Thursday, December 12, 2013

Revolt on the Campus by M. Stanton Evans

Status: One Round of QC (12.11.2013)


Fix Notes:

Page 65: par. 0: pamphlets

[...] be glad to send them their pamplets.

Page 65: par. 1: beginnings

Such were the modest biginnings of 1953. In the eight years since, they have been extended, not by high-pressure campaigning, but by the slow accretion of consent.

Page 105: par. 5: phenomenon

And his own following among college students has swollen into a massive national phenonemon.

Page 113: par. 0: organization

An endorsement by an infant organiaztion would do Nixon very little good; those who wanted his election could best achieve it [...]

Page 117: Footnote: between

[...] a radio appearance by author-editor Frank Meyer; speeches by Walter Judd and Senator Barry Goldwater; a debate betweeen William F. Buckley, Jr. and Charles Taft; [...]

Page 146: Footnote: social

A good deal of this jargon is borrowed from the graceless vocabulary of the socal scientists.

Page 228: par. 2: Committee’s

(Among the Central Committeee’s Iron Curtain members were Professor Josef Hromadka of Czechoslovakia, and Bishop Lajos Veto, a member of the Communist Hungarian Parliament.)

Page 248: Index: "VanHorne, Grant" accidentally missing a space. Should be "Van Horne, Grant"


Page 162: par. 4: purusal (?)

The delegates were told that “rather than a rally of student support, the conference will be a serious persual of all important aspects of the Peace Corps proposals.”

Saturday, December 7, 2013

The Meaning of Ludwig von Mises edited by Jeffrey M. Herbener

Status: One Round of QC (12.07.2013)


Fix Notes:

Page 47: "Roger A. Arnold" shouldn't be italic, the authors in all the other chapters are not italic.

Page 57: Footnote 5: "Penn," to "Penn."

[...] a slightly shorter version of Haberler’s essay may be found as an appendix to Ludwig von Mises, Planning for Freedom (Spring Mills, Penn,: Libertarian Press, 1980), [...]

Page 60: Footnote 13: "Liberty Fund"

Ludwig von Mises, The Theory of Money and Credit, 3rd rev. ed. (1912; 2nd rev. ed., 1924; Indianapolis, Ind.: Liberty Funf, 1981).

Page 69: Footnote 36: Missing a closing period.

Page 71: par. 0: no spaces in the first line (?)

Page 112: Footnote 16: Revisited

[...] “‘Unreal Assumptions’ in Economic Theory: the F-Twist Revisted,” [...]

Page 133: Footnote 11: Space needs to be removed

[...] and The Free and Prosperous Commonwealth (Princeton, N .J.: D. Van Nostrand, 1962).

Page 159: Footnote 30: needs a space

More precisely still: it is structured according to thecategories of logic, arithmetic and protophysics (including geometry).

Page 167: Footnote 2: Spring

Eugen von Böhm-Bawerk, Capital and Interest (1889; Sping Mills, Penn.: Libertarian Press, 1959).

Page 232: par. 0: remove the space at the end of blockquote

The determination of prices has, as far as the mutual exchange ratios between various commodities are concerned, no direct causal relationship whatever with the prices of the past .80

Page 250: Footnote 9: remove the space

A short review of the price stabilization movement is found in Murray N. Rothbard, America’s Great Depression , 4th ed. (1963; New York: Richardson & Synder, 1983), pp. 153-64.

Page 257: Footnote 29 at the very bottom of the page should not belong on that page. There is a duplicate (and the actual footnote in the text) on page 258.

Page 262: Footnote 39: maneuvers

For a full account of Durant’s devious manuevers, [...]

Page 266: "H.E. Batson" changed to "H. E. Batson" (to match the style of the rest of the book)

Page 277: par. 0: needs a space added

[...] supplementedby yesterday’s wild extravagances, should emphasize [...]

Page 284: Thanking footnote: "M.E. Bradford" changed to "M. E. Bradford" (to match the style of the rest of the book)

Page 285: footnote 4: This quotation needs to be flipped to a closing Right Double Quote.

[...] but by this he meant social systems characterized by “stagnation” and “rigidity,” where the purpose of government is to “prevent any innovations that could endanger its own supremacy. “This definition of conservatism would apply to Eastern cultures and Bismarckian welfarism.

Page 298: par. 1: twentieth

Neither did Mises sympathize with twenieth-century feminism.

Page 310: bottom par.: there is a footnote number 81.

Page 317: bottom par.: There is a colon accidentally in the superscript of Footnote 104.

3. Mises can be seen as typical of twentieth-century laissez-faire economics104: the advocates of free markets have largely been associated with cultural traditionalism.

Page 330: Footnote 26: Missing a closing period.


I removed the multiple title pages (page 2 of the PDF, page 4 of the PDF).

Sunday, December 1, 2013

A Humane Economy: The Social Framework of the Free Market by Wilhelm Röpke

Status: One Round of QC (12.01.2013)


Library of Congress Catalog Number: 60-9661

Fix Notes:

Page 158: par. 0: "Lloyd’s Bank Review" should be "Lloyds Bank Review" (to match the other usages in the book)

Page 215: par. 1: responsibility

It certainly has the ultimate responsibilty.

Page 224: par. 1: between

I would go so far as to deny the justice of calling anyone a deflationist in the same sense in which his opposite number may be called an inflationist, for the simple reason that, as we know, there exists an asymmetry betwen inflation and deflation.

Page 282: Footnote 33: "M. Friedmann" needs to be "M. Friedman"

Page 305: Index on the right column: "Friedmann, M.," needs to be "Friedman, M.,"

Page 308: Index on the right column under "Mass state—cont.": "industralization" -> industrialization


I removed the "secondary title page" on page 15 of the PDF (right before Chapter 1). It doesn't make much sense in the ebook edition.

Page 282: bottom right corner is missing.


Page 201-202: last par. to next page: savings (?)

Thus saving, which got such poor marks in the theories inspired by Keynes, is again assigned the place of honor which common sense always regarded as saving’s due.

Page 239: bottom par.: dependencies (?)

The trade-union itself becomes one of those “organizations” which are an expression of growing concentration; it creates, in its turn, new vertical dependences and new hierarchies with an above and a below, with bosses and subordinates.

Friday, November 29, 2013

Do We Want Free Enterprise? by Vernon Orval Watts

Status: One Round of QC (11.29.2013)


Fix Notes:

Page 48: Footnote: Missing opening quote

Page 71: in Table: "autombiles" -> automobiles


Page 71: Table was "verticalized"

Changed Footnotes from * to numbered.

I probably need to rethink the typography of the book.... all of these negative indents/lists do not work in EPUB. I think it looks pretty hideous.

Wednesday, November 27, 2013

Economics and the Environment: A Reconciliation by Walter Block

Status: One Round of QC (11.27.2013)


Fix Notes:

copyright page: "ISNB" instead of "ISBN"

page xix: Under "Murray N. Rothbard": Should be a semi-colon

His 16 books include The Panic of 1819; Man Economy, and State; America’s Great Depression, The Ethics of Liberty; Power and Market; and Conceived in Liberty.

Page 4: bottom blockquote: Missing '('

The malfunctioning of the market system is, we think, both a reflection and a cause of some of our problems, however, and we urge a more realistic appreciation of how our economy really functions. Cordell 1976, p. 36).

Page 5: par. 5: under-priced (to match other usages in the book)

As a result, non-renewable resources are underpriced and are being extracted at excessive rates.

Page 18: par. 3: well-being (to match other usages in the book)

Presently, the one that will better maximize consumer wellbeing.

Page 22: bottom par.: one-dimensional

The shortcoming of this attachment to one- dimensional scarcity is that it overemphasizes the necessity of specific inputs in meeting society’s needs.

Page 41: par. 1: There is an accidental space before the closing period.

Leonard Waverman found that while energy accounted for only 6.2 percent of total expenditure for the average Canadian family in 1969, it accounted for over 8.9 percent of expenditures for the very poorest families with an income under $3,000, (Waverman, p. 85) . Clearly, the impact of higher energy prices on the poor is greater than for others.

Page 44: bottom par.: There is actually a space right before "Good will is at best [...]"

Page 51: first in list: dumb quotes -> smart quotes + a space needed

a disposal tax on some forms of packaging and on some"throwaway" products

Page 54: par. 3: "figure l" (lowercase 'l') should be a number '1'

For this reason, MC slopes upward; further bushels are obtainable only at increasing cost in terms of what is being sacrificed elsewhere. In figure l, the upward-sloping MC intersects the downward-sloping MB at a dollar price per bushel of PO at quantity WO.

Page 54: bottom par.: should be a number 1, instead of the lowercase letter 'l'

Similarly, if we begin at Wl, marginal costs exceed marginal benefits for units beyond WO

Page 54-55: The subscripts are capital letter 'O', and should be a number '0'

Page 60: par. 0: Footnote "7" should actually be a 4.

Page 65: Note on very bottom of page: reduction

The uniform redution means that for firm 1 the last unit of pollution reduction has a cost equal to a1, whereas for firm 2 the corresponding cost is a2.

Page 75: Table 5: "1975 Carlifornia standards" should be "California"

Page 76: Table 5: "1975 Califronia standards" should be "California"

Page 84: par. 0: Space after the parenthesis (could have been a typographical move?)

is dependent on a bountiful supply of old maids ( Hardin, p. 39).

Page 88: par. 1: Missing closing period at the end

The political marketplace does not respond to individual preferences as quickly as traditional markets, but at some point the response will be felt and politicians who continue to support transfers from consumers and tax-payers to conservationists will be defeated

Page 91: Under "Hardin, Garrett": “The Tradegy of the Commons” should be "Tragedy"

Page 95: first blockquote: There is a space before the comma after PBS:

PBS , “National Geographic Special: Playground or Paradise” (1983)

Page 114: References: The year should be italics, it is in the title of the book.

Hayes S. P., Conservation and the Gospel of Efficiency: The Progressive Conservation Movement, 1890-1920 (Cambridge: Harvard University Press, 1959).

Page 135: Footnote 10: There is a "1" at the very end. I removed it.

