-10 18:11

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Beyond The Glory

Ashley's picture
Submitted by Ashley on Wed, 2006-02-08 03:41

I was watching FoxSports' "Beyond The Glory" tonight and saw one of their 5 part series on sex in sports. They were talking about homosexuality in sports, and then specifically the NFL. I didn't really watch it all, and I can't get the video to work on my computer, but here's a link:

http://msn.foxsports.com/story...

It was interesting because they mentioned an NFL player who came out as gay in a magazine article in the mid-70's, and I think he came out after he retired although I am not positive. He said he thought he was opening a door for others, but apparently not because I don't think it has happened since. In the next segment NFL players were interviewed and gave many reasons that there won't be any openly gay active players in the NFL, including various sorts of peer discomfort and discord which would affect the "teamness" of the team.

Recent Comments:
"I suppose it is up to every — by Robert on Wed, 2006-02-08 05:24

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One country. One law. One constitution.

Peter Cresswell's picture
Submitted by Peter Cresswell on Wed, 2006-02-08 01:29

Another Waitangi Day in New Zealand and (no doubt) another set of protests and claims for more legal privilege. Another Waitangi Day in which the the usual parade of politicians and protestors confront and avoid each other, and the professional grievance industry discuss and issue their demands for the taxpayer to give even more -- (for those interested in such things, this year's fashionable demand seems to be for a separatist Maori General Assembly.)

Frankly, we don't need another taxpaid gravy train or another grievance industry or yet another charter for separatism or a forum in which to demand it; we simply need good law.

Recent Comments:
Very good — by David Bertelsen on Thu, 2006-02-09 06:40

Left and right and other nonsense

Peter Cresswell's picture
Submitted by Peter Cresswell on Wed, 2006-02-08 01:27

I've tried telling you lot I'm neither left nor right (though you continue to put me on the 'Right' on your blogrolls). I've tried telling you that libertarians are neither Right nor Left, but 'North' (but I still hear people calling libertarians "extreme right"). And I've tried pointing out that your traditional Left-Right spectrum is simplistic and one-dimensional and blurs too many important distinctions to be worth a pinch of shite, as compared to the diamond-shaped 'Nolan' spectrum that has real depth, and great descriptive power. (See for example here, here and here, and that picture of NZ's political spectrum over there on the, ahem, right.)

Recent Comments:
U2? — by Bikemessenger on Wed, 2006-02-08 09:21

Liberty lost out in Costa Rica

Peter Cresswell's picture
Submitted by Peter Cresswell on Wed, 2006-02-08 01:23

I mentioned the Costa Rican elections on my main blog last week, and you might be wondering how the Costa Rican 'Libertarians' got on. Former Moviemento Libertaro activist Jorge has the news, and plenty of criticism. The MLs went soft in a bid for power over principle ... and the bid failed, and with it went the principles:

[Party leader and Presidential candidate Otto] Guevara and his group expelled the hard core libertarians, or as he called them “radicals”, from the party, saying that they were responsible for the impeding the growth of the party. He said that by becoming “moderate” they would move closer to the Costa Rican people, thereby gaining many more votes.


Cartoons and the Negation of Reason

jtgagnon's picture
Submitted by jtgagnon on Tue, 2006-02-07 20:01

“Faith … is the negation of reason.” (Playboy's Interview with Ayn Rand," Playboy, March 1964)

In September 2005, a Danish newspaper published a cartoon depicting the Prophet Muhammad wearing a turban shaped as a bomb. It caused great insult to Muslim communities in Denmark because it is against Islam to portray the Prophet Muhammad. In an effort to “internationalize the issue” Abu Laban, a Palestinian and former assistant to Gamaa Islamiya leader Talaal Fouad Qassimy, formed a delegation to meet with the Arab League, Grand Imam of Al-Azhar Sheikh Mohammad Sayyed Tantawi, and Sunni Islam’s most influential scholar, Yusuf al Qaradawi.

