Walter Block reviews ''There Aint No Such Thing As A Free Lunch''

Written by Walter Block Tuesday, 01 November 2011 21:51
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When this book was first published, the author of it and I were young men, together. Now, that can no longer be said. But, we are still together.

I greatly admired TANSTAAFL then, and even more so now.

This book, in a word, has passed the test of time,and then some. TANSTAAFL ought to be made compulsory reading for all adherents of left wing environmentalism; it is only fair that they be forced in such a way, as they have been for so long attempting to compel the rest of us to do things, and refrain from doing others; and with no rationality or coherence behind their demands. As for all others, we, too, ought to read this book, in order to better understand what economics can teach us about environmental issues. Consider for a moment those windmills now being foisted upon us by the government, at the behest of the watermelons (green on the outside, but red on the inside). The trouble is, even from their point of view, that these clean energy sources kill birds. So, what is to be done.

The lesson of all economics, as brilliantly pointed out by TANSTAAFL, is that we need comparative prices that indicate real costs. But this can only emanate in a regime of private property rights.

Read Dolan. Again and again.

Read more about the book here

Walter E. Block, Ph.D.
Harold E. Wirth Eminent Scholar Endowed Chair and Professor of Economics
Joseph A. Butt, S.J. College of Business
Loyola University New Orleans
Last modified on Monday, 07 November 2011 09:34

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