Page 135: Footnote 20: Is accidentally numbered "10"

Page 139: First blockquote: particularly

A recent shift of interest in that direction and a growing recognition of the importance of the analysis of politics, presage a new momentum in the development of economics, particulary in industrial organization, public choice and economic history (Cheung 1978, pp. 67-68).

Page 147: par. 5: the

In light of th near extinction of several furbearing species, state control of wildlife seemed like the only alternative.

Page 149: Second blockquote: Quotation mark should be removed.

The bottom line is better hunting, more shooting, and a happier end to each excursion. What more can the outdoor sportsman ask for?" (Fishing and Hunting News, April 1982, p. 8).

Page 161: par. 2: CO2 (Letter 'O', not the number '0')

This means cutting back on C02, which is considered the chief greenhouse gas, but also methane, nitrous oxides, and CFCs (chlorofluorocarbons), all of which also are believed to trap heat radiating from the earth.

Page 161: par. 2: the comma should not be included in the subscript

Methane is considered particularly dangerous because, even though it is a “trace gas” (existing in very small quantities) it traps twenty times as much heat as CO2, molecule for molecule.

Page 162: par. 4 (right below "Global Warming"): CO2 (Letter 'O', not the number '0')

The claim that the climate is getting warmer goes back to the 1890s when Svante Arrhenius, a Swedish chemist, contended that the unprecedented amount of C02 entering the atmosphere would eventually lead to global warming. Since then, scientists have generally agreed that the amount of C02 in the atmosphere is increasing.

Page 164: par. 2: CO2 (Letter 'O', not the number '0')

Only about half of the 5.5 billion tons of carbon produced per year by the consumption of fossil fuels turns up in the atmosphere as CO2, explains Solow, and climatologists assume that the rest is stored in the ocean.

Page 164: par. 4: CO2 (Letter 'O', not the number '0')

If there are far more plankton due to the increased CO<MV>2<D>, there will be more droplets, which reflect more sunlight than normal clouds do and therefore would help cool the earth.

Page 165: par. 2: CO2 (Letter 'O', not the number '0')

No strong evidence of warming caused by C02 or other greenhouse gases has been found so far. Even the evidence of global warming itself is less than conclusive.

Page 169: par. 4: CFCs

A number of chemical companies are making large investments in “soft” CFCS, which break down before they reach the stratosphere. But these are not as effective as their “hard” counterparts.

Page 170: par. 2: dumb quotes -> smart quotes

Indeed, a New York Times headline which hammered home the urgency of the matter—"Hickory Disappearing, Supply of Wood Nears End: Much Wasted and There’s No Substitute"—was typical.

Page 176: Footnote 5: Missing a space in between "p.39"

Page 176: Footnote 11: Missing a space in between "p.37"

Page 176: Footnote 24: Missing a space in between "p.433"

Page 176: Footnote 26: Missing a space in between "p.11"

Page 176: Footnote 27: Missing a space in between "p.5"

Page 177: Footnote 28: Extra space between opening quote and "Aircleaners in the Ocean"

Page 178: Footnote 55: Missing a space in between "p.46"

Page 178: Footnote 60: dumb quotes -> smart quotes + needs a space

S. Schneider,"The Greenhouse Effect: Science and Policy,"

Page 196: par. 1: AIDS

But as AIDs sufferers and the families of those who have died waiting for federal approval of new drugs can attest, “zero risk” is actually a very dangerous strategy.

Page 205: par. 3: dumb quotes -> smart quotes

In addition to their implications for stewardship and conservation, three-dimensional ("3-D") property rights also play an important role in stimulating creative and anticipatory investments.

Page 213: Footnote 32: "Martin t. Katzman" should be changed to an uppercase "T"

Page 217: par. 3: Footnote 2 is missing a space after it.

Page 238: par. 2: dumb quotes -> smart quotes

Thus, within the standard law of trespass—an invasion of person or property—"battery" is the actual invasion of someone else’s body, while “assault” is the creation by one person in another of a fear, or apprehension, of battery.17

Page 247: Missing a space in between "p.707"

One is the curious argument that “just as the employer gets and benefits from the gains for his worker’s activities, so too should he be required to bear the losses from these activities” (Epstein 1977, p.707).

Page 247: end of blockquote: Needs a space

the endlessly repeated formula of “respondeat superior,” which in itself means nothing more than “look to the man higher up”(Prosser 1971, p. 459).

Page 247: par. after end of blockquote: Needs a space

“In hard fact, the reason for the employers’ liability is the damages are taken from a deep pocket.”(Prosser 1971, p. 459).

Page 263: par. 3: Footnote "84D" -> "84"

Page 266: Footnote 5: Missing/Wrong quotation marks.

See the article launching this analysis by Ronald H. Coase, “The Problem of Social Cost, p. 10. For a critique, see Walter Block, ”Coase and Demsetz on Private Property Rights," pp. 111–115.

Page 266: Footnote 6: Missing closing quotation mark after “Injunction Negotiations: An Economic, Moral and Legal Analysis

Page 268: Footnote 17: Needs a space

“Apprehension”of an imminent battery is a more appropriate term then “fear,” since it stresses the awareness of a coming battery and of the action causing that awareness by the aggressor,

Page 272: Footnote 45: the 2 is not squared (it is in other areas in the book): “Torts: Trespass, Nuisance and E = mc2,”

Page 272: Footnote 46: Missing a space in between "pp.496-503"

Page 273: Footnote 56: double commas should just be one

Holman v. Athens Empire Laundry Co., 149 Ga. 345, 350,,100 S.E. 207, 210 (1919).

Page 273: Footnote 64: Needs a space

On the “tragedy of the commons” and private ownership, see, for example, Garrett Hardin, “The Tragedy of the Commons,”pp. 1243-1248; Robert J. Smith, “Resolving the Tragedy of the Commons by Creating Private Property Rights in Wildlife,” pp. 439-468.

Page 276: References: Needs a space

Egger, John B., “Comment: Efficiency Is Not a Substitute for Ethics,”in Time, Uncertainty, and Disequilibrium: Exploration of Austrian Themes, M. Rizzo, ed. (Lexington, Mass.: Lexington Books, 1979).

Page 277: Under "Epstein, Richard A.", there is a space that occurs right before:

_____,“A Theory of Strict Liability,” Journal of Legal Studies 2 (January 1973).

Page 325: Footnote 49: industry + consistently

[...] efficiency—these are the hallmarks of free enterprise in every other industy, and the present one is no exception.

But not all authors and organizations ostensibly devoted to applying free market principles to the environment carry through rigorously and consistantly with the logic of their own analysis.

Page 330: Footnote 85 is missing a period at the end.


There were inconsistent spacing issues between First Initial + Middle Initial. There were ~200 combined, and ~50 uncombined. I decided to combine nearly all of them.

Page 33: bottom par.: "E. R. Berndt" -> "E.R. Berndt"

A recent study by E. R. Berndt and David O. Wood finds that technological change in post-war U.S. manufacturing has been labour-saving and energy-using.

Page 52: par. 5: "A. C. Pigou" -> "A.C. Pigou" (matching style)

Full cost pricing as recommended by the Gamma group is very much in the spirit of proposals to deal with externalities suggested by economist A. C. Pigou in 1918.

Page 64: par. 6: "U. S. S. R." -> "U.S.S.R."

Well-known U.S. economist Marshall Goldman argues that the U. S. S. R. “is a chronicle of environmental disruption that is as serious as almost any that exists in the world (Goldman 1970, pp. 37-42).”

page 113-115: References:

Page 173: par. 3: "U. S." -> "U.S."

We have already seen how U. S. environmental policies have, quite understandably, been more responsive to powerful political interests than to the environmental problem at hand.

There were 4 "", 1 "et. al.", and 12 "et al.". I changed them all to "et al."

There were 11 "et al." italicized, I removed the italics to make them consistent.

I changed the underscores in the References sections to three "em dashes".

In the references section, whenever journals were referenced... there were 35 of these:

Journal of Law and Economics 18
Journal of Farm Economics 47

And there were ~9 of these (notice the comma between Journal Name + Journal Number):

Columbia Law Review, 60

I removed the comma to match current typography standards (this is the way we handle the journals + journal numbers at the Mises Institute). Plus it makes it consistent.


I moved all the footnotes to the end of each chapter (after References).

Page 300: I moved the table to before "Parkland" on page 299, and I "verticalized" the table.

Away from Freedom by Vernon Orval Watts

Status: One Round of QC (11.27.2013)


ISBN: 978-1-61016-110-7
eISBN: 978-1-61016-485-6

Fix Notes:

Page 14: par. 4: possibility

The student will find in Keynesian textbooks little objection to any government “investment” except the possibilty that it may temporarily reduce employment by discouraging timid investors in competing private industries.

Page 15: par. 2: extra quotation by accident

In other words, the Keynesian proposal for “compensatory”’ deficit spending by government implies abandonment of the gold standard in favor of a “managed currency,” that is, inconvertible paper money, or fiat currency.

Page 19: par. 1: Samuelson

He might also ask why Sam-ueleson believes a 10-billion dollar deficit in future will not lead to printing money or selling interest-free bonds to the Federal Reserve Banks, whereas much smaller deficits in the past led to large issues of paper money in this country and necessitated large purchases of government securities at nominal interest rates.

Page 26: par. 1: administer

The function of government is to adminster justice, that is, to preserve freedom, not to dictate activities.

Page 64: par. 3: counterfeiter

Instead, it enables those to whom the government gives the new currency to get goods without giving goods in exchange—as a countefeiter does.

Page 69: par. 3: double comma

We came into the period of the second World War with a heavy obsolescence, a large body of unused technological ideas, and a great deal of idle capital,, and, as shown by the foregoing table, with 9,080,000 men unemployed, on the average, in the year 1939.

Page 78: bottom par.: political

There are only various estimates arrived at by bureaucrats subject to polti-cal pressure and bureaucratic red tape.

Page 94: par. 0: messed up right quotation

[...] or relationships used in national-income analysis is fixed or stable, not even the “propensity to save’‘’ or the rate of turnover of funds.

