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Where and Why Public Ownership has Failed

One of several books Guyot wrote attacking socialism in the late 19th and early 20th centuries. In this volume, drawing upon his experience as the French Minister for Public Works, Guyot discusses the differences between public and private trading, with reference to railways, trams, public housing, and various government monopolies, and examines the negative financial, administrative, political, and social consequeces, such as disorder, corruption, and waste.

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In Defense of the Constitution

In Defense of the Constitution refutes modern critics of the Constitution who assail it as “reactionary” or “undemocratic.” The author argues that modern disciples of Progressivism are determined to centralize political control in Washington, D.C., to achieve their goal of an egalitarian national society. Furthermore, he contends, Progressive interpreters of the Constitution subtly distort fundamental principles of the Constitution for the precise purpose of achieving their egalitarian goals. It is in their distrust of self-government and representative institutions that Progressivists advocate, albeit indirectly, an elitist regime based on the power of the Supreme Court?or judicial supremacy. Key elements and issues in this transformation of the original republic into an egalitarian mass society are thoroughly examined.

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Government by Judiciary: The Transformation of the Fourteenth Amendment

It is the thesis of this monumentally argued book that the United States Supreme Court - largely through abuses of the Fourteenth Amendment to the Constitution?has embarked on “a continuing revision of the Constitution, under the guise of interpretation.” Consequently, the Court has subverted America’s democratic institutions and wreaked havoc upon Americans’ social and political lives. One of the first constitutional scholars to question the rise of judicial activism in modern times, Raoul Berger points out that “the Supreme Court is not empowered to rewrite the Constitution, that in its transformation of the Fourteenth Amendment it has demonstrably done so. Thereby the Justices, who are virtually unaccountable, irremovable, and irreversible, have taken over from the people control of their own destiny, an awesome exercise of power.” This new second edition includes the original text of 1977 and extensive supplementary discourses in which the author assesses and rebuts the responses of his critics.

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Capital and Interest: A Critical History of Economic Theory

Ludwig von Mises described this as a “monumental work” which “is the most eminent contribution to economic theory”. He further stated that “a man not perfectly familiar with all the ideas advanced in theses three volumes has no claim whatever to the appellation of an economist”. It is a work which made the modern intertemporal theory of interest rates possible.

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The Liberal Mind

Kenneth Minogue offers a brilliant and provocative exploration of liberalism in the Western world today: its roots and its influences, its present state, and its prospects in the new century. The Liberal Mind limns the taxonomy of a way of thinking that constitutes the very consciousness of most people in most Western countries. While few - especially in America - embrace the description of liberal, still, Minogue argues, most Americans and most Europeans behave as liberals. At least they are the heirs of what Minogue describes as “the triumph of an enlarged, flexible, and pragmatic version of liberalism.” By examining the larger implications of the concept of liberalism, Minogue offers fresh perspective on the political currents that continue to shape governments and policy in the Western world.

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Nation, State, and Economy: Contributions to the Politics and History of Our Time

Nation, State, and Economy, published less than a year after Austria’s defeat in World War I, examines and compares prewar and postwar economic conditions and explicates Mises’s theory that each country’s prosperity supports rather than undercuts the prosperity of other countries. Mises’s humanitarian recommendations in this book, born from a classical liberal perspective, provide a striking example of how supposedly “hardnosed” economic theory, based on the reality of experience, is in fact far more supportive of human flourishing than seemingly more “idealistic” but actually impractical social theories. Specifically, Mises warned of the consequences of the punitive terms of the Treaty of Versailles by victors more interested in punishing their defeated enemies than in building a Europe that would be able to meet the challenges of the future. With the benefit of hindsight we see how different European and world history might have been.

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