Karl Popper’s 582-page Conjectures and Refutations: The Growth of Scientific Knowledge seemed a daunting read. It need not have done: the essays within are written in plain English and a lively style. The central theme of the book is that our knowledge, our aims and our standards develop through trial […]
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I gave the talk this morning at Speen Church. We’re not especially Baptist (apparently!) but we do practice the priesthood of all believers. I chose as my theme the book The Wrong Messiah, by Nick Page. From the cover: He came from the wrong social class, the wrong place and […]
Read MoreToday sees the return of the Financial Services (Banking Reform) Bill to Parliament. It does not do enough. In the book Banking 2020: A vision for the future, my essay summarises the institutional problems with our monetary and banking orthodoxy: The features of today’s banking system As Governor of the Bank of England […]
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Peter Leeson’s study of “The Hidden Economics of Pirates”, The Invisible Hook, is theoretically correct, thoroughly grounded in historical research and fun to read. From the jacket: Pack your cutlass and blunderbuss–it’s time to go a-pirating! The Invisible Hook takes readers inside the wily world of late seventeenth- and early eighteenth-century […]
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Once I saw George Selgin referenced on page 7, the paper dollar criticised on page 8 and a Zim$100 trillion note on page 12, I knew I would enjoy Ouch!: Ignorance is Bliss, Except when It Hurts- What You Don’t Know About Money and Why It Matters (More Than You […]
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In the midst of the row about welfare reform, I finished J P Floru’s excellent new book, Heavens on Earth: How To Create Mass Prosperity. JP surveys the salient history of eight relevant countries: the USA, Germany, the UK, Hong Kong, China, Chile, New Zealand and Singapore. In every case, […]
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Ayn Rand’s Capitalism: The Unknown Ideal is a collection of fascinating essays, including Alan Greenspan’s famous defence of free banking, Gold and Economic Freedom, which I believe he has never repudiated. Today, I found in it a section of Rand’s critique of the student rebellions of the 1960s which put me […]
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In just 96 pages, Dr Nigel Ashford’s Principles for a Free Society, commissioned by the Jarl Hjalmarson Foundation, explains 12 of the founding ideas of free societies. These are civil society, democracy, equality, free enterprise, freedom, human rights, justice, peace, private property, the rule of law, spontaneous order and toleration. […]
Read MoreOuch! — a new book recommended by one of my academic colleagues as widely accessible and very engaging. I understand it “puts most of the books on the crisis churned out by journalists and professionals to shame.” From the jacket: It’s time to wake up or get wiped out. We […]
Read MoreCrony capitalism — businesses capturing the state for commercial advantage, serving politicians and officials instead of the public — ought to be brought to an end. A prerequisite to that is a good understanding of how social cooperation in the market works. Israel Kirzner’s, How Markets Work: Disequilibrium, Entrepreneurship and […]
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