Tag: Books
Patent Litigation Is No Laughing Matter… Or Is It?

As pointed out in my forthcoming Independent Institute book, Patent Trolls: Predatory Litigation and the Smothering of Innovation, the American patent system is in need of an overhaul. This is no laughing matter, but Stephen Colbert, in the following, recent segment from “The Colbert Report” on Comedy Central takes Amazon to task for claiming…
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Piketty’s Capital: III

In a recent post on The Beacon I argued that what Thomas Piketty called “the first fundamental law of capitalism” in his recent book, Capital in the Twenty-First Century, depicted the causal relationship between the value of capital and the return earned by capital backwards.  Representing the return on capital as α, the rate…
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Piketty’s Capital: II

Thomas Piketty’s Capital in the Twenty-First Century is well-written and well-researched, as I have indicated already, but it has some fundamental problems with the way it depicts capital. Piketty says “the first fundamental law of capitalism” is that the share of income going to capital, α, is equal to the return on capital, r,…
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Piketty’s Capital: I

Thomas Piketty’s Capital in the Twenty-First Century is a surprising best-seller (how many economics books make the New York Times best-seller list?) and has been getting lots of press lately.  Reading it, I have some comments and observations, which I will make in a series of posts rather than in one extended review.  I’m…
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The Austrian School of Economics

I’ve just published a short book, Advanced Introduction to the Austrian School of Economics, which is designed to give people with some knowledge of economics an explanation of what ideas distinguish the Austrian school from mainstream economic thought.  The paperback is relatively affordable ($22.36 if ordered on-line).  The book is much slimmer in person…
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The Concise Case for Free Speech Against Its Enemies

“A liberal society stands on the proposition that we should all take seriously the idea that we might be wrong. This means we must place no one, including ourselves, beyond the reach of criticism; it means that we must allow people to err, even where the error offends and upsets, as it often will.”…
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Gary S. Becker, R.I.P.

I first met Professor Gary Becker (1930-2014) about 15 years ago, when he came to Oxford, Miss., to present a public lecture at the University of Mississippi sponsored by the Robert M. Hearin Foundation. My coauthor and then-colleague Bob Tollison and I breakfasted with him early on the morning of Dr. Becker’s visit, after…
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Tolstoy’s Remarkable Manifesto on Christian Anarchy and Pacifism

I’ve just finished reading Leo Tolstoy’s remarkable book The Kingdom of God Is Within You. This was written in Russian and completed in 1893, but the Russian censors forbade its publication. It circulated in unpublished form in Russia, however, and was soon translated into other languages and published abroad. It had substantial influence on…
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Unlearning Liberty to the Detriment of Us All

“A nation that does not educate in liberty will not long preserve it and will not even know when it is lost.” —Alan Kors Since my days as an undergraduate, I’ve been a major supporter of the Foundation for Individual Rights in Education (FIRE) and its tireless efforts in defending the academic freedom of…
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America’s Spymasters and Cultural Propaganda

The U.S. intelligence community has come under fire for its mass electronic surveillance programs designed to discover what Americans talk about privately. But would it surprise anyone to learn that the nation’s spymasters have also tried to shape what Americans read? And not only disinformation they feed to credulous journalists—such skullduggery has been known…
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