The Economics and Ethics of Private Property
Encyclopedia
The Economics and Ethics of Private Property: Studies in Political Economy and Philosophy by Hans-Hermann Hoppe
was first published in 1993 followed by a second edition in 2006.
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Hans-Hermann Hoppe
Hans-Hermann Hoppe is an Austrian School economist of the anarcho-capitalist tradition, and a Professor Emeritus of economics at the University of Nevada, Las Vegas.-Academic career:...
was first published in 1993 followed by a second edition in 2006.
Brief summary
From the back cover of the second edition:The topics covered by Hans-Hermann Hoppe are wide-ranging—employment, interest, money, banking, trade cycles, taxes, public goods, war, imperialism, and the rise and fall of civilizations—but the core theoretical insight uniting the entire discussion is as consistently applied here as it is neglected by the economic mainstream: the absolute inviolability of private propertyPropertyProperty is any physical or intangible entity that is owned by a person or jointly by a group of people or a legal entity like a corporation...
as a human right as the basis of continuous economic progress.
The right to private property is an indisputably valid, absolute principle of ethics, argues Hoppe, and the basis for civilizational advance. Indeed, it is the very basis of social order itself. To rise from the ruins of socialismSocialismSocialism is an economic system characterized by social ownership of the means of production and cooperative management of the economy; or a political philosophy advocating such a system. "Social ownership" may refer to any one of, or a combination of, the following: cooperative enterprises,...
and overcome the stagnation of the Western welfare stateWelfare stateA welfare state is a "concept of government in which the state plays a key role in the protection and promotion of the economic and social well-being of its citizens. It is based on the principles of equality of opportunity, equitable distribution of wealth, and public responsibility for those...
s, nothing will suffice but the uncompromising privatizationPrivatizationPrivatization is the incidence or process of transferring ownership of a business, enterprise, agency or public service from the public sector to the private sector or to private non-profit organizations...
of all socialized—that is, government—property and the establishment of a contractual society (or anarchyAnarchyAnarchy , has more than one colloquial definition. In the United States, the term "anarchy" typically is meant to refer to a society which lacks publicly recognized government or violently enforced political authority...
) based on the recognition of private property rights.
Part One – Economics
- 1 Fallacies of the Public Goods Theory and the Production of Security
- 2 The Economics and Sociology of Taxation
- 3 Banking, Nation States, and International Politics: A Sociological Reconstruction of the Present Economic Order
- 4 Marxist and Austrian Class Analysis
- 5 Theory of Employment, Money, Interest, and the Capitalist Process: The Misesian Case Against Keynes
- 6 How is Fiat Money Possible?—or, The Devolution of Money and Credit
- 7 Against Fiduciary Media
- 8 Socialism: A Property or Knowledge Problem?
Part Two – Philosophy
- 9 On Praxeology and the Praxeological Foundation of Epistemology
- 10 Is Research Based on Causal Scientific Principles Possible in the Social Sciences?
- 11 From the Economics of Laissez Faire to the Ethics of Libertarianism
- 12 The Justice of Economic Efficiency
- 13 On the Ultimate Justification of the Ethics of Private Property
- 14 Austrian Rationalism in the Age of the Decline of Positivism
- 15 Rothbardian Ethics
Appendix: Four Critical Replies
- Demonstrated Preference and Private Property
- Utilitarians and Randians versus Reason
- Intimidation by Argument
- On the Indefensibility of Welfare Rights
Dedication
Hoppe dedicated the original book to Murray N. Rothbard, who was Hoppe's mentor and colleague in the economics department at the University of Nevada, Las VegasUniversity of Nevada, Las Vegas
University of Nevada-Las Vegas is a public, coeducational university located in the Las Vegas suburb of Paradise, Nevada, USA. The campus is located approximately east of the Las Vegas Strip. The institution includes a Shadow Lane Campus, located just east of the University Medical Center of...
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Publishing history
- Ludwig von Mises InstituteLudwig von Mises InstituteThe Ludwig von Mises Institute , based in Auburn, Alabama, is a libertarian academic organization engaged in research and scholarship in the fields of economics, philosophy and political economy. Its scholarship is inspired by the work of Austrian School economist Ludwig von Mises...
. Auburn, Alabama. January 2006. ISBN 0-945466-40-4.
- Kluwer Academic PublishersSpringer Science+Business Media- Selected publications :* Encyclopaedia of Mathematics* Ergebnisse der Mathematik und ihrer Grenzgebiete * Graduate Texts in Mathematics * Grothendieck's Séminaire de géométrie algébrique...
(Springer). March 31, 1993. ISBN 0-7923-9328-7.
Excerpts
- Chapter 2, Part I: The Economics of Taxation
- Chapter 2, Part II: The Sociology of Taxation
- Chapter 10 from the 1993 edition: On the Ultimate Justification of the Ethics of Private Property (in PDF format) (Chapter 13 in the 2006 edition)
- Chapter 15: Rothbardian Ethics (slightly edited)
- Replies to four critics in PDF format. (From the 1993 edition appendix)
- The Economics and Ethics of Private Property Entire Book, 2006 Edition (in PDF format)
External links
- The Hoppeian Way, a review of the 2006 edition by David Gordon.
- Review in The Freeman of the 1993 edition
- List of links to other reviews
- Compilation of links to almost every excerpt of Hoppe's book in the argentinian blog Propiedad Privada