Recent Comments:
Thanks — by jtgagnon on Fri, 2006-02-17 18:26
Great post. Great thread. — by Fraser Stephen-Smith on Fri, 2006-02-17 14:53
Attn Mr. Gagnon! — by Lindsay Perigo on Thu, 2006-02-16 21:47

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Angry photos

Charles Henrikson's picture
Submitted by Charles Henrikson on Tue, 2006-02-07 16:55

(Due to some of the discource going on in some of the threads on SOLO) I am reading these obviously hostile/agressive/angry posts, but there is a smiling-happy-person's picture of the person sending it. Perhaps we could have a few pictures that we could choose from while making a post: a happy picture, a jesting picture and an angry picture...or something akin to smiley icons? just a thought.

Recent Comments:
I was pissed when this pic was taken. — by Landon Erp on Fri, 2006-02-10 23:45
I have a mean looking face on ROR — by Jason Quintana on Fri, 2006-02-10 01:16
Outrageous! — by Lindsay Perigo on Fri, 2006-02-10 00:55

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Daily Linz 23: Dining with the Enemy - Lunch with a Bishop!

Lindsay Perigo's picture
Submitted by Lindsay Perigo on Tue, 2006-02-07 05:50

Daily Linz 23: Dining with the Enemy - Lunch with a Bishop!

by Lindsay Perigo

One of the (mostly) nice things about being a broadcaster is that it enables one to rub shoulders with the rich, the famous, the powerful and the influential. One of the nice things about being an Objectivist broadcaster is that it enables one to judge them unawed by their status, unblinkered by conventional bromides.

Recently I had lunch with a bishop. A Catholic bishop. Not a small-fry New Zealand Catholic bishop, but a Catholic bishop from overseas. A bishop who, if he has anything to do with it, will end up a cardinal. “No one deserves a biretta [cardinal's red cap],” he observed as we dined. “Except me. I’m working on it.”

Recent Comments:
Out to lunch — by Lindsay Perigo on Wed, 2006-02-08 03:43
Ed, I think the official — by Ross Elliot on Tue, 2006-02-07 08:00
Out to lunch — by Ed on Tue, 2006-02-07 07:34

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Activism: Waitangi Day

JulianP's picture
Submitted by JulianP on Tue, 2006-02-07 04:06

Well, I've just come back from the Libertarianz activism at Waitangi. Spirits ran high, but it was noticeably more peaceful than last year. Yes, there were the usual displays of tribalism, marching, chanting and a heavy police presence.

For such a small group of people, we always seem to attract a lot of attention. The big 'END WAITANGI APARTHEID' banner might have something to do with it. Smiling Usually people just stare and give us a wide berth. Some angry people sometimes berate us, but it was not nearly as bad as last year. And there were also the brilliant conversations we had with people who ended up agreeing with the common sense of what we said.

Recent Comments:
950 years Before Cook? — by David Bertelsen on Thu, 2006-02-09 06:30
Julian, — by Charles Henrikson on Tue, 2006-02-07 19:40
Thanks Linz! — by JulianP on Tue, 2006-02-07 19:29

Dark Matter

Frizzy's picture
Submitted by Frizzy on Mon, 2006-02-06 22:57

Hi,

I thought this might be of interest to people here.

An article on Dark Matter, which claims to have measured some aspects of Dark Matter.

http://news.bbc.co.uk/2/hi/sci...

Recent Comments:
My apologies, — by Charles Henrikson on Tue, 2006-02-07 19:23
No... — by Utility Belt on Tue, 2006-02-07 18:59
Theory versus Observation — by Marnee on Tue, 2006-02-07 18:27

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Archive Relocated: The Writings of Ronald E. Merrill

AdamReed's picture
Submitted by AdamReed on Sun, 2006-02-05 06:02

I have finally re-located the web archive of the writings of the late Ronald E. Merrill. The archive is now at

http://www.calstatela.edu/facu...

and is linked from my university web page,

http://www.calstatela.edu/facu...

.

Recent Comments:
Thank you Adam, you're — by Charles Henrikson on Mon, 2006-02-06 22:00

The George Reisman Blog

Jason Quintana's picture
Submitted by Jason Quintana on Sun, 2006-02-05 05:16

Dr. George Reisman, the eminent economist and Objectivist has in the last week initiated a blog.  It can be accessed at www.georgereisman.com.  His insights on current events and economic theory are highly valuable contributions to the fight for liberty and capitalism.

