This year is the bicentennial of the birth of Karl Marx (1818-1883) and in this month's Liberty Matters online discussion we will explore the strengths and weaknesses of Marx's political, economic, and social thought. The lead essay is by Virgil Storr, senior research fellow at the Mercatus Center and a professor of economics at George Mason University, where he explores Marx's "moral critique of capitalism" which he argues underlies his economic and social critiques of capitalism. He is joined in this discussion by Pete Boettke, Professor of Economics and Philosophy at George Mason University; Steve Horwitz, Distinguished Professor of Free Enterprise in the department of economics at Ball State University in Muncie, Indiana; David Prychitko, professor of economics at Northern Michigan University; and David Hart, the Director of Liberty Fund's Online Library of Liberty Project. See the Archive of "Liberty Matters".

This month’s Liberty Matters discusses the work of the Austrian economist Ludwig M. Lachmann (1906 - 1990). All his whole professional life Lachmann considered himself an "Austrian" economist, a soldier dedicated to fostering an appreciation of Austrian insights and to developing those insights beyond the initial contributions of Carl Menger. So Lachmann saw it as his mission to advance among the Austrians a heightened appreciation of the importance of the subjective and autonomous nature of expectations. Lachmann’s most significant contribution to economic theory was to the theory of capital. These contributions can be found in numerous articles in the 1940s, during the LSE period, culminating in his book Capital and its Structure (1956), and in various articles subsequently right up until his death, and also in his final full length work, The Market as an Economic Process (1986). Lachmann’s capital theory is a logical outgrowth of his methodological and epistemological views. In other words, it reflects his thoroughgoing subjectivism. The topic is introduced by Peter Lewin, Clinical Professor in the Jindal School of Management, University of Texas, Dallas, and is joined in the discussion by Hans Eicholz, Senior Fellow at Liberty Fund; Paul Lewis, Reader in Economics and Public Policy at King’s College London; Mario J. Rizzo, professor of economics at NYU, and Bill Tulloh is a cofounder and economist at Agoric. See the Archive of "Liberty Matters".

Anti-Slavery Tracts. Second Series, nos. 1-25 (New York: American Anti-Slavery Society, 1860-62).

Anti-Slavery Tracts. First Series, Nos. 1-20 (New York: American Anti-Slavery Society, 1855-56).

The second of two collections of anti-slavery tracts published by the American Anti-Slavery Society between 1860-62. It consists of 25 pamphlets written by William Lloyd Garrison, Daniel O'Connell, Maria Child, Wendell Phillips, and others. The first collection of 20 pamphlets appeared in 1855-56.

The first of two collections of anti-slavery tracts published by the American Anti-Slavery Society between 1855-56. It consists of 20 pamphlets written by Higginson, Foster, Burleigh, Beecher Stowe, and others. A second collection of 25 would appear in 1860-62.

Staatswissenschaftliche Arbeiten. Festgaben für Karl Knies zur fünfundsiebzigsten Wiederkehr seines Geburtstages in dankbaren Vehehring. Otto v. Boenigk (Hrsg.) (Berlin: O. Haering, 1896).

Karl Marx and the close of his system, a criticism. Translated by Alice M. Macdonald with a Preface by James Bonar (London: T. Fisher Unwin, 1898).

The German original of Böhm-Bawerk’s devastating review of Karl Marx’s Das Kapital volume 3 which had appeared posthumously in 1894. An HTML version of his essay can found here. An English translation of this can be found here in PDF and HTML.

A translation of Böhm-Bawerk’s devastating review of Karl Marx’s Das Kapital vol. 3 which had been published posthumously in 1894 by Engels. An HTML version of the text can be found here. The German language original can be found here in HTML and PDF.