Page 105: Footnote 31: Accidentally is number "13"

Page 105: Footnote 48: Economic

(Irvington-on-Hudson, New York: The Foundation for Ecoonmic Education, 1947),

Page 105: Footnote 50 says "05".


Page 33: par. 1: moreover (?)

In general, moveover, Keynesian proposals for “compensatory” policies follow Marxian Socialism in seeking to force individuals to obey the rule, [...]


I added periods to the numbering on page 28-29, 53-54.

Page 37-39: Footnote 41 is missing in the text.

Sunday, November 24, 2013

A Foreign Policy for Americans by Robert A. Taft

Status: One Round of QC (11.24.2013)


Fix Notes:


Capitalism the Creator by Carl Snyder

Status: One Round of QC (11.24.2013)


Fix Notes:

Page 25: par. 1: maximum

Then a progressive slowing down of this increase, so that it is now estimated the United States may reach its maixmum population within the next 40 or 50 years.

Page 88: Missing a footnote 5 in the actual text.

Page 161: par. 2: competitor

The constant aim of every manufacturer is to produce at a lower cost than his competitior in order to sell a larger quantity of goods.

Page 165: par. 2: wealth

“It is not the actual greatness of national weath, but its continual increase, which occasions a rise in the wages of labour.

Page 466: Index: "Cassell, Gustav" should be "Cassel" (one 'l')

Page 466: Index: "Chanhu-Dara" should be "Chanhu-Daru" to match the other usages in the book.


I moved the footnotes to the end of each chapter.

I removed the "List of Charts" (doesn't make much sense in an ebook).

Thinking about what to do with the missing footnotes.


Page 19-22 (Chapter 1): Footnote 5.

Page 425 (Chapter 1): Footnote 5.

Page 88 (Chapter 5): Footnote 5.

Page 432 (Chapter 5): Footnote 5.

Page 170 (Chapter 10): Footnote 5. (There is a mismatch here.)

Page 441 (Chapter 10): Footnote 4. (There is a mismatch here.)

Page 260-264 (Chapter 15): Footnote 4.

Page 450 (Chapter 15): Footnote 4.

Page 269-270 (Chapter 16): Footnote 3.

Page 451 (Chapter 16): Footnote 3.

Page 275-276 (Chapter 16): Footnote 13.

Page 453 (Chapter 16): Footnote 13.

Page 317-320 (Chapter 19): Footnote 10.

Page 456 (Chapter 19): Footnote 10.

Friday, November 22, 2013

The Limits of Economics by Oskar Morgenstern

Status: One Round of QC (11.22.2013)


Fix Notes:

Page 153: par. 1: "J. M. Keynes"

It may be observed however that the works of Carl Menger, N. W. Senior, J. E. Cairnes, J. N. Keynes, Max Weber, Ludwig Pohle and so on are still pre-eminent in this sphere, [...]

The Moral Case for the Free Market Economy by Tibor R. Machan

Status: One Round of QC (11.22.2013)


Fix Notes:

Page 2: par. 0: Science changed in "The Limits of Economic Sience"

Page 2: par. 3: course

[...] free will, that human beings have the capacity to choose between alternative courss of action, the idea that they could have chosen to do something different from what they did do.

Page 15: par. 1: subsequent

In Plato’s philosophy and in the philosophies of many subsequen thinkers such a universal idea or definition has a reality that is even more significant than the reality of you and me.

Page 15: bottom par.: significance

What drops out of course, if you take this line seriously—and almost all philosophers are taking it very seriously—is the signficance of your individuality.

Page 24: par. 0: (deleted this mistake)

[...] wholly attached tached to the collective goal of the group.

Page 24: par. 1: Destinies

Personal Destinites: A Philosophy of Ethical Individualism

Page 27: par. 2: statements

I wish now to argue that statments of the type that “Johnny ought to do X” or “Suzie ought not to do Y” are sometimes true.

Page 28: heading: Individual changed in "Invididual Moral Responsibility"

Page 38: par. 0: political

It takes aesthetic, biological, psychological, plitical dimensions to regard these inanimate parts of nature as of value or of dis-value.

Page 39: par. 0: respectively

Clearly, most of us can find evidence of this in our own behavior, when we are prudent or reckless, respecitvely.

Page 64: par. 0: withhold

If, in other words, metaphysics allows a diverse approach for the purpose of scientific investigation, then we can ask, would it not be appropriate to withold imposing a certain methodology, say, in biology, or sociology, or economics, until we [...]

Page 92: bottom par (very end of page): positive

[...] namely, a completely fulfilled life, one with no obstacles, with all problems solved, wholly free (in this postive sense)!

Page 101: bottom par.: one another

What the right to life and to private property—thus the corresponding free market system— make possible is for people to lead very different lives in peace with oneanother.

Page 105: par. 1: permission

The performance of bad deeds will not intrude upon others— that is, no dumping is permitted in such a system, unless permissiong is gained from those who will be burdened by it.

Page 119: par. 0: Earthbound changed in "Erthbound: New Introductory Essays in Environmental Ethics"

Index: Many of the "C" words have commas at the very end after the page numbers.


The typesetting in this PDF is pathetic.

Thursday, November 21, 2013

How to Keep Our Liberty by Raymond Moley

Status: One Round of QC (11.21.2013)


Fix Notes:

Page 48: Missing Footnote 7 located in the actual text. I placed it right after "This is on the assumption that the company earned not over 12 per cent on its capital."

Page 83: par. 1: demonstrated

The wide possibilities of independent state action, always latent in the Constitution, were perhaps most fully demon-trated by Huey Long in Louisiana.

Page 124: Footnote 9: certified

The latter was largely the work of Price, Waterhouse and Company, certi-tified public accountants.

Page 147: par. 3: diminishing

The British socialists were unable to raise tax rates much higher after they came into power after the war because the burden of taxation, at a rate of approximately 40 per cent of the national income, was at the point of diminshing returns.

Page 147: par. 3: stifling

This has had the effect of strifling private investment and plant renewal, paving the way to nationalization.

Page 181: It says "Part III", but the other three sections use the word, "One", "Two", "Four". I fixed it to "Three".


The book never goes to footnote "10", it goes 1-9, and then back to 1. I renumbered all of them per chapter.

Thursday, November 14, 2013

After Seven Years by Raymond Moley

Status: One Round of QC (11.14.2013)


Fix Notes:

Page 9: par. 5: Wrong quotation mark

They rose up, willy-nilly, out of a sea of feelings, senses, ”hunches,” to confront, grapple with, and finally take possession of me.

Page 207: par. 0: wonderful

Peace—it was wonderfull Prosperity—it was going to be negotiated at London in June.

Page 223: par. 1: Ambassador

(There were, for instance, long discussions with the Italian Ambasador about the Italian offer to pay $1,000,000 on account.

Page 377: Footnote 14: International

Professor Charles G. Fenwick, Proceedings of the American Society of Interna-national Law, 1933 and 1936.


Page 38: end of the quote: Missing a name after "Yours very truly,"?

Page 177: par. 1: properties (?)

The idea of sticking an immense regulatory machine into it horrified my sense of the administrative and legal proprieties.

Page 221: Footnote 18: status quo (?)

Since that time, apparently, our government has sent requests for payment at regular intervals and the matter has been permitted to remain in statu quo.

Monday, November 11, 2013

The Challenge of Liberty by Robert V. Jones

Status: One Round of QC (11.11.2013)


Fix Notes:

Page 206: par. 1: phenomena

Inasmuch as thought and its communication are inseparably related phonemena, the discussion already had of the liberty of religious, cultural, and political thought has necessarily been concerned in large part with the liberty of communication of religious, cultural, and political ideas.

Page 269: par. 2: therefore

The supply of entrepreneurship consists in the existence of people who are willing to undertake action as entrepreneurs as and when they believe they can receive compensation therefor.

Page 300: par. 1: therefore

For the purpose of being in a position to make such contribution, they should be permitted to acquire by inheritance or gift property sufficient therefor.

Friday, November 8, 2013

The Trade of Nations by Michael A. Heilperin

Status: One Round of QC (11.10.2013)


Fix Notes:

Page 17: par. 1: relations

It was then discovered, primarily by the ingenious Dr. Schacht, that there were advantages to be derived by an economically strong country when using bilateral trading methods in rela-lations with weaker countries.

Page 110: par. 2: launched

[...] of the “new” economic nationalism, has on other occasions lauched strong attacks, not against the principle of multilateral trade, [...]

Page 194: par. 1: population

From the viewpoint of world trade, the I. L. O. may render great services in checking on the extent to which industrial progress (in terms of increasing productivity) is translated in various countries into rising living standards of the populaton; in that way it may help to forestall the undesirable competition of cheap labor working with efficient means of production.

Page 198: par. 2: according

This seems to rule out the “beggar-my-neighbor” policies which have done so much harm in the ’thirties. Furthermore, acccording to this statement:

Page 208: last sentence: Reconstruction

The new international financial institution would supplement the Bank for Re-constructon and Development.

Page 260: par. 1: equilibrium

This, however, is a mistaken notion that ignores the large body of past experience concerning the restoration and maintenance of equilibrum in international payments.

Page 281: bottom par.: arrangements

Reference has already been made to the value of the European Payments Union in making arrangemetns for the clearance, [...]

Page 288: par. 0: governmental

[...] allowed to proceed without major govermental interference its worldwide multilateral pattern develops as a matter of course.

Page 299: Number 2: Europe

It excludes the theoretical possibility of Western Eurpoe exclusive of Great Britain organizing itself on an autarchic basis and using bilateralist techniques in dealing with the rest of the world.


Page 237 and 274: There is a Section "1.". Every other chapter in the book does not have this initial subsection, and the first subsection is always numbered 2. I have removed this in the EPUB to make them all consistent.

Page 254 and Page 256 both have a Footnote 31. All Footnotes in Chapter 15 beyond this point have been bumped by one.

Wednesday, November 6, 2013

Roosevelt's Road to Russia by George Crocker

Status: One Round of QC (11.06.2013)


Fix Notes:

Page 6: bottom par.: patrolling

There is no mystery about why, year after year, the East China Sea and the Sea of Japan must bristle with American warships and planes patroling in battle readiness.