 - Jason

Recent Comments:
Reisman is the MAN when it — by Titan on Thu, 2006-02-16 19:56

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Islamic Caricatures

Ross Elliot's picture
Submitted by Ross Elliot on Sun, 2006-02-05 00:39

It was bound to happen. The current hot debate over the cartoons depicting Mohammed, which is forbidden by Islamic law, illustrates once again the fundamental incompatability between western and Muslim culture.

A press release from the org Reporters Without Borders:

"Reporters Without Borders has appealed for calm and reason as the controversy over the publication of cartoons of the Prophet Mohammed moved in disturbing new directions: "While we understand that many Muslims have been shocked by these caricatures, as Islam forbids any physical representation of the Prophet, there is no justification for calls for violence or threats of any kind."


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NZ Official Censor does it again.

AdamReed's picture
Submitted by AdamReed on Sat, 2006-02-04 07:31

I haven't had time to comment much lately, but here is an item so preposterous it even made headlines in the staid, US-based Chronicle of Higher Education. Some time ago, on old SOLO, I was told that I was unfair to New Zealand's chief censor, Bill Hastings, when I referred to him as a man so depraved that he would take on the job of censoring what other people are allowed to read. Last week, the same Chief Censor made it a criminal offense, punishable by a fine of up to $20,000 (U.S.) or three months' imprisonment, to own or distribute any of the 5,500 copies of a

Recent Comments:
OK — by AdamReed on Fri, 2006-02-10 18:29
Again I say, Adam ... — by Lindsay Perigo on Fri, 2006-02-10 10:23
An apology and a request — by AdamReed on Fri, 2006-02-10 01:44

Roderick Long on "Ayn Rand's Left-Libertarian Legacy"

jriggenbach's picture
Submitted by jriggenbach on Sat, 2006-02-04 01:03

The editor of the Journal of Libertarian Studies makes some interesting points.

http://hnn.us/blogs/entries/21...

JR


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Ayn Rand's 101 Birthday Celebration at New York Junto

James Heaps-Nelson's picture
Submitted by James Heaps-Nelson on Fri, 2006-02-03 22:28

I attended the New York Junto's celebration of Ayn Rand's 101st birthday last night and had a blast. Ed Hudgins talked about TOC's plans to use the new Bidinotto edited The New Individualist to influence Washington lawmakers and think tanks. Marsha Enright gave her spiel about plans for a new Objectivist College of the United States based on a Great Books curriculum and Ayn Rand's epistemology. Also Erika Holzer spoke by phone conference about her new book: Ayn Rand My Fiction Writing Teacher.

There were about 100 in attendance and a good time was had by all. Also, Marty Lewinter gave an excellent short presentation on the Development of Western Civilization through the eyes of Ayn Rand. We will have to nudge him to post it here at Solopassion Smiling.


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Machan's Musings - Revisiting Objectivity

removed's picture
Submitted by removed on Fri, 2006-02-03 21:37

Revisiting Objectivity

Tibor R. Machan

In ordinary terms, to achieve objectivity one needs to check one's own
likes and dislikes and guard against their influence and also check for
influences coming from outside, such as flattery, on the psychological
front, or obstruction of visibility on the perceptual. To avoid bias one
needs discipline and self-understanding. If I know that I am partial to
those who are tall, blonde or athletic, while working as a teacher, juror
or judge, I need to make doubly sure that what I think of their
performance, the merit of their work or their legal status isn't based on

Recent Comments:
Clarification — by sjw on Tue, 2006-02-07 18:26
Shayne, — by Charles Henrikson on Tue, 2006-02-07 16:39
Clarification — by Wes on Tue, 2006-02-07 15:23

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Machan's Musings - Cultural Relativism and Freedom

removed's picture
Submitted by removed on Fri, 2006-02-03 20:13

Machan's Musings - Cultural Relativism and Freedom

Tibor R. Machan

In one area, classical and modern liberals have tended to agree, namely,
that everyone has the right to freedom of thought, expression, speech, and
so forth. Both types of liberals have been supporters of the spirit and
letter of the US Constitution’s First Amendment (although modern liberals
have been known to cave in when it comes to the demands of political
correctness). At least when it comes to political ideas, both groups
champion the position that people may not be censored and otherwise
intruded upon in their beliefs and in their efforts to express these


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