Overview

Professor Block's book is among the most famous of the great defenses of victimless crimes and controversial economic practices, from profiteering and gouging to bribery and blackmail. However, beneath the surface, this book is also an outstanding work of microeconomic theory that explains the workings of economic forces in everyday events and affairs.

Murray Rothbard ...
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Defending the Undefendable (LvMI)

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Overview

Professor Block's book is among the most famous of the great defenses of victimless crimes and controversial economic practices, from profiteering and gouging to bribery and blackmail. However, beneath the surface, this book is also an outstanding work of microeconomic theory that explains the workings of economic forces in everyday events and affairs.

Murray Rothbard explains why:

"Defending the Undefendable performs the service of highlighting, in the fullest and starkest terms, the essential nature of the productive services performed by all people in the free market. By taking the most extreme examples and showing how the Smithian principles work even in these cases, the book does far more to demonstrate the workability and morality of the free market than a dozen sober tomes on more respectable industries and activities. By testing and proving the extreme cases, he all the more illustrates and vindicates the theory."

F.A. Hayek agreed, writing the author as follows:

"Looking through Defending the Undefendable made me feel that I was once more exposed to the shock therapy by which, more than fifty years ago, the late Ludwig von Mises converted me to a consistent free market position. Even now I am occasionally at first incredulous and feel that 'this is going too far,' but usually find in the end that you are right. Some may find it too strong a medicine, but it will still do them good even if they hate it. A real understanding of economics demands that one disabuses oneself of many dear prejudices and illusions. Popular fallacies in economics frequently express themselves in unfounded prejudices against other occupations, and in showing the falsity of these stereotypes you are doing a real service, although you will not make yourself more popular with the majority."

To search for Mises Institute titles, enter a keyword and LvMI (short for Ludwig von Mises Institute); e.g., Depression LvMI
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Product Details

  • BN ID: 2940013309821
  • Publisher: Ludwig von Mises Institute
  • Publication date: 10/14/2011
  • Sold by: Barnes & Noble
  • Format: eBook
  • Pages: 257
  • Sales rank: 779,075
  • File size: 3 MB

Meet the Author

Walter Block earned his PhD in economics at Columbia University. He is an author, editor, and coeditor of many books, including Defending the Undefendable; Labor Economics from a Free Market Perspective, Lexicon of Economic Thought, Economic Freedom of the World 1975–1995; Rent Control: Myths and Realities; Discrimination, Affirmative Action, and Equal Opportunity; Theology, Third Word Development and Economic Justice; Man, Economy, and Liberty: Essays in Honor of Murray N. Rothbard; Religion, Econonomics, and Social Thought; and Economic Freedom: Toward a Theory of Measurement.

Dr. Block has written more than 500 articles for various nonrefereed journals, magazines and newspapers, and is a contributor to such journals as The Review of Austrian Economics, Journal of Libertarian Studies, the Journal of Labor Economics, Cultural Dynamics, and the Quarterly Journal of Austrian Economics. He is currently a professor and chair of economics, college of business administration, at Loyola University.
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