Laissez-faire Etymology and usage Legend has it that the term laissaez faire originated in a meeting that took place around 1681 between powerful French Comptroller-General of Finances Jean-Baptiste Colbert and a group of French businessmen headed by a certain M. Le Gendre. When the eager mercantilist minister asked how the French state could be of service to the merchants and help promote their commerce, Le Gendre replied simply "Laissez-nous faire" ("Leave it to us" or "Let us do ["it," the French verb not having to take an object]"). The anecdote on the Colbert–Le Gendre meeting appeared in a 1751 article in the Journal économique, written by French minister and champion of free trade René de Voyer, Marquis d'Argenson—also the first known appearance of the term in print. Argenson himself had used the phrase earlier (1736) in his own diaries, in a famous outburst: Laissez faire, telle devrait être la devise de toute puissance publique, depuis que le monde est civilisé ... China
Discover How to Draw & Paint Whatever You Want Adam Smith, Wealth of Nations, Content Introduction Chapter 1. Of the Division of Stock Chapter 2. Of Money considered as a particular branch of the general Society, or of the Expense of maintaining the National Capital Chapter 3. Chapter 4. Chapter 5. Introduction Chapter 1. Chapter 2. Chapter 3. Part 1. PART 2. CHAPTER 4. CHAPTER 5. CHAPTER VI Of Treaties of Commerce CHAPTER VII Of Colonies PART 1 Of the Motives for establishing new Colonies PART 2 Causes of Prosperity of New Colonies PART 3 Of the Advantages which Europe has derived from the Discovery of America, and from that of a Passage to the East Indies by the Cape of Good Hope CHAPTER VIII Conclusion of the Mercantile System CHAPTER IX Of the Agricultural Systems, or of those Systems of Political Economy which represent the Produce of Land as either the sole or the principal Source of the Revenue and Wealth every Country
Terrorist or Hero? An Interview with the 'Rosa Parks of Monetary Liberty' by Scott Ledd by Scott Ledd Scuttledd An Interview with the “Rosa Parks of Monetary Liberty,” Bernard von NotHaus I'd like to invite you, Dear Reader, to participate in a brief thought experiment with me. Statement: I just completed an interview with a known terrorist. What did your terrorist look like? Now I am not a betting man, but if I were, I would be willing to wager your terrorist had a thick, black beard. Okay, now take that image in your mind, and compare it to the picture of the real person to which I refer below. Terrorist? Are you terrified yet? The man pictured above is named Bernard von NotHaus, a friendly and engaging man who is the former Mintmaster at the Royal Hawaiian Mint, and later the creator of the Liberty Dollar, a free market, commodity-backed, private currency used in bartering between some 250,000 Americans in communities all across the States. Most people are not aware that the US Constitution is very explicit in this matter. 2003 Silver Liberty Dollars Interview:
The Great Domain of Cost-Plus: The Waste Production Economy The mainstream Left faults corporate capitalism for planned obsolescence, waste, and general excess — but usually misses the statist root of the problem. Kevin Carson, though, consistently strikes it. His eleventh research study for the Center is now available for download: The Great Domain of Cost-Plus: The Waste Production Economy [PDF] Cost-Plus: The Waste Production Economy By Kevin Carson “Mass production requires running machinery at full speed to minimize unit costs, without regard to preexisting demand. This “ready to print” version of Cost-Plus was created by Invisible Molotov. Invisible Molotov is a market anarchist zine distro & publishing house. Translations for this article: Portuguese, O Grande Domínio do Custo Acrescido: A Economia de Produção de Desperdício.
Capitalism The degree of competition, role of intervention and regulation, and scope of state ownership varies across different models of capitalism. Economists, political economists, and historians have taken different perspectives in their analysis of capitalism and recognized various forms of it in practice. These include laissez-faire capitalism, welfare capitalism, crony capitalism and state capitalism; each highlighting varying degrees of dependency on markets, public ownership, and inclusion of social policies. The extent to which different markets are free, as well as the rules defining private property, is a matter of politics and policy. Many states have what are termed capitalist mixed economies, referring to a mix between planned and market-driven elements. Capitalism has existed under many forms of government, in many different times, places, and cultures. Following the demise of feudalism, capitalism became the dominant economic system in the Western world. Etymology
The Secret of Japan’s Strength Background: This is a partial translation of a 128-page booklet about Japan first published in 1942 by the Nazi Party’s publishing house. New printings brught the press run to 700,000 by 1944. I include a full translation of the introduction and final chapter, with brief summaries of what is between. The author is a rather interesting person whose grandson provided me with further information about him. The source: Albrecht Fürst von Urach, Das Geheimnis japanischer Kraft (Berlin: Zentralverlag der NSDAP, 1943). The Secret of Japan’s Strength by Albrecht Fürst von Urach Introduction [Full Text] The rise of Japan to a world power during the past 80 years is the greatest miracle in world history. What did the rest of the world, or we in Germany, know only two generations ago about Japan? ne had heard of an island nation in the Far East with peculiar customs, of an island nation that produced fine silk and umbrellas from oiled paper, that honored a snow-capped mountain as if it were a god.
Finance for Physicists Finance for Physicists This page arose because I am often asked for advice and suggestions about how to prepare for, and get a job on Wall Street as a quantitative analyst. Everything here is subjective and personal opinion, but I hope that you will find it useful. What do physicists actually do on Wall Street? Risky business on Wall Street? Physics with finance at the University of Illinois at Urbana-Champaign In order to provide a cheap and easy way for physics students at my home institution to become knowledgeable in finance, I created a course option that yields a Masters in Finance for Physics students. Courses at other universities There are many courses offered in computational finance at academic institutions. Job hunting on Wall Street To get a job on Wall St., it is essential to be well-prepared and knowledgeable about financial derivatives. A fun place to start is the ingenious Comix series, from the trade magazine Derivatives Strategy. Books J. E. Getting a job
LewRockwell.com STUDY: The Market, Not Government, Is The Worker’s Friend FOR IMMEDIATE RELEASE 09/30/10 POC Thomas L. Knapp firstname.lastname@example.org 530-618-C4SS September 30 – In the Center for a Stateless Society’s latest study, “Labor Struggle: A Free Market Model,” C4SS Research Associate Kevin Carson examines the role of state labor regulation in halting the progress of unionism and explores the real source of pre-Wagner Act gains for labor: Direct action and worker solidarity in the face of combined state and corporate power. “The predominance of the conventional strike as we know it, as the primary weapon of labor struggle,” writes Carson, “is in fact a byproduct of the labor relations regime created under the Wagner Act. … In the system of labor relations extant before Wagner, strikes were only one part of the total range of available tactics. The Center for a Stateless Society is a project of the Molinari Institute, dedicated to building public awareness of, and support for, market anarchism. -30- about 210 words