Few documents have had more of an impact on the course of history as has the Communist Manifesto. From its famous opening lines--"A specter is haunting Europe: the specter of Communism"--to its final rallying cry--"Workers of the world unite!"--the words of Marx and Engels have moved millions to join in the struggle against capitalism. But they have also inspired a legion of critics, detractors, and even a few despots to intentionally distort their meanings so as to sow confusion and justify untold horrors. According to Hal Draper, these mis-readings have, in part, been made possible by the enduring prevalence of translations from the original German that fail to accurately capture the intended meaning of certain key phrases. In this magisterial volume, Draper assembles the original German text, the first English translation, the officially authorized English translation--providing enlightening commentary throughout--as well as his own new translation of the pamphlet.

What can government do to enhance social and economic well being? Nothing, says Murray N. Rothbard. Power and Market contains the proof. It will inoculate the reader against the even the slightest temptation to invoke the state as a solution to any social or economic problem. It is ultimate manual for completely de-mystifying the myth of the state. This beautiful new edition is the first to truly do it justice. The Rothbardian claim is perhaps the most radical made in the history of political economy. But how can it be convincing? What must an author do to back up this claim? Here is what Rothbard did. He systematically classified every form of intervention into three types: autistic, binary, and triangular. Within each category, he discusses their ill effects, and does so with precision and insight. Free market scholars have been using and expanding on his insights for years. But in this book we have the source. He is like an expert house inspector examining the edifice of the state. Brick by brick, nail by nail, he shows that it is fundamentally unsound. The seeming edifice is really a house of cards. This book is the ideal answer to the person who says: "I favor free markets but…." and then proceeds to advocate some intervention they believe to be helpful. Rothbard shows that it is not helpful, no matter what it is. And he provides the logic for understanding how all forms of government aggression make society worse off. Softcover, 328 pages including index.

CONTENTS: Introduction - Labour, Necessary product, Surplus Product - Exchange, Commodity, Value - Money, Capital, Surplus-value - The Development of Capital - The Contradictions of Capitalism - Trade - Credit - Money - Agriculture- Reproduction and the Growth of National Income - Periodical Crises - Monopoly Capitalism - Imperialism - The Epoch of Capitalist Decline - The Soviet Economy - The Economy of the Transition Period - Socialist Economy - Origin, Rise and Withering Away of Political Economy- Bibliography - Index

We can't sit under Mises at his famous Vienna private seminar. We can't go back in time and attend his New York seminar, or follow him to his speaking engagements that he held in the 50s and 60s.But thanks to this second volume in a thrilling series (here is volume one), we do have access to what he said. He is warm, funny, passionate, and learned. This book provides a candid look at the man and his teaching style. It demonstrates his dazzling command over the material, and teaches in a breezier way than his treatises.This volume contains nine lectures delivered over one week, from June 23, to July 3, 1952, at the San Francisco Public Library. Mises was at his prime as a teacher and lecturer. He shares a lifetime of learning on topics that were (and remain) central to American public life.As the title indicates, his main focus is on Marxism. He discusses Marx and his place in the history of ideas, the destruction wrought by his dangerous ideology, the manner in which his followers have covered up his errors, and how the Marxists themselves have worked for so long to save Marxism from itself. He discusses Marxist claims about history and refutes the smear of the industrial revolution.The approach is systematic but casual. So the reader encounters wonderful insights in the form of short asides. For example: "The worst thing that can happen to a socialist is to have his country ruled by socialists who are not his friends."As a lecturer, he is steady and relentless. The reader can nearly "hear" him speaking through the prose. And there are times when Mises reveals a level of rhetorical passion that you would never encounter in print. That's because what is printed here are not pre-prepared lectures in the sense that they were written out. They were transcribed by Bettina Bien Greaves from what he actually said.Thus can we hear this passage:It is not true, as Marx said, that the improvements in technology are available only to the exploiters and that the masses are living in a state much worse than on the eve of the Industrial Revolution. Everything the Marxists say about exploitation is absolutely wrong! Lies! In fact, capitalism made it possible for many persons to survive who wouldn't have otherwise.Some readers of Mises's larger works have said that while his rigor is dazzling, the man himself can seem remote. Whether or not you agree with this observation, Mises comes across in these lectures as brilliant but very warm and charming in an old world sense.This approach is particularly fruitful in the last four of the lectures, which cover topics such as savings, interest, inflation, profit and loss, and the place of foreign investment. The lecture on interest rates, for example, must surely rank as one of the best explanations of this complicated topic. He recounts the history of the attempt to suppress interest rates, from the ancient world to the modern period. He explains why this cannot work because interest is merely the objective sign of a phenomenon that is integral to human action. As he moves on to money, Mises reveals himself to be tougher on the issue of fiduciary media than he was when he wrote his 1912 book The Theory of Money and Credit.In response to a question Mises says: "In the future no additional banknotes should be issued, no additional credit should be entered on a bank subject to check, unless there is 100 percent coverage in money."Also not to be missed is Mises's wry defense of "money cranks": at least they were only more consistent than the advocates of Keynesian and monetarism.Mises was clearly pressed for time, so he had to be at once thorough and move quickly through the material. It's still not "light reading" by the normal standards, but for people who want to see a great mind at work, this has a wonderful element of spontaneity about it that attracts and teaches at the same time.

