A Crisis of Political Economy

October 1, 2008 12:41 PM by Chris Matthew Sciabarra

Today at my Notablog, I posted a rather lengthy tome entitled, "A Crisis of Political Economy," with lots of links to posts and essays written by my colleagues here at Mises.org. Comments, as always, are welcome.

International Encyclopedia of Economic Sociology: Libertarianism

January 5, 2006 8:28 AM by Chris Matthew Sciabarra

As I mentioned here and here, I wrote an entry on "libertarianism" for the International Encyclopedia of Economic Sociology. The entry surveys those who have contributed to a libertarian "sociology," thinkers such as Herbert Spencer, Carl Menger, F. A. Hayek, Ludwig von Mises, Murray Rothbard, and Ayn Rand.

I am pleased, today, to publish that entry, with permission from Routledge, on my website:

"Libertarianism"

John Leo on Dems and Rothbard

October 31, 2005 3:13 PM by Chris Matthew Sciabarra

I got a little surprise today reading John Leo's NY Daily News column, "It's '72 All Over Again for Dems." Leo focuses on what he believes are the parallels between the failure of welfare liberalism, circa 1972, and the failure of liberalism in the post-9/11 era. He cites Austrian economist and libertarian social theorist Murray Rothbard at one point:

"The McGovernite movement," wrote Murray Rothbard, a prominent libertarian, "is, in its very nature, a kick in the gut to Middle America."

Leo argues, in essence, that it was the McGovernite movement that created the current-day phenomenon, the "modern split between red-state and blue-state America." He adds:

Many members of disfavored groups---Catholics, Southerners and much of the white working class and lower middle class---decamped for the Republican Party, while the Democrats emerged more clearly visible as the party of well-off liberals, the poor, identity and grievance groups, secularists and the cultural elite."

Leo is correct in one sense that the extreme swing toward identity politics in the late '60s and early '70s did create a cultural backlash of sorts. But that backlash has been as inspired by interventionist liberalism as the identity politics it views as anathema. As I have argued here and elsewhere, so-called "religious right" groups are just as enamored of statist intervention on their behalf as the so-called "left-wing" groups they oppose.

Much has, of course, changed since the 1960s, ideologically speaking. Some of these changes Leo ignores completely, like, for example, the emergence of neoconservatism as a political ideology, which integrates some of the worst left-wing and right-wing impulses.

In any event, it's an interesting read.