One of the many joys of blogging is that you don’t have to say everything, you can be content to say something, and the something I want to say here is that I want to add my little voice to the chorus now saying that Brink Lindsey’s recent book Against The Dead Hand – The Uncertain Struggle for Global Capitalism is very good.
I’ve not read all of the book yet, but Lindsey’s description (see for example chapter 2: “The Industrial Counterrevolution”) of the wider public policy atmosphere around 1900 is as good as I’ve ever encountered. You can read detailed blow-by-blow descriptions of the “Economic Calculation Debate” which are as good, and far more detailed of course, but a persuasive sense of how it all fitted into the big wide world out there, then and since, is harder to come by.
I’m now dipping into the more current stuff, which is much enriched by the fact that Lindsey works at the formidable Cato Institute. Here’s a typically good quote (on page 192):
… if – as is perfectly obvious – the world today is a jumble of market-oriented and anti-market elements, and if markets are recognized as efficient and useful while full-blown-collectivism is counted a failure, why blame markets and not the remnants of discredited collectivism for the fact that the current jumble is sometimes volatile?
By way of a personal footnote, I’ve also recently dug up an old piece of propaganda I did for a libertarian-conservative gang of stirrers at the University of Exeter, circa 1992, written by my wise and wonderful self. It’s a list of 37 reasons Why I am a Libertarian (Libertarian Alliance, forthcoming Real Soon Now), each starting with “Because”. Here’s Because Number 24:
Because if total state control is a mess, and a “balance” between state control and liberty is half reasonable, then total liberty would be totally reasonable.
Which is pretty much the same meme. And good memes can’t be bounced about too much and too often.
But I digress. My basic message here is, if you’ve any time at all to do it: Read Brink’s Book.
