Sublime

Economists describe the Tragedy of the Commons like this: cattle herders sharing a pasture will inevitably place the needs of their cows above the needs of others’, adding cow after cow and taking more than their share of the common grass. The “free rider” takes advantage of the commons, and consumes it until it’s gone. This, the argument goes, is

She was allowed to deprive small men of their lives, she was not allowed to deprive great men of their property–or rather of other people’s property.

He became convinced that ordinary commercial financing could be done for a service charge plus an insurance fee amounting to much less than the current rates of interest charged by banks, whose rates were based on supply and demand, treating money as a commodity rather than as a sovereign state’s means of exchange.

Rent-seeking is trying to use protective regulations or “rights” to derive income without adding anything to economic activity, not increasing the wealth of others.

Nevertheless local assemblies of citizens constitute the strength of free nations. Town-meetings are to liberty what primary schools are to science; they bring it within the people's reach, they teach men how to use and how to enjoy it. A

Some highlights have been hidden or truncated due to export limits.

le jeune Marx expliquait comment « l’endettement de l’État était d’un intérêt direct pour la fraction de la bourgeoisie qui gouvernait et légiférait au moyen des Chambres » : C’était précisément le déficit de l’État, qui était l’objet même de ses spéculations et le poste principal de son enrichissement. À la fin de chaque année, nouveau déficit. Au

“Nothing is more wonderful than the art of being free,” Tocqueville wrote, “but nothing is harder to learn how to use than freedom.” To acquire the art of self-government, he believed, citizens have to be together. They have to come out of the isolation of their individualism and experience government at a level local enough that it brings them fac

Le discours de Hayek sur les droits négatifs et le pouvoir de dire non peut donner la fausse impression d’un État passif ou inactif dans le cadre de son ordre mondial normatif. Mais la création et la préservation d’un tel système nécessitent un engagement volontariste. Hayek lui-même affirme explicitement que le pouvoir international doit être doté