Page 97: par. 1: semi-secrecy (to match the rest of the usage of "semi-" in the book).

As though a President could not have a rest on his own yacht in New England coastal waters without enshrouding his voyage in semisecrecy, Mr. Knox added:

Page 132: par. 1: effect

It was “valid in its binding effiect,” and it was “notice to the world by the President of the United States and the Prime Minister of the United Kingdom, [...]

Page 141: Footnote: extraordinarily

“It had always been Steve Early’s practice to build up the radio audience for the President’s speeches with plenty of advance publicity and he did this extraordinarly well.”

Page 192: par. 2: titanic

It was a libel against the titantic military and industrial might of the United States and Great Britain and the nations of the British Commonwealth, [...]

Page 234: par. 1: Russian

Through the red network of treachery, he had received his orders from Jacob Golos, a high Rusian official in America who directed a number of Communist cells in the American government and was one of the ghostly manipulators of two espionage rings which encircled the White House.

Page 283: Notes, bottom par.: original

This version is faithful neither to the orginal text nor to the speech as actually delivered. Roosevelt very likely shied away from calling the Polish settlement an agreement by the United States, [...]

Page 303: Index: Both "Benes" were missing the s with a caron: "Beneš".

Page 307: Index: "Inönü, President Ismet" was missing the 'I' with a dot above. See:


I moved the images in Chapter 8 (in between Page 108 and 109 (128-135 of PDF)) to a seperate HTML file between Chapter 8 and 9.


Par 114: par. 1: Twentieth Century (? a magazine?)

The haste with which “a new charter for Humanity” was brought forth comes to mind when one reads what was said of it by the English magazine Twientieth Century in its next issue: [...]

Monday, November 4, 2013

Duncombe's Free Banking by Charles Duncombe

Status: One Round of QC (11.04.2013)


Fix Notes:

Page 3: par. 0: administrations

[...] per portion of the currency as they are at present organized to regulate their township adminstrations.

Page 40: par. 2: apprehended

[...] and, consequently, free from the evils and dangers aprehended from the accumulation and concentration of the whole money power of the United States in one company, [...]

Page 43: very end of page: currency

[...] and satisfaction of the community in the loans of the bank, and by equalizing the currrency throughout the Union.

Page 58: par. 0, last sentence: Declaration

[...] preserving the immutable principles contained in the Declarition of Independence, and the present Constitution of the United States inviolate.

Page 67: par. 2: lose

[...] and these great sacrifices been made by the pressure of the times; and that individuals only suffer who are direct loosers.

Page 67: par. 2: fountain

Productive industry is the only true source and fountian of wealth in any and every country.

Page 70: par. 2: institutions

But make currency republican; allow the people to elect the directors of all the financial instituitons of the country, and let the demand regulate the supply; [...]

Page 70: par. 2: current

[...] make the circulating medium equally currrent in every part of the Union, and you save for the industrious laborer a competence [...]

Page 77: bottom par.: privileges

Incorporated companies, being invested with certain exclusives priviliges, and, consequently, having distinct and separate interests from the community at large, are looked [...]

Page 98: bottom par.: commercial

Among the various commmercial and financial operations known and dignified by the title of banking, three kinds only require a particular notice; [...]

Page 101: par. 1: consecutive

And all feel the sad effects of over-issues, and consec-cutive contractions, uniformly attendant upon a currency dependant upon credit, and regulated by private interest.

Page 111: par. 1, last sentence: succeeds

The temptation to over-issues, therefore, succeeeds.

Page 117: par. 0: issue

[...] actual amount of specie in their vaults at the time of the discount; and isssue only large bills; and you will have a key to the great secret for establishing a sound currency suitable for a free and enlightened people.

Page 124: bottom par.: objections

To the first of these ojections, we ask to be referred to the particular clause of the constitution containing the prohibitory article; for as we understand that instrument, it is clearly favorable to the exercise of the requisite power by congress to regulate the currency.

Page 126: par. 3: Independence

The mind is forcibly struck, on reading the Declaration of Independance, with the [...]

Page 131: bottom par.: Independence

And in this view of the case, we again call the attention of the patient reader to the words of the Declaration of Indepence respecting the abuses of government; and leave the reflecting mind to compare the political defection of a government, [...]

Page 138: par. 1, near bottom of page: industry

A substitute for money may, for the sake of convenience, or for the promotion of enterprise and industy, be made to circulate as money.

Page 139: par. 3,: organized

[...] but enabling them to supply and furnish themselves with the currency they prefer, as they are now oganized to supply themselves with education, or provide for religious worship.

Page 140: par. 0: uniformly

Cities, and incorporated towns and villages, are, by their incorporations, uniformily empowered to provide for the education of the youth of the place; and the people regulate their system of education in these situations as they please.

Page 143: bottom par.: dependence

State chartered bank paper, from its dependance upon credit, its connection with private interest and reliance upon politics, must, by the laws of its situation, be continually changing.

Page 150: par. 1: currency

[...]“That congress shall have power to coin money, and regulate the value thereof, and of foreign coin,”—evidently not anticipating any monopoly in the currrency—[...]

Page 153: par. 3: liabilities

[...] particularizing not only the debts and resources of the banks; but the immediate liabilities of the banks should be distinguished from their deferred liabities; [...]

Page 153: par. 3: together

[...] should be able to judge of the amount of paper money at any one time in circulation; or the amount necessary, to-together with the specie that the absence of small bills will always keep in circulation, to promote and obtain the greatest possible permanent prosperity of the country.

Page 187: par. 1: political

[...] these must assuredly follow in the train, or the people must rise in their might and disenthral themselves from the financial and po-itical trammels of chartered bank paper, with its paper aristocracy.

Page 191: par. 0: losers

If it goes into the wrong pockets, into the hands of those who have no right to it, the public are the loosers.

Page 192: par. 2, last sentence: losers

The public are uniformly the loosers.

Page 196: par. 0: abilities

The bad management of the currency by chartered companies, lessens the actual amount of circulating medium below the necessities of the public, and below the ablities of the specie in the country; [...]

Page 210: par. 1: unnecessary

[...] and the people will see, that whatever number of brokers and unnecesa-ry bankers are supported out of the profits of the currency, [...]

Page 229: par. 2: suppose

But since they have become dealers in bills of exchange themselves, the practice of guaranteeing bills, I believe, has been generally discontinued, as I supppose they find it more profitable to regulate the rate of exchange to meet their interest in the bill market, than guaranteeing bills for others.

Page 231: par. 0: immense

And, as a light placed on high is seen at a greater distance than small lights that are placed low, so this institution, by its high credit and immmense influence, better illustrates the principles and [...]

Page 232: par. 1: losers

These operations may enable a few individuals to amass splendid fortunes at the public expense; but the public and the uninitiated stockholders being the loosers, cannot fail to reprobate their conduct.

Page 240: par. 2: interfered

[...] for prudent men will not import more than they can sell, nor more than they can pay for; and where exchange is not in-interfered with, by artificial means, this of itself will regulate the amount of our importations, and the amount of our domestic sales.

Page 242: par. 2: excesses

that balances of trade, may always be correctly indicated by the rate of exchange, and the excessess checked, by the free circulation of the precious metals from one country to another.

Page 248: par. 2: squandered

[...] but to those who do not know its value, it is always deficient, it is sqander-ed, and is, briefly, nothing better than want, by which it must and will assuredly be followed.

Page 250: near bottom of page, "Thirdly:": bills

Thirdly: Circulate no billls smaller than the smallest that circulate in foreign countries with which our commerce is principally carried on, that the balances of trade may be indicated by the exchanges, and duly checked by the exportation of coin when excessive.

Page 255: par. 1: occurred

The political revolutions, as they have been termed, that have occured in England within the last twenty years, the catholic emancipation law, [...]

Page 260: bottom par.: indebtedness

[...] civil and religious liberty to all, are met upon the threshold with the charge of American suspensions of specie payments by their banks, and the extravagance and idebtedness of our states to foreign countries; thus stopping their mouths with arguments, drawn from republican America.

Page 264: par. 1: portentous

The congress of the United States should take up the subject of the monetary affairs of the country, and lend its powerful aid to guard the public against the portentious dangers that threaten every part of the Union, and protect them against the repeated impositions of incorporated companies; [...]

Page 273: par. 2: government

The notes of the bank of England are money, receivable by the goverment in the payment of all rates, taxes and dues accruing to the government; [...]

Page 286: par. 3: perversion

The pervertion of the business of banking to that of brokerage, would be such an infringement of their regulations as to subject them to an investigation before the state directors, and leave themselves and their bail accountable for their malversation.

Page 295: par. 0, end of paragraph: should end with a period instead of comma

Comptroller any portion of the public debt of the state of New York, or of any other state, or of the United States, equal to five per cent. stocks of the state of New York,

Page 298: par. 2: facilitate

This would faciliate the extension of the circulation, and equalize it throughout the Union, and thereby give the paper portion of the money-currency a more perfectly metalic character.

Page 303: par. 1: English

American coins pass as bullion in England, while En-lish coins pass in the United States at or above their par value in England.

Page 311: bottom par.: losers

True, the bill-holder would not be the only loosers; yet, the whole business of the country would be checked, and the contraction of the cur-[...]

Page 324: par. 1: been

The currency of the country, as has ben remarked, consists of the precious metals, coined into various shapes and forms, and stamped in mills with the heads of the rulers of the nations, or with their national honors, or some emblem or device adapted to their country.

Page 335: par. 1: interfere

[...] and that I have never recommended the legislature of any state, nor the congress of the United States, to interefere with the credit-currency of the country.

Page 337: par. 1: equality

A national debt has ever been held in abhorrence by every lover of liberty and eqality[...]

Page 348: par. 2: business

[...] while the foreign gambling speculator would be precluded from bank credit, or only share equally with the fair businesss men of the place.


There is no chapter XIII (13). It just straight from 12 to 14.


"news-papers" is used 3 times, while "newspaper" = 2 and "newspapers" = 5. Should all "news-papers" be switched to the unhyphenated version?

