“It takes money to make money.” An old, oft-repeated saying, it is certainly true enough as a statement describing the functioning of capitalism. The idea is that once one possesses capital, she can loan it to others for interest or rent, or else invest it in some productive enterprise to earn profits, sitting back and…

All’inizio di settembre, la Reuters ha reso nota una ricerca commissionata dalla Federal Reserve che dimostra che negli Stati Uniti cresce la disuguaglianza in termini di reddito e ricchezza. “Tutta la crescita del reddito,” dice la Reuters, “è concentrata nella parte alta… con il 30,5% nelle mani del 3% della popolazione.” La ricerca della Federal…

C4SS Feed 44 presents “What Laissez Faire?” from the book Markets Not Capitalism, written by Sheldon Richman, read by Stephanie Murphy and edited by Nick Ford. What, then, is this system called “capitalism”? It can’t be the free market because we have no free market. Today the hand of government is all over the economy — from money…

In early September, Reuters reported on a new Federal Reserve survey showing widening wealth and income gaps in the United States. “All of the income growth,” Reuters reports, “was concentrated among the top earners …  with the top 3 percent accounting for 30.5 percent of all income.” The Fed survey will no doubt disconcert those…

Mike Whitney discusses the Ukraine and U.S. intervention. Kevin Carson discusses the role of the commons in market anarchism. Kevin Carson discusses how Obama doesn’t want to defeat ISIS too badly. Cory Massimino discusses individualist anarchism and hierarchy. Kevin Carson discusses a book on new forms of worker organization. Mel Gurtov discusses America’s return to…

The book I will discuss below develops and defends the idea of law without a state. The book’s blurb tells us the following: This book elaborates and defends the idea of law without the state. Animated by a vision of peaceful, voluntary cooperation as a social ideal and building on a careful account of non-aggression,…

C4SS Feed 44 presents Nathan Goodman‘s “‘Jobs’ as a Red Herring: The Dangers of Make-Work Bias” read and edited by Nick Ford. Still, many people measure an economy’s health in terms of employment, a phenomenon economist Bryan Caplan calls “make-work bias, a tendency to underestimate the economic benefits of conserving labor.” And there are obvious economic…

The term “market anarchism” may give some people the mistaken impression that market anarchists envision a society organized primarily around the cash nexus. In part this is because one definition of the term “market” itself equates to the market as an institution: The sphere of exchange. It may also reflect the fact that many anarcho-capitalists,…

C4SS Feed 44 presents “Advocates of Freed Markets Should Embrace ‘Anti-Capitalism’” from the book Markets Not Capitalism, written by Gary Chartier, read by Stephanie Murphy and edited by Nick Ford. Defenders of freed markets have good reason to identify their position as a species of “anti-capitalism.” To explain why, I distinguish three potential meanings of “capitalism” before suggesting that…

I’m very proud to announce that both of Students For Liberty’s (very quickly!) upcoming Virtual Reading Groups for this Fall are related to market anarchism, and both of them include C4SS Senior Fellows as Discussion Leaders. The first, led by Charles W. Johnson (with my assistance) will be a general overview of left-libertarianism, individualist anarchism,…

At Slate, Will Oremus raises the question “What if technological innovation is a job-killer after all?” (“The New Luddites,” August 6). Rather than being “the cure for economic doldrums,” he writes, automation “may destroy more jobs than it creates”: Tomorrow’s software will diagnose your diseases, write your news stories, and even drive your car. When…

C4SS Feed 44 presents David S. D’Amato‘s “Open the Borders Now and Forever” read and edited by Nick Ford. Free and open movement is the natural, unconditional right of every single individual, a prerogative that precedes governments and their arbitrary borders and policies. Confronted with this fact, even some self-styled libertarians will cavil and complain, puling that…

In the ongoing debate over the crony capitalist “Export-Import” bank, job statistics get thrown around a lot. On its website, the bank boasts that “Ex-Im Bank’s mission is American jobs,” claiming to have “supported 1.2 million private-sector, American jobs since 2009, supporting 205,000 jobs in 2013 alone.” Economist Veronique de Rugy points out that these job numbers…

Markets not Capitalism is a wonderfully compiled set of readings spanning 150 years of the market anarchist tradition. We must first commend Gary Chartier and Charles Johnson on their work in bringing all this great literature together and bundling it in a fantastic book for those interested in what market anarchism truly has to offer, as…

With Stan Lee and the Rise and Fall of the American Comic Book, coauthors Jordan Raphael and Tom Spurgeon provide a balanced biography — thorough, yet a concise 300 pages; sympathetic yet markedly non-hagiographic — of not only the titular comics stalwart, shown punching through the comics page like one of his larger-than-life creations in the playful cover illustration; not even just…

Human communication systems offer incredible insight to the creative nature of human beings, spontaneous social order and emerging markets within our societies. For the first time in human history we are sharing ideas from the local to the global in scale. With the advent of the Internet, social media and growing social networks, communication costs are at…

“Are you interested in individualist anarchism, or at least so frightened by it that you want to keep an eye on its progress? Are you frustrated by capitalism’s love for central planning and communism’s conservative view of human potential? Do you suspect that abolishing the institution responsible for war, police brutality, and mass incarceration might…

Thomas Hodgskin (1787-1869), the English economics writer I discussed previously, is an enigma — until his philosophy is seen in its entirety. He was an editor at The Economist of London from 1846 to 1855, during the period author Scott Gordon called “the high tide of laissez faire, yet he is considered a Ricardian socialist,…

“Our leaders invent nothing but new taxes, and conquer nothing but the pockets of their subjects.” — Thomas Hodgskin Is government the source of our rights? I fear that today many people would say yes. Not infrequently it is said that the government or the Constitution grants us freedom of speech or press or the…

C4SS Feed 44 presents Ryan Calhoun‘s “The Libertarian Virtue Of Slack” read and edited by Nick Ford. The common libertarian nowadays is of the same non-interventionist temperament as the Taoists. They endorse individual preference, spontaneity and self-interest. They loathe the State and central planners of all kinds. Most libertarians identify, also, as individualists — both methodologically and…