Book by Domb, Cyril

By one of the preeminent theorists of the Austrian school of economics, "The Theory of Money and Credit" represents a major contribution to the science of economics. Von Mises examines the value of money, how it can be measured, and the effects of credit and monetary policy at the nation-state level. Von Mises is well known for advocating a return to the gold standard as a way to eliminate the growth and recession cycles. Given the current economic crises, many people who want a better understanding of economic theory are turning back to this classic work in order to become informed on the role of monetary and credit policy.

With a new introduction by the author, this is an enduring analysis of British politics, stressing the lessons to be learnt from history. By the winner of the 1993 Wolfson History Prize awarded as 'tribute to a lifetime's contribution to the study of history.'

For more than a decade the leaders of the United States, Japan, Western Europe and Canada have met annually to discuss international economic and political issues. Hanging Together analyses the history of these seven-power summits and the relations between the Western allies during these turbulent years. New chapters in this edition relate the story of Western economic diplomacy until the Reagan Years. They give lucid accounts of the revamped international economic strategy after 1984 and how the Europeans and Japanese reacted to it. A new introduction and conclusion place the summits in a theoretical framework.

"The Master of Seventh Avenue is the definitive biography of David Dubinsky (1892-1982), one of the most controversial and influential labor leaders in 20th-century America. A 'character' in the truest sense of the word, Dubinsky was both revered and reviled, but never dull, conformist, or bound by convention. A Jewish labor radical, Dubinsky fled czarist Poland in 1910 and began his career as a garment worker and union agitator in New York City. He quickly rose through the ranks of the International Ladies' Garment Workers' Union (ILGWU) and became its president in 1932. Dubinsky led the ILGWU for thirty-four years, where he championed 'social unionism, ' which offered workers benefits ranging from health care to housing. Moving beyond the realm of the ILGWU, Dubinsky also played a leading role in the American Federation of Labor (AFL), particularly during World War II. A staunch anti-communist, Dubinsky worked tirelessly to rid the American labor movement of communists and fellow-travelers. Robert D. Parmet also chronicles Dubinsky's influential role in local, national, and international politics. An extraordinary personality whose life and times present a fascinating lens into the American labor movement, Dubinsky leaps off the pages of this meticulously researched and vividly detailed biography"--Publisher description

Magdoff’s analysis is the foundation upon which the work of an entire tradition of Monthly Review authors rests.

These essays deal with various aspects of a new, rising field, socio economics. The field is seeking to combine the variables studied by neoclassical economists with those typically studied by other social sciences. The combination is expected to provide a better understanding of economic behavior and the economy as well as society; make more reliable predictions; and be more in line with normative values we seek to uphold. The new field, though, may be less elegant mathematically and possibly less parsimonious than neoclassical economics. Some of my ideas on this subject are included in a previously published book, The Moral Dimension: TowardA New Economics (New York: The Free Press, 1988). They also led to a formation of an international society of several thousand scholars who are interested in the field, the Society for the Advancement of Socio-Economics. The essays at hand are in effect grouped. The first two, previously published respectively in the Journal of Economic Psychology and Business Ethics Quarterly, reflect my most recent thinking. They both have a utopian streak that may stand out especially in these days when unfeathered capitalism is the rage. The first points to people, who far from making consuming ever more their life's project, seek a less affiuent way oflife. It examines the psychological foundations and the social consequences of such an approach.

This book offers a unique insight into the character of Austrian economics. This work also collects the recent work of the leading authorities in this area, and will be an indispensible tool for all those interested in the implications of Austrian approach on economics. The author also examines *the market economy *theories of Competition and Entrepreneurship *the Mises-Hayek legacy.