On Page 11 of the PDF (beginning of "A Letter"). The heading says:


In the TOC, I have simplified it to: "A Letter to the Hon. Secretary of State", but I have kept the same text.

Page 254: par. 1: dignified (?)

Capitalists would have greater confidence in the permanence and stability of funds based upon specie, connected with a government the choice of a whole people, than can be felt in a government, however strong in its fortresses, army and navy, in King, Lords and Commons, Church and State Union, in bank and government connection, when the wealth of the nation only constituted the bond of union, and when the titled pensioner and the dignitied churchman, who live upon the hard earnings of the masses, are but a tythe of the population, where fixed bayonets enforce the laws, and where moral obligations are of no force.

Saturday, November 2, 2013

The New Deal in Old Rome by H. J. Haskell

Status: One Round of QC (11.01.2013)


After I completed this EPUB, I noticed that there was already an EPUB version for sale on (must have slipped by me). So I did a code comparison and was able to wittle down even more errors.

Fix Notes:

Page 152: par. 0: jurisdiction

He was in charge of finances, public works, and civil and criminal jursdiction.

Page 163: par. 1: presidential

In modern presidental style he enjoyed fishing.


Could use better scans of the maps in the very beginning of the book.

Wednesday, October 30, 2013

Secession, State and Liberty by David Gordon

Status: One Round of QC (10.30.2013)


Fix Notes:

Table of Contents: "About the Authors" does not match the title given on page 331: "About the Contributors". One of these should be flipped to match.

Page 94: par. 1: suppress

The week before the Declaration of Independence, Colonel Moultrie and the South Carolina forces, from their palmetto log fort on Sullivan's Island, repulsed and defeated a British fleet that threatened to supress their sovereign self-government.

Page 114: par. 3: abolitionist

Radical abolitioist William Lloyd Garrison advocated northern secession, crying "No Union with slaveholders."

Page 162: par. 3: expressly

This sentence is divided into two clauses, the first speaking of states retaining their sovereignty, freedom, and independence, and the second reserving to the states those powers and rights not expressely delegated to the United States.

Page 236: par. 2: occurred

Further, the study noted that "only minimal trade occured between Atlantic and western Canada," that [...]

Page 246: Footnote 5: near the very end is an extra comma.

Page 268: Footnote 97 carryover: benefitted

Trial lawyers would benefit if the incentives to use arbitration were reduced so that commercial disputes were shifted back to the public courts, just as English kings and judges had benefitted centuries earlier.

Page 286: par. 1: very end has a space before the final period

Page 331: About the Contributors: Québécois (to match the use in the rest of the book)

Eric Duhaime received his MPA from the National School of Public Administration and is employed by the Leader of the Bloc Québecois in Ottawa.


Page 61: Footnote 54: "In ibid." (?) Shouldn't this just be "Ibid."?

Page 114: Footnote 61: There is a reference to a book called "A Proslavery Argument" by Ronald T. Takaki. I looked it up, and I was only able to find: "A Pro-Slavery Crusade: The Agitation to Reopen the African Slave Trade":

"Quebecois" is used throughout the book, and so is "Québécois". There is also "Bloc Quebecois" + "Parti Québécois".

Should I add in hyphenation? non-, anti-, pre-, pro-, post-, under-, over-, -like, super-, supra-, inter-, -wide, multi-

Tuesday, October 29, 2013

Method, Process, and Austrian Economics: Essays in Honor of Ludwig von Mises by Israel M. Kirzner

Status: One Round of QC (10.29.2013)


Fix Notes:

Page 9: par. 3: Should be a left double quotation

In either case, such an economy would be comparable in kind to those whose participants are the ‘’animal consumers” examined by John Kagel and Raymond Battalio, and their coworker's.3

Page 15: par. 0: example

He acts to make the shoes from cowhide. (My thanks to Israel Kirzner for this exmple.)

Page 16-17: last sentence. to next page: dormancy

Faith in the efficacy of such predictive science for assistance in controlling the economy perhaps reached its apogee in the 1960s, after which skepticism emerged from its dormacy.

Page 19: Footnote 7: Cambridge

(Cambrigde: Cambridge University Press, 1980)

Page 35: par. 3: Missing hyphen

Both men shared an interest in neoKantian philosophy and an aversion to the cruder brands of positivism and behaviorism.

Page 36: par. 1: Missing hyphen

In his quest for a reputable philosophical position that would supply him with enough intellectual armor to withstand the onslaughts of positivism and to espouse the cause of rationalism in human affairs, he was driven to seek refuge in neoKantianism, the dominant school of thought in the German universities in the first quarter of this century.

Page 41: bottom par.: sequel

Lachmann’s chapter is clearly a sequal to and a substantial elaboration of his stimulating essay “From Mises to Shackle,”

Page 45: par. 0: Footnote 19 should be Footnote 17

Page 46: par. 2: Should be a left double quotation

“The social sciences do in fact nothing of the sort. If conscious action can be ‘’explained,” this is a task for psychology but not for economics.”

Page 46: par. 4: Should be a left double quotation

[...] because its propositions ‘’are valid for every human action without regard to its underlying motives, causes, and goals.

Page 65: Right after footnote 62: inference

Therefore, the inferrence of past events from a theoretical model satisfies the criterion.

Page 87: par. 1: entrepreneurship

Do we really need the concept of the evenly rotating economy “to grasp the function of enterpreneurship and the meaning of profit and loss” (p. 248), [...]

Page 91: par. 2: transactions

“This in turn requires that information processes and costs, transactions and tranactions costs and also expectations and uncertainty be explicitly and essentially included in the equilibrium notion.

Page 93: bottom par.: further

We may safely take it, from Hayek’s other writings if not from this paper, that the study of equilibrium is advocated to obtain additional insights and not to preclude the futher formal study of the mar-[...]

Page 100: Missing closing quotation mark

Milgate, M. 1979. On the origin of the notion of “intertemporal equilibrium. Economica 46:1-10.

Page 110: Missing closing quotation mark

Rothschild, Michael. 1973. “Models of market organization with imperfect information: a survey. Journal of Political Economy 81:1283-1308.

Page 111: par. 1: cooperation (to match the rest of the usage throughout the book)

For consider what precedes it. “In civilized society [man] stands at all times in need of the co-operation and assistance of great multitudes, while his whole life is scarce sufficient to gain the friendship of a few persons.”

Page 113: par. 3: everything

Once everthing is agreed— and within the analytical convention, finally agreed—there is no further need for any of the apparatus of enquiry, communication, and control which might have been required to secure agreement.

Page 121: par. 1: entrepreneurship

Since, moreover, enterpreneurship is based on superior knowledge in some particular, it is open to an entrepreneur to seek profit through misleading those with whom he proposes to trade.

Page 147: par. 1: entrepreneurship

Clearly this way of identifying the entrepreneurial element that is present in Misesian human action but absent in Robbinsian economizing activity fits in well with the approach that defines enterpreneurship as alertness to hitherto unperceived opportunities.

Page 159: Footnote 27: "Idid." should be "Ibid."

Page 174: par. 2: indeed

[...] as a category of intervention, and ndeed Mises was to add a separate category for confiscatory and redistribu-tionary taxation in his later work.

Page 176: par. 0: nonetheless

Thus Mises now treats taxation as a category of interventionism, which he nontheless still defines as he had in 1926 as any government policy that “forces the entrepreneurs and capitalists to employ some of the factors of production in a way different from what they would have resorted to if they were only obeying the dictates of the market” (1949, pp. 714-715).

Page 177: par. 0: should be a right double quotation

Thus in contrast to his statement in 1926, “If government buys milk in the market in order to sell it inexpensively to destitute mothers or even to distribute it without charge, or if government subsidizes educational institutions“ there is intervention (1926, p. 20).

Page 177: par. 2: missing space

[...] Mises analyzed can be meaningfully classified), his further subdivisions and analysis of taxation (which Mises had included but said little about), his inclusionof government expenditure, and nationalization (which Mises had excluded altogether).

Page 183: References: "Human Action" has wrong italics:

1949. Human action: a treatise on economics. London: William Hodge, 1949.

Page 197: par. 2: preferred

He prefered defining competition as “Economic Freedom.”

Page 198: par. 3: embarrassing

(To quote him today on the wonders of the public post office versus private telegraph companies would be merely embarassing.)

Page 199: par. 2: Missing closing quotation mark

Pure monopoly is a situation of one seller facing the entire-industry demand. The situation depends on there being no producers of “close substitutes.38

Page 206: par. 1: transferred

Property titles will be exchanged so that these resources are transfered to the highest-valued user.

Page 209: par. 1: historical

We have seen that the tradition espoused by Rothbard and Armentano has deep historial roots.

Page 212: Footnote 39: "Harold Demetz" should be "Demsetz"

Page 213: Footnote 51: production

Kirzner asserts, but offers no argument to prove, that juice pro-uction would be more lucrative than orange sales, ibid., p. 110.

Page 221: Footnote 8: Mass.

(Cambridge, Mass,: Harvard University, 1971).

Page 238: par. 1: viewpoints

Assessment of this worry requires a careful distinction of veiwpoints.

Page 242: Footnote 1: "On Freedom and Free Entreprise" should be "Enterprise"

Page 244: Footnote 14: Missing closing quotation mark

For further citations and fuller discussion, see my “What Are Banks? in the Atlantic Economic Journal 6 (December 1978): 1-14.

Page 257: Index: Mises

Balance of payments, 227, 234; Mise on, 247-255

Page 257: Index: Bohm-Bawerk should have an 'ö'


Needs better Mises picture.


Should I add in hyphenation? non-, anti-, pre-, post-, under-, over-, -like, super-, supra-, inter-, -wide, multi-

Sunday, October 27, 2013

While You Slept by John T. Flynn

Status: One Round of QC (10.27.2013)


Fix Notes:

Page 34: par. 0: Committee

[...] questions of inter-office relations referred to it by the Secretary, Under Secretary and Secretary’s Staff Committe or initiated by the members” [...]


Page 134: Shows a subchapter "I", but there is no more subchapters. I removed this.

