A Journal for Western Man :  Issue LXXVI

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Economics

 

Arguments against the Labor Theory of Value:

G. Stolyarov II

October 17, 2006:

Mr. Stolyarov presents eight refutations of the labor theory of value, which states that “the economic value of all goods and services is derived from the cost of their production and ultimately from the labor expended on their creation—be it measured in terms of the time, effort, or disutility required to produce the goods or services in question—and the labor expended on the creation of goods necessarily endows them with economic value.” Mr. Stolyarov then argues that the utility theory, which views economic value as identical to the benefits gained by individuals from goods and services, is a superior explanation of economic value.

 

Filosofy

 

Values, Reason, Rights, and Freedom:

Leonid Fainberg and Larissa Fainberg

October 12, 2006:

Leonid Fainberg and Larissa Fainberg examine the nature of values and show what makes things valuable. They demonstrate that reason is necessary to man for the pursuit of values. This implies that man has a right to the free exercise of his reason to achieve values which serve his life without coercing or harming others. Hence, every individual ought to have the freedom to create and pursue values without state compulsion or restriction of non-coercive activities.

 

Hudgins Letter in Wall Street Journal:

Dr. Edward Hudgins

October 19, 2006:

A letter from Dr. Edward Hudgins recently appeared in the Wall Street Journal, defending moral individualism along with economic individualism as necessary for a consistent advocacy of capitalism and free markets. The unfettered liberty of the individual is absolutely necessary in a just and capitalistic society. 

 

Historical Analysis

 

My Tribute to Helen Chenoweth:

Dr. Chuck Baldwin

October 12, 2006:

Dr. Chuck Baldwin was extremely saddened to hear the news that former Idaho congressman  Helen Chenoweth had recently been killed in an automobile accident. She was 68. With her passing, America lost a great statesman and patriot. Rep. Chenoweth was part of that great freshman class of 1995 when conservative Republicans took over the House of Representatives. It was a short run, but the '95 freshmen such as Chenoweth, Joe Scarborough, Steve Largent, Bob Barr, and others for a moment, at least, seriously shook the timbers of an entrenched Washington establishment. However, thanks to insiders such as Newt Gingrich and Trent Lott, establishment politicians quickly recovered, and there really has not been a conservative class in Congress since. However, Chenoweth and her tribe deserve credit for a valiant effort.

 

Origins of the Welfare State in America (1993):

Dr. Murray N. Rothbard

October 15, 2006:

Dr. Murray Rothbard refutes conventional theories as to why the welfare state originated in the United States and presents evidence that the primary motive force for the welfare state was an intellectual one: Christian Postmillennial Pietism-- the belief that the Kingdom of God can be established on Earth through government action. During the course of the 19th century, this belief became gradually secularized until it was transformed into the ideology behind the "Progressive" era and the New Deal.

 

Literary Analysis

 

Utopia: Land of Sophisticates, or, Hythloday's Hyperbole:

Wendy D. Bateman

October 19, 2006:

In Sir Thomas More's Utopia, Raphael Hythloday claims to have found a land of supreme wisdom that fully embodies the 'direct approach' to both philosophy and life. The “direct approach,“ for Hythloday, consists of a zealous adherence to the truth, unadulterated and unornamented.  Hythloday's greatest desire seems to be for the world to live and speak without pretense or ceremony in any of its social, economic, or political interactions. Hythloday holds a belief that the direct approach is best and that the society of Utopia applies it; however, details of his account contradict this belief.  Utopia itself is full of its own conventions. Wendy D. Bateman explains how the conventions in Utopia in fact illustrate the indirect approach, therefore discrediting the book's narrator.

 

Politics

 

Some Choice: Socialist Democrats or Fascist Republicans:

Dr. Chuck Baldwin

October 15, 2006:

Dr. Chuck Baldwin writes that the argument of voting for the lesser of two evils, meaning Republicans, loses its credence when one examines the record. And the record is clear: the GOP has developed a philosophy tantamount to fascism. Consider the following recent developments. The Republican-led House of Representatives just recently approved a bill requiring school districts around the country to establish policies to conduct wide-scale searches of students, including pat-downs, bag searches, or strip searches. Secondly, President Bush has once again defied Congress and pushed the envelope of executive power by unabashedly stating that he has "the power to edit the Homeland Security Department's reports about whether it obeys privacy rules while handling background checks, ID cards and watchlists." Read about these GOP abuses of power and more in Dr. Baldwin's article.

 

"Open Access" or Covert Propaganda?:

Alan Caruba

October 19, 2006:

Alan Caruba criticizes a new piece of legislation called the Federal Research Public Access Act of 2006 (S. 2695), which was introduced last May. The bill would mandate that “federal agencies develop public access policies relating to research conducted by employees of that agency or from funds administered by that agency.” While it might at first sound innocuous to render publicly available the research taxpayer money paid for, this bill constitutes a violation of the property rights of private journals in which the research would be published; the journals would be forced to give their property away for free to the federal government. Furthermore, this bill would be conducive to the spread of scare-mongering federally-funded research, such as the false and dangerous theory of global warming. 

 

Taxes, Spending, and Debt are the Real Issues:

Rep. Ron Paul, M. D.

October 19, 2006:

Lower taxes benefit all Americans by increasing economic growth and encouraging wealth creation. Rep. Ron Paul is in favor of cutting everybody’s taxes – rich, poor, and otherwise.  Whether a tax cut reduces a single mother’s payroll taxes by forty dollars a month, or allows a business owner to save thousands in capital gains and hire more employees, the net effect is beneficial.  Both either spend, save, or invest the extra dollars, which helps all of us more than if those dollars were sent to the black hole known as the federal Treasury. Rep. Paul also discusses the importance of reducing government spending as a crucial component of promoting fiscal responsibility and reducing the federal deficit. Reduced rates of spending growth are not enough; the government must cut the amount of money it spends.

 

The Fascists Among Us:

Selwyn Duke

October 19, 2006:

Selwyn Duke writes that it is no secret that hurling names about is as common in the political world as it is in a grammar school playground.  One oft-used pejorative is “fascist,” which, along with racist, sexist, homophobe and others, tends to be least understood by those who utter it most.  And because these damning terms are used wantonly, more to discredit than describe, they tend to be misapplied.  Then, soon, calling someone a fascist becomes akin to calling him a snake: more a vague impugnment of character than a characterization of methods and goals. However, there are people today who employ fascistic methods in silencing dissent; contrary to stereotypes, they are not rightists. Rather, they are leftists who command immense influence in the schools, universities, and governments of the West. Mr. Duke shares some stories of recent left-fascist persecutions of individuals who have done nothing but civilly voice their views.

 

"The state is the great fictitious entity by which everyone seeks to live at the expense of everyone else."

 

~ Frederic Bastiat

 

 

 

 

 

 

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