The following publications are important to understanding economics and politics, especially the interplay between capitalism and socialism. I try choose as many free publications as possible, so that readers can get them immediately and, of course, free. Many older works are still valid today. The date of publications has nothing to do with the importance of their content.
This is a must read for anyone interested in why some countries become totalitarian. It focuses especially on Nazi Germany (can I write Nazi on my own site and not have it censored?) and Stalin’s Soviet Russia. It is a must read for those trying to understand why all socialist economies become totalitarian.
This is book is available free on the internet. Clink on the title for one link.
Babbit’s timeless book shows the connection between Rousseau, Romanticism and the chaos of our time. Written 100 years ago, it is a prescient view of our world today. Babbitt predicted the future chaos that Rousseau and his misguided romantic ideas that we see inflicted on the world today. These notions also include why France and the EU have allowed for immigration of unassimilable peoples, such as Muslims. It also explains why there is a complete lack of personal responsibility in modern society and why it is “society” that is blamed for the problems in the world and not the individual’s poor decisions. According to Rousseau, an individual is incapable of making poor decisions.
I have written a post about Romanticism and why it is the bane of the Western World and one of the roots of our problems. Ignorant thinkers have included Rousseau in the Pantheon of Founding ideas along with Locke. This is a complete mistake.
A great book dealing with systemic decisions. If you want to understand how government actually works, this is the book for you.
A great review of this book can be read here, About Knowledge and Decisions, by William Havender.
This is a lesser known work by Friedrich Hayek, the 1974 receipient of the Nobel Prize in Economics, but along with the Road to Serfdom, it is his most important. In a time where the cental banks are offering interests rates a zero percent and even less than zero, Hayek proposs that private, non-government money is the answer. First written and published in 1976, it was revised and republished in a third edition in 1990.
America is ready economically and technologically for private money. What remains is the political will to understand and make the change. Very few people know about private money or understand private money. They are afraid to make the change.