Changed References chapter to footnotes at the bottom of each chapter.

The Roots of Capitalism by John Chamberlain

Status: One Round of QC (10.27.2013)


Fix Notes:

Page 31: bottom par.: missing closing quotation

Hobbes considered that the Leviathan “must have the power to overrule the individual judgment of men on all issues, whether of property or anything else. He was a totalitarian in all save one very English thing: he

Page 38: par. 0: interference

The whole realm of governmental intereference with economic matters—whether it concerns the fixing of prices, or the “planning” of industry, or the seizure of one man’s substance

Page 133: par. 2: multiple

This ingredient was supplied by Frederick W. Taylor, the apostle of “scientific management,” who thought of the worker himself as a “mutiple purpose” machine tool whose motions in any given sequence could be studied and simplified [...]

Page 150: par. 0: Charta (to match the rest of the usage throughout the book)

[...] Court decision in the U.S. Steel case—go back a long way in the life of English-speaking communities—all the way, in fact, to the provision in Magna Carta (1215) that merchants should have the right “to move about as well by land as by water, for buying and selling by the ancient and right customs, quit from all evil tolls.”

Page 174: par. 1: manufacturer

But beyond this, the tire maunfacturer, like the automobile manufacturer, must set his price at a point which will keep a high-capacity plant operating somewhere near its peak.

Page 217: Index: "Leon Blum" is missing the accent. Fixed to "Léon Blum"

Page 218: Index: "de Jouvenal, Bertrand" is wrongly spelled. Fixed to "de Jouvenel, Bertrand"


Page 83: par. 0: worldly (?)

During the week of Waterloo, he followed his wordly instincts and took a strong “bull” position.

Page 163+: "Chevvy" should be "Chevy" (?)

Saturday, October 26, 2013

The Economics of Alfred Marshall by Herbert J. Davenport

Status: One Round of QC (10.26.2013)


Fix Notes:

Page 2 of the PDF ("Also Published in"): "By Herert J. Davenport" should be "Herbert"

Page 12: bottom par.: admissible

What discomfort or grief is in this? Displaced money gains are plainly not admissable in this [...]

Page 142: par. 1: permissible

No shading-off, by degrees of time, from price-determined to price-determining is permissable to distinguish cause-relations from result-relations—on the hither side of a point of time, a cause; on the farther side, a result.

Page 164: par. 1: connotative

[...] his occasional notion of real value as an exchange relation satisfactory to the trader (p. 137); and of real value as connotive of real costs, (p. 632), or of merit (p. 205) [...]

Page 213: par. 1 (punctuation right before par. 2): Accidental comma instead of period

Items of evidence may support the substantive fact; they cannot replace it,

Page 217: bottom par.: efficiencies

There are no utilities or efficencies at large. All producing and consuming is individual. All price offers

Page 223: footnote: enterpriser

Any interpriser can have all of any one for which he wants to pay. But what of the past or the future, or the whence, or the whither?

Page 325: second to last par.: ineffective

Notice the normals; and also that only two pages back training outlays were reported to be almost entirely absent or inffective with business ability.

Page 296: par. 2 (near very bottom of page): representative

The different conditions, producers inclusive, in the different fields of production get summed up in the situation of the respective respresentative producers.

Page 345: Footnote "Skilled labor": It is missing the "p." for page number in parenthesis.
Page 345: Footnote "Wages": It is missing a parenthesis right before the page number.

Page 353: par. 3: missing left double quotation mark

In a stationary state alone . . . the term normal always means the same thing: there, but only there, “average price” and normal price” are convertible terms. (pp. 371-72)

Page 364: par. 1 (end of first blockquote): Ending right double quotation is not needed, does not match the rest of the usage throughout the book.

[...] the price the expectation of which will just suffice to maintain the existing aggregate amount of production. . . .” (pp. 342–43)

Page 368: very last word on page: millennium

But, differing only in degree, any time or period, month, year or milleni-um, becomes by these mathematical procedures a normal period.


Page 30: I split some of these paragraphs into blockquotes.
Page 105-106: Bottom par.-next page: I broke this large quotation into a blockquote.
Page 135: footnote: I split some of these so I could implement blockquotes.
Page 158: par. 0: I split into blockquote.
Page 268: footnote: I split some of these so I could implement blockquotes.
Index: "Neoclassical" should be "Neo-classical" (matches the rest of usage throughout the book).

I made all blockquote begin with no indentation.
"Böhm-Bawerk" occurted once, while "Boehm-Bawerk" occurred 5 times. I decided to change them all to "Böhm-Bawerk"


Page 200: par. 1: How should this wrongfully place sentence go?

[...] relations of cause and effect —turning on tests of right purposes in achieving beneficent outcomes—ethical distinctions made controlling for scientific classifica-land belong, not in the land-capital category, but go along instead with the quasi-rent classification of productive factors, we arrive tions, a line of distinction not rare among economists.

Page 245: par. 0: cultivator. I did a search on Google and found 15 results, could be a bad misspelling, or could be a gardening tool. (????)

Nor with the owning culvitator is the growing of oats a thing to be considered.

Monday, October 21, 2013

The Economics of Enterprise by Herbert J. Davenport

Status: One Round of QC (10.21.2013)


This EPUB was requested by hobochangba

Fix Notes:

Page 14: par. 1: intellectual

And in the main, also, as has already been suggested, these modifications are of the intellectural rather than the physical type; and especially is this the case for such modifications as are advantageous.

Page 132: par. 0: entrepreneur

But any of these pieces of property the enterpreneur may hire or buy: and the outlays therefore rank then as one more item of cost within his aggregate of costs.

Page 203: par. 1: suburban

Developing urban and surburban transportation have, then, been effective to extend the city over a much wider area, greatly limiting the rise of rents upon inside residence sites and greatly enhancing the rental values of outside properties.

Page 237: par. 1: dictate

Each man would then, as his necessities should dicate, be employing not one medium, but various different media of exchange, as intermediate between his original wares for sale

Page 268: par. 1: maximum

So what one will at the outside pay for food or shelter or clothing is a maximum which is valid solely by virtue of the fact that other things can be had at prices far below the maxmium which each taken separately might command.

Page 301: par. 3: comma should be period

Money complicates the problem, — But, after all, the fact that there is a money intermediate has something to do with the problem.

Page 321: par. 2: according

In the United States, accordimg to the government report of August 1, 1912, 47 per cent of a total circulation of 3277 millions of dollars, was gold either as coin or as gold certificates.

Page 443: bottom par.: proportions

[...] but that always the discussion has limited itself to the porportions in which labor, or machinery, or wage outlays, as particular expense or as aggregate expense, are applied to land [...]

Page 444: bottom par.: merely

It has also been shown that the recognition of this broad and general Law of Proportions not nerely compels the abandonment of the distinction between land and capital, but compels also [...]

Page 447: very last sentence: distinction

The very impossibility of making precise destinction between what is technological and what is not, must somewhat discredit the distinction as a basis of classification.

Page 458: last sentence: instruments

If, then, classification be made to depend on technological relations, and only that be called land which competes with land, and only those intruments called capital, as distinguished from land, that are complementary to land and that tend to make land relatively scarce, no one can now know, or is certain ever to know, whether to call a freight car land or capital.

Page 463: par. 1: monopoly

Monopoly and cost. — The necessities of the present analysis compel immediate reference to reasonings belonging in strictness to monoply theory:

Page 468: par. 1: emergency

With falling rates of interest, also, this balance of gain from emergencey plants becomes doubtless somewhat more marked.

Page 522: par. 1: importance

The land rent problem is not a problem of diminishing inportance, but of enormously increasing importance — all on the urban side.

Page 530: par. 0: consumers

[...] that land rents have no part with other costs in fixing the prices that com-sumers must pay; and that since these lands harmlessly earn their rents, the rents from them may rightly go to private owners.

Page 535: Index: "Boehm-Bawerk, Eugen v." should be "Böhm-Bawerk, Eugen v."


Throughout the book, it flip flops between normal sized text and very small text... can you make sense out of the reasoning? I did not add the smaller text to the EPUB. (There are MANY more pages than this):

Page 143-144
Page 153
Page 291
Page 298
Page 380
Page 401
Page 474-476

Throughout the book, there are also many odd margin spacings between paragraphs. I added all the weird spacings into the EPUB. (There are MANY more pages than this):

Page 532

I am not too sure on the indentation in the Index.

Saturday, October 19, 2013

Economic Freedom and Interventionism by Ludwig von Mises

Status: One Round of QC (10.19.2013)


This EPUB was requested by SmilingDave.

I based the conversion on both the HTML and PDF OLL version here:


Added the Index + some front matter to better match the PDF.
Added indentation to match the original PDF.
Added the "leaf" fleuron in two sections. I left it out of each of the 4 Parts though.
Added footnotes to the end of each chapter.
Some code tweaks.

Friday, October 18, 2013

Freedom, Society and the State by David Osterfeld

Status: One Round of QC (10.18.2013)


I spent a nice chunk of time recreating the images digitally using Inkscape (hopefully my skills with this get better and better the more I do them). Here are comparison screenshots:

Page 4:


Page 35:


Page 96:


Page 97:


Page 103:


Page 104:


Page 261:


Page 262:


Fix Notes:

Page xii: par. 0: contemporary

Addressing himself directly to these misperceptions, David Osterfeld throws a great deal of light upon the topic of human freedom in comtemporary times.

Page 1: par. 1 (right below Chapter 1): anarcho-capitalists

Because the anarchists propose that a definite economic institution, the market, replace the political institution of government, they have been variously referred to as "free market anarchists," "anarco-capital-ists," and "individualist anarchists."

Page 2: par. 0: political

And, while acknowledging "Stirner’s complete rejection of all polictical, moral, and traditional ties of the individual," [...]

Page 3: par. 0: American

And the American anarchist, Benjamin Tucker, contended that there were "two schools of Socialistic thought,” the State Socialism of Karl Marx and the Anarchism of Proudhon and the Amnerican Josiah Warren.

Page 3: par. 0: minarchists

[...] and the twentieth century followers of classical liberalism, the minarachists, have followed their mentors in rejecting anarchism.

