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New books and Reviews Coming

May 6, 2010

This is a short post to inform you that I recently purchased two books from the Ludwig von Mises Institute store, The Law by Frederic Batiat, and Elementary Lesson in Logic by William Stanley Jevons. Below is a description of each book, which can be found at the Mises store.

Many of you don’t know, but I have been working on an e-magazine. The first issue should be ready by May 15th, and then the second on July 15th (and so on). In the July 15th piece I will submit my review of The Law, I hope you find it interesting.

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How is it that the law enforcer itself does not have to keep the law? How is it that the law permits the state to lawfully engage in actions which, if undertaken by individuals, would land them in jail?

These are among the most intriguing issues in political and economic philosophy. More specifically, the problem of law that itself violates law is an insurmountable conundrum of all statist philosophies.

The problem has never been discussed so profoundly and passionately as in this essay by Frederic Bastiat from 1850. The essay might have been written today. It applies in ever way to our own time, which is precisely why so many people credit this one essay for showing them the light of liberty.

Bastiat’s essay here is timeless because applies whenever and wherever the state assumes unto itself different rules and different laws from that by which it expects other people to live.

And so we have this legendary essay, written in a white heat against the leaders of 19th century France, the reading of which has shocked millions out of their toleration of despotism. This new edition from the Mises Institute revives a glorious translation that has been out of print for a hundred years, one that circulated in Britain in the generation that followed Bastiat’s death.

This newly available translation provides new insight into Bastiat’s argument. It is a more sophisticated, more subsantial, and more precise rendering than any in print.

The question that Bastiat deals with: how to tell when a law is unjust or when the law maker has become a source of law breaking? When the law becomes a means of plunder it has lost its character of genuine law. When the law enforcer is permitted to do with others’ lives and property what would be illegal if the citizens did them, the law becomes perverted.

Bastiat doesn’t avoid the difficult issues, such as why should we think that a democratic mandate can convert injustice to justice. He deals directly with the issue of the expanse of legislation:

“It is not true that the mission of the law is to regulate our consciences, our ideas, our will, our education, our sentiments, our sentiments, our exchanges, our gifts, our enjoyments. Its mission is to prevent the rights of one from interfering with those of another, in any one of these things. Law, because it has force for its necessary sanction, can only have the domain of force, which is justice.”

More from Bastiat’s The Law:

Socialism, like the old policy from which it emanates, confounds Government and society. And so, every time we object to a thing being done by Government, it concludes that we object to its being done at all. We disapprove of education by the State — then we are against education altogether. We object to a State religion — then we would have no religion at all. We object to an equality which is brought about by the State then we are against equality, etc., etc. They might as well accuse us of wishing men not to eat, because we object to the cultivation of corn by the State.

How is it that the strange idea of making the law produce what it does not contain — prosperity, in a positive sense, wealth, science, religion — should ever have gained ground in the political world? The modern politicians, particularly those of the Socialist school, found their different theories upon one common hypothesis; and surely a more strange, a more presumptuous notion, could never have entered a human brain.

They divide mankind into two parts. Men in general, except one, form the first; the politician himself forms the second, which is by far the most important.

Bastiat concludes his penetrating analysis with this:

The social organs are constituted so as to enable them to develop harmoniously in the grand air of liberty. Away, then, with quacks and organizers! Away with their rings, and their chains, and their hooks, and their pincers! Away with their artificial methods! Away with their social laboratories, their governmental whims, their centralization, their tariffs, their universities, their State religions, their inflationary or monopolizing banks, their limitations, their restrictions, their moralizations, and their equalization by taxation! And now, after having vainly inflicted upon the social body so many systems, let them end where they ought to have begun — reject all systems, and try of liberty — liberty, which is an act of faith in God and in His work.

This special Mises Institute edition is priced for the largest possible distribution. Whether you buy one or one hundred, you can look forward to one of the most penetrating and powerful essays written in the history of political economy.

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Henry Hazlitt strongly recommended this book for all students of the social sciences. It had a formative influence on his life. In fact, it is the book that taught him how to think.

And not only Hazlitt. William Stanley Jevons’s book was the seminal contribution that educated many generations of English and American scholars that crucial discipline of logic. It teaches the rules for thinking. Now, this was a subject that every student once had to take, and not in college but quite early in life, and certainly by high school.

No more. Today, it is widely assumed that there is no structure of thinking that is worth studying. And perhaps that explains why serious thinking is so rare. It is nothing short of astonishing that most people go all the way through school with no exposure to logic at all.

We’ve long looked for a good text to bring into print. Jevons, one of the architects of the Marginal Revolution, is a great choice.

To be sure, this book is not easy. It takes patience and discipline. It offers a great challenge to anyone. However, if you can go through the book and learn from it, you will have a massive advantage over colleagues, most of whom have never studied this area.

Does it make sense that an economics publishers would bring out a book on logic? Certainly it does from a Misesian point of view. Logic is the method of economic thinking. Without it, indeed, economic theory is not possible.

May Jevons school the current generation in the way he did so many previous ones.

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