Do you ever watch the business news and think: what would Murray Rothbard say about this? He remained a news junky all his life, even while working on his grand scholarly treatises. He was no academic snob; he believed, like Mises, that economics was the business of everyone. It is in this book that you find his running commentary on all the economic issues that vexed the world between 1982 and 1995. They are the same issues in the headlines today! The goal of this hefty tome (551pp) by this master economist is to communicate with the public about economic theory and policy, in the form of articles that appeared in the Mises Institute's monthly .This is the expanded Second Edition, and it includes 117 articles--several additional ones that were left out of the original. It includes "Taking Money Back," a 25-page populist case for the gold standard, his famous "Protectionism and the Destruction of Prosperity," along with a new essay on fixed-exchange rates, and an obituary of Ludwig von Mises. It also has a new introduction by Robert Murphy. For this reason, it is nearly 100 pages longer.No economist has ever written so clearly about subjects usually wrapped in mystery. Even when discussing exchange rates, interest rates, and central banking, Rothbard is clear and persuasive. That's what makes this book so wonderful, and so dangerous to the purveyors of economic fallacy and those who enforce their ideas on the public. Robert Murphy has written that it was this book that is most likely to get people interested in economic issues. Rothbard's prose is witty and strong, and his logic is compelling at every step. "Divided up topically, the book touches upon almost every important policy issue that has been before the public during the last decade... Reading through these over 100 articles reminded me just how deep my intellectual debt to him really was, and how richer the cause of freedom has been because of his writings over the decades." Richard Ebeling, Foundation for Economic Education. With a new introduction by Robert Murphy

This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Written toward the end of Mises's life, his last monograph, The Ultimate Foundation of Economic Science, returned to science, economics as a science based on human action. Mises believed that, since the publication of Human Action, economists and scientists alike had misinterpreted the idea of economics as a science by deeming it epistemological positivism -- that they believed that the "science" basis was still more rooted in philosophy than in actual science. In this volume, Mises argued that economics is a science because human action is a natural order of life and that it is the actions of humans that determine markets and capital decisions. Since Mises believed these links could be proven scientifically, he concluded that economics, with its basis on that human action, is indeed a science in its own right and not an ideology or a metaphysical doctrine. What has been described as his most passionate work, The Ultimate Foundation of Economic Science brings together all of the themes from Mises's previous work.

A critical examination of the role of the independent regulatory commissions, attempting to develop a more realistic concept of the process of governmental regulation and to appraise the independent commission as an agent of governmental regulation at the national level. Originally published in 1955. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

This book sets forth both a theory and a comparative empirical analysis of stagflation, that peculiar combination of high unemployment, slow growth, and spurts of high inflation bedeviling the advanced industrial nations during the past fifteen years. The authors first construct a small macroeconomic model that takes full account of aggregate demand and supply forces in the determination of output, employment, and the price level, in both a single-economy and a multi-economy setting. They then apply the model to provide an understanding of comparative performance of industrial countries in the areas of unemployment, inflation, productivity, and investment growth. They argue convincingly that the decay of the major economies during this period resulted from the supply shocks of the 1970s, such as the two major OPEC oil-price increases, and from the consequent policy-induced decrease in demand in response to inflationary pressures. Their analysis differs markedly from similar studies in that it takes specific account of institutional differences in the labor markets of the various economies. This helps to explain in particular the divergent adjustment profiles of the United States and Europe. Bruno and Sachs make several key recommendations for the mix of demand management and incomes policies necessary to combat stagflation in individual countries as well as for the coordination of macroeconomic policies among the major industrial nations.

The Production And Distribution Of Knowledge In The United States is a comprehensive book written by Fritz Machlup that explores the ways in which knowledge is produced and disseminated in the United States. The book covers a wide range of topics related to knowledge production and distribution, including the role of universities, scientific research, and intellectual property rights. Machlup also examines the impact of technology on knowledge production and distribution, as well as the ways in which knowledge is used in various sectors of the economy. The book provides a detailed analysis of the complex processes involved in the creation and dissemination of knowledge, and offers insights into the challenges and opportunities facing knowledge-based industries in the United States. Overall, The Production And Distribution Of Knowledge In The United States is a valuable resource for anyone interested in understanding the dynamics of knowledge production and distribution in modern society.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.

This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.