Page 5: par. 2: government

All money spent by governemnt is useless, says Kropotkin, since there is a definite relationship between crime and poverty.

Page 7: very end of page: anarcho-collectivism

Once this plateau of plenty is reached, the structures of anarcho-communism and anarch-co11ectivism [...]

Page 9: bottom par.: syndicalism

Not only would sydicalism have to make entrepreneurial decisions, just as is done under capitalism, but one must question whether "workers’ control" is even possible.

Page 10: bottom par.: between

The three cornerstones of Proudhon’s ideal society are contract, exchange, and property. The state is to be abolished and all relations betwen individuals and collectives are to be handled by contract.

Page 16: par. 2: monopolies

The way to eliminate these monoplies is "by subjecting capital to the natural law of competition, thus bringing the price of its use down to cost."

Page 19: bottom par.: government

While Hospers feels that statutory law, and thus a governemnt, is necessary to insure a rule of law, [...]

Page 26: below section e: minarchism

The objectivists, headed by Ayn Rand, may be viewed as a variant of minarachism.

Page 28: par. 1: Government

"Mr. Smith, a customer of Goverment A, suspects that his...neighbor, Mr. Jones, a customer of Government B, has robbed him,"

Page 30: par. 0: miniscule

Of this problem, Mises can merely hope that the majority will exercise such self-restraint that government will remain miniscle.

Page 37: bottom par.: spectrums

Moreover, the place of the individualist anarchists in both the economic and the political sepctrums has been pointed out, and the initial groundwork has been laid for the study of individualist anarchism.

Page 41: Footnote 43: Encyclopedia

Enclyclopedia of the Social Sciences

Page 47: near bottom of page: opinion + theoretical

[...] for the maintenance of order in their communities, on the force of public opinion, this introduces the possibility of the "tyranny of public opinon" in anarchist as well as democratic societies. Thus, "authoritarian-anarchism” is at least a theorectical possibility.

Page 52: bottom par.: democracy

[...] a tyrant, a group of individuals--an oligarchy, or a majority--a democaracy, such "human rights" as those of freedom of speech, [...]

Page 56: par. 0: ownership

Second, it is argued that "It is physically impossible for everyone to keep continual tabs on everyone else and thereby to exercise his equal quotal share of partial ownerhsip over every other man.

Page 70: Footnote 27: Sennholz

On Freedom and Free Enterprise, ed. Mary Senholz (Princeton: Van Nostrand, 1965), pp. 225-35.

Page 70: Footnote 28: Epistemological

For a fuller presentation of this position see my "Reflections on the Substantive and Epitemological Aspects of the Rothbardian Natural Rights Ethic," [...]

Page 83: par. 0: surprising

[..] latter is the embodiment of violence while the former entails voluntary and peaceful exchange of goods, it should not be suprising that the political means gain at the expense of the economic.

Page 84: par. 2: mighty + government

For if a judicial decree of ’unconstitutional’ is a mightly check to government power, an implicit or explicit verdict of ’constitutional’ is a mighty weapon in fostering public acceptance of ever-greater goevernment power."

Page 86: bottom par.: enthusiasm

For wars, at least our modern "democratic" wars which depend for their success on mass support and enthusiam, are invariably presented in terms of a struggle for righteous and humanitarian goals.

Page 88: par. 0: important

[...] have several imporant consequences. First, in an effort to stimulate production, price controls for the factors of production will also have to be imposed.

Page 90: par. 1: psychologically

But as Rousseau recognized, and a plethora of sociologists of whom Emile Durkheim was only the most famous have confirmed, man is simply not equipped, psyhologically, to live in such an atomized and uncertain environment.

Page 92: par. 2: libertarianism

While this analysis of contemporary society is profound, as a criticism of libertairianism it is based on a misunderstanding.

Page 97: below Figure 2: concentrated

While they are useful for analytical purposes there are few if any "elitists” who believe that power is concentrationed in the hands of a single person or even a few individuals; similarly, there are few if any "pluralists” who claim that power is infinitely diffused throughout society.

Page 98: right above blockquote: sociologist

[...] wrote Italian political sociolo-ist Gaetano Mosca,

Page 103: below figure 4: electorate

In fact, what is most interesting is that the better informed the electroate, the greater the incentive for collusion.

Page 105: par. 2: responsive

This too is a comforting theory. Government is reponsive to the public, this time not as expressed through political parties but through interest groups.(56)

Page 112: Footnote 35: eliminating

The individual desires to relieve this stress by eliminat-ting the conflict between his actions and his beliefs.

Page 117: par. 2: Luxemburg

The competing Marxist theory propounded by Rosa Luxemberg argues that since the capitalist mode of production is predicated upon the exploitation of the workers by the capitalists, [...]

Page 124: par. 3: justification

But, continues Flynn, it will probably not be possible to maintain this heavy military spending without public support and that, in turn, requires a justifica-cation for the spending.

Page 125: par. 2: commercial

One important consequence of this according to John Hagel is that "commerical activity abroad will therefore be increasingly supplemented by long-term investment in producing facilities

Page 126: par. 1: further

But the government guarantee of foreign investment in turn serves to encourage still futher investment abroad, which therefore intensifies the demand on government for still more guarantees.

Page 126: bottom par.: information

Inflation short-circuits, as it were, the informa-mation flow of the price mechanism and leads the entrepreneurs to grossly overestimate the actual demand for their products.

Page 127: par. 2: Footnote "20" should be 29.

Page 128: par. 1: international

For the short-run reason of lifting the country out of the depression and for the long-run reason of preserving and promoting an internatonal economic order conducive [...]

Page 128: par. 1: promises

[...] despite its promies of abundance, necessitates great personal and financial sacrifices, [...]

Page 128: par. 1: elsewhere

[...] or adventure on the heroic model touching deeply the springs of chauvinistic pride, interest and feeling," or, he says elsewere, [...]

Page 128: par. 2: international

For the short-run reason of lifting the country out of the depression and for the long-run reason of preserving and promoting an internaitonal economic order conducive to American dominance,

Page 129: par. 2: necessary

Roosevelt justified his Pacific policy by claiming that his actions were necesssary to preserve peace. The anarchist’s view [...]

Page 131: bottom par.: throughout

But this, in itself, does not prove that it is imperialistic, i.e., that U.S. foreign policy has been designed to promote and protect American corporate interests thoughout the world.

Page 132: blockquote: political

It rather conclusively shows that genuine security fears; ideological anticommunism; expansionist idealism; or other policical, strategic, or psychological factors have been at the roots of the United States postwar policies including interventionist. . . behavior.

Page 136: bottom par.: themselves + military

If the interventionist country were militarily strong, or at least stronger than its neighbors, war or imperialism could well present themsleves as solutions to both of these problems. If the foregoing is correct then one would expect to find that, assuming approximately equal miliatary power, the more rigidly controlled the economy the more

Page 137: par. 0: dismantling

On the other hand, such policies as the systematic economic rape of Eastern Europe by the Soviet Union, including the dislman-tling of entire factories and their transfer to Russia, certainly suggests that it is imperialistic.

Page 138: par. 1: This

Ths distinction is unfounded.

Page 138: par. 1: Singapore

Countries such as Singpore, Hong Kong, Taiwan, South Korea and Brazil have all become major exporters of electronic equipment such as TVs and radios.

Page 138: par. 2: manufacturing

This would depend upon such factors as what resources a country needed but had to import, what manufacturing industries it possesses and the relative mixture of resource extraction and manaufacturing.

Page 139: par. 1 (near halfway): This

Ths last option is logical only on the assumption that it was Roosevelt’s intention to get America into the war.

Page 139: par. 1 (near bottom page): possibility

Another explanation is that Roosevelt sincerely believed that the total destruction of Western civilization was a distinct possiblity in the absence of American intervention against Nazi Germany.

Page 140: par. 1: while

Thus, whlie one cannot dismiss the possibility that at least some wars have been caused primarily by the attempts of political [...]

Page 140: bottom par.: political

[...] he was still a fairly obscure leader of a minor politcal party.

Page 143: Footnote 10: University

(Athens, Ohio: Univeristy of Ohio Press, 1974);

Page 154: par. 1: philosophy

What Plato desired was the replacement of the "opinions" of politics by the "truth" of philosphy.

Page 168: par. 0: ignorance

With a view of securing such freedom among its members it is as certainly within the province of the State to prevent children from growing up in that kind of ignornance which practically excludes them from a career in life, as it is within its province to require the sort of buildings and drainage necessary for public health.

Page 172: Footnote 8: "Jean-Jacque Rousseau" needs to be "Jean-Jacques Rousseau"

Page 174: Footnote 32 doesn't exist.

Page 174: Footnote 39: utilitarianism

For a brilliant critique of utilitariansim from a slightly different angle

Page 182: par. 1: sovereignty

Hence, the soveriegnty of the individual required the complete individualization of society which, in turn, implied that every individual bear the cost of his own actions. As Warren put it:

Page 185: par. 2: burden

Cost being the limit of price would put a stop to all fluctuations in prices and in trade, . . . compel every one to produce as much as he consumed, would distribute the burthern of labor among all, and reduce the [...]

Page 187: bottom par.: uncertainty

The "cost" of any loan transaction, however, would include all sacrifice or burden endured by the lender, including that of uncertainity or risk.

Page 190: par. 0: exchange

As Heywood remarked, "since money is the common measure of products, and exhange must be made in the accepted currency, [...]

Page 193: par. 1: acquisition

Since the notes would be non-interest-bearing, they would be redeemable only in products, and, hence, the only reason any individual would have for joining the bank would be to facilitate the acquisiton of money.

Page 196: par. 1: equivalent

If, then, land titles were based on the principles of equity, viz., the exchange of labor for an equival-lent amount of labor, ownership could not extend beyond actual occupancy and rent would be eliminated.

Page 203: par. 1: obligation

Consequently, man has no legal obli-igation to others except that which he voluntarily contracts to accept.

Page 207: bottom par.: applicability

[...] will be submitted to juries which will judge not only the facts, but the justice of the law, its applicabiliity to the given circumstances, and the penalty or damage to be inflicted because of its infraction ."

