Summer 2009Vol. 4, No. 2

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Articles

Discusses the nature and value of hedge funds, the ill effects of economic regulations, and how to fight for free markets.

Justice Holmes and the Empty Constitution (accessible for free)

Examines the meaning and consequences of Oliver Wendell Holmes’s famous dissent in Lochner v. New York, showing how and why it has devastated American jurisprudence, and indicating what future jurists must grasp and do in order to begin reversing the damage.

Energy at the Speed of Thought:
The Original Alternative Energy Market (accessible for free)

Surveys the history of the U.S. energy industry, with special emphasis on oil as the lifeblood of the modern world and on freedom as the condition that enabled oilmen to make it flow.

A Brief History of U.S. Farm Policy and the
Need for Free-Market Agriculture

Shows how the USDA has grown from a small, seemingly innocuous bureau promoting agricultural research to today’s freedom-thwarting, rights-violating, market-crushing behemoth.

The Is–