Page 208: bottom par.: competition

Patents, copyrights, and tariffs restricted or eliminated competiton in the areas of their application, thereby [...]

Page 209: par. 1: themselves

Under the influence of free competition, he said, "it will make no difference whether men work for themsleves, are employed or employ others.

Page 213: Footnote 1: Intellectual

"The Intellectural and Political Roots of the Older Austrian School,"

Page 217: Footnote 42: "Vo. V" should be "Vol. V"

Page 217: Footnote 48: "Wiliam Reichert" should be "William Reichert"

Page 220: Footnote 90: specifically

For a good article dealing specificially with the journal Liberty see Carl Watner,

Page 221: par. 1: paradigm

The individualist anarchist paradign is a synthesis of philosophical anarchism with modern economics.

Page 223: par. 1: priorities

There are three problems of coordination that must be solved in any socio-economic system: [1] the problem of priortities, i.e., [...]

Page 227: bottom par.: acquiescence

But in such a society voluntary acquiesence is highly improbable.

Page 232: par. 1: political

[...] I believe, the path taken by such poltical scientists as Robert Dahl, [...]

Page 232: par. 3: Lasswell

But if the Dahl-Lawwell-Kaplan approach is followed power is clearly not ubiquitous.

Page 237: par. 1: situation

The siutuation is identical for acts of private discrimination.

Page 243: below section c: official

Approximately 12 percent of the population of the United States have, according to offical statistics, incomes below the poverty line.

Page 247: par. 5: productivity

The root of the problem, therefore, is not the low productivitiy of the unskilled worker.

Page 248: par. 1: eliminate

But the effect of such regulations as the minimum wage and licensing restrictions is to eliminiate just those jobs

Page 249: par. 2: slumlord

This is unfortunate but not only is he not responsible for this condition, the slumloard, regardless of his motives, helps the poor make the best of their bad situation.

Page 249: par. 3: disappeared

Consider what would happen, Block asks, if slums and slumlords suddenly disapeared.

Page 251: par. 0: entrance

But if the monopolist would then try to recoup his losses after such a purchase by raising prices, he would only encourage the entrace of new competitors, thus necessitating the "buying out” process all over again.

Page 253: par. 0: political

[...] desire to represent the views of the community, the signals conveyed to the politcal leaders will almost invariable depart from the actual state of demand by the community.

Page 255: par. 1: money

It then becomes clear that this moeny did not represent additional saving but only the illusion of additional saving.

Page 257: par. 1: stabilize

According to the proponents of contra-cycl1ca1 policies, government is supposed to stablilize the economy by reducing taxes and increasing expenditures in times of economic downturns in order to increase aggregate spending and thus stimulate the economy.

Page 261: par. 2: skyscraper

Since Larry has a large family and a risky occupation, being a window washer on a skyscrapper, he desires considerable coverage.

Page 262: right below Figure 2: preferred

[...] the election, his perferred position was adopted.

Page 263: bottom par.: anarchists

With this in mind we can now examine the specifics of the anarachists paradigm.

Page 266: Footnote 24: "Laswell" should be "Lasswell"

Page 266: Footnote 25: Kalleburg

As Kallenburg makes clear, the two techniques are not inherently mutually exclusive but may at times be complementary.

Page 269: Footnote 57: Armentano

Also see D. T. Armantano, The Myths of Antitrust

Page 270: Footnote 61: Sennholz

Page 270: Footnote 65: "American's Great Depression" should be "America's Great Depression"

Page 277: blockquote: competition

The competi-tition between owners along each of these passages will tend to keep the price down.

Page 279: par. 0: downtown

[...] safe roads into and throughout the dowtown area.

Page 283: par. 1: There is two Footnote "18"s. I changed the second one to 19.

Page 284: par. 2: absence

But in the absense of compulsory state education these controversies would disappear, for a wide variety of educational alternatives would present themselves on the free market.

Page 287: par. 2: unreliable

Thus, an un-realiable testing agency would soon face bankruptcy.

Page 288: par. 0: probability

[...] probablility of better overall results for children under the free educational system seems clear.

Page 289: par. 2: furnish

Further, they believe that a private voluntary educational system would be able to funish high quality education at a lower cost than any alternat1ve.

Page 292: bottom par.: situation

While such reforms might prove successful in the very short run, the belief that such a stituation can be maintained is akin to believing that water can run uphill.

Page 309: par. 2: exclude

On the contrary it is that the supplier may be in a position to exlude would-be users by charging a fee well in excess of marginal costs.

Page 311: bottom par.: Company

Company A would make it easy for its subscribers to call the subscribers of Company B, and Company B would do the same for the subscribers to Comapny A -- [...]

Page 314: par. 1: paradigm

In short, up to this point the libertarian pradigm must be pronounced sound.

Page 315: Footnote 2: "Public Services Under Laiseez Faire" should be "Public Services Under Laissez Faire"

Page 316: very end of Footnote 37: Stanford

(Stanford: Standford University Press, 1961).

Page 317: near end of Footnote 38: "Drug Prohibiton" should be "Drug Prohibition"

Page 326: bottom par.: legislation

But if law need not be a command from above, i.e., either enacted by a legistature or imposed by a king, how did it emerge and, more importantly, acquire validity for the members of the society?

Page 327: par. 2: significance

Whatever the relation between custom and legislation in ancient Roman law, there can be little doubt as the relatively greater signficance of custom in the English common law.

Page 328: par. 1: decision

Since a judge’s decision was immediately binding only on the parties to a dispute, and since a single maverick decison would have little impact on the body of the law, a single judge was helpless to change the law.

Page 332: par. 1: flexibility

It is probably impossible to say precisely what is the "best" mix of stability and flexibilty.

Page 335: bottom par.: axiom + incompatible

The anarchist replied that the natural rights minarchist was himself in a contradiction since the libertarian ”non-aggression axion" was, strictly speaking, imcompatible with government. Probably both are right: the anarchist because government is inconceivable without at least some initiated coercion; and the minarchist because there is little doubt that the common law would ever become the complete exemplification of pure libertarianism.

Page 338: end of blockquote: more enforcement

Thus, a substantial move toward standardization would occur in the treatment of crimes of violence and infractions of commercial codes, while diversity would persist in the demand for mores-enforcement.

Page 339: par. 1 (near middle of page): building

This law would be binding only on the parties directly concerned and would last only as long as the individual remained a tenant in that buiding.

Page 343: bottom par.: difficulty

There would be no diffculty if both courts reached the same decision.

Page 346: bottom par.: unreliable

The anarchists believe that this would be unlikely since, argue the Tannehills, such a man would be very unrealiable and other businessmen would, out of their own self-interest, cease doing business with him.

Page 350: par. 0: Friedman

[...] be suicidal," Freidman says, for "unless they maintained a reputation for honesty, they would have no customers [...]

Page 351: par. 2: philosopher

But philospher John Hospers argues that the agency could also use its dominant position to victimize rather than to protect "its" clients.

Page 351: bottom par.: irresistible

But if the advantages of being a client of the dominant agency are so irresistable, and if, as Nozick comments, "economies of scale" are positively correlated with increased size, the "the protection agency of optimal size will include the whole world."

Page 352: par. 1: Footnote "60" should be 66.

Page 353: below section 23: dominance

Another criticism is that there would be nothing to prevent an agency from using force to conquer or absorb weaker agencies until it attained a position of unchallenged domiance, which it could then use to exploit its subjects. In contrast to the previous objection, the Mafia Agency would achieve its domiance through aggression rather than economic competition.

Page 354: par. 1: anarchist

If an agency initiated violence against individuals who were not its customers, continues the anarachist scenario, it would be forced to deal with their defense agencies.

Page 355: bottom par.: situation

The possibility of collusion among several agencies would not alter the situtation.

Page 360: par. 1: governments

There have always been groups of people in human society who have been inadequately protected by their governemnts.

Page 360: par. 1: adequate

Few can contend that American blacks or Russian Jews receive adquate protection from their governments.

Page 361: par. 1: generally

Once the label "public" is attached to a good or service it is genrally assumed that only the government can supply it.

Page 361: bottom par.: rehabilitation

There are four basic paradigms of punishment: rehabilitiation, deterrence, retribution, and restitution.

Page 367: par. 0: rehabilitation

[...] market principles to the problem of aggression provides a built-in rehabilitiation system.

Page 369: par. 1: indiscriminate

These weapons are ipso facto engines of indiscrimini-nate mass destruction [...]

Page 370: bottom par.: necessary

"No army could grow beyond what the market would support, and the market would never support an army larger than was actually necessry for defense, because force is a non-productive expenditure of energy."

Page 372: par. 1: psychological

More importantly, the increasing use of repression and violence against individuals who were clearly innocent and nonviolent could provoke a moral and pscyhological disorientation among the invader’s soldiers charged with carrying out the repressions against the civilian population.

Page 372: par. 1: casualties

And the fact that all of the casualities would be suffered by the civilian population would no doubt take a heavy psychological toll on the members of the civilian defense.

Page 386: bottom par.: externalities

[...] does not believe that it can function effectively in the area of "collective goods" and "externalitites" and concludes that the state is necessary to supply these types of goods and to coordinate policy in this area.

Page 387: par. 1: believes

[...] the anarchist argument will not be persuasive. Similarly, if one belives that certain goods are "inherently collective," rather than simply "legally collective," then the anarchist argument will likewise not be convincing.

Page 389: bottom par.: charities

But then it should also be pointed out that charitites currently collect billions of dollars each year, and there is no reason to believe that this figure would be lower in a taxless society.

Page 390: right before list: possibilities

This creates four possiblities:

Page 391: under section f: proposition

But the position of the natural rights anarchist hinges on the pro-positon that, given his moral principles, government is, ipso facto, morally unjustifiable.


Page 17-18 in the text is missing Footnote 59. I disabled Footnote 59 in the footnote section.

Page 160: Footnote 32 is disabled, because it does not exist in the footnote section.

PDF Pages out of order

PDF Page 255-258 (233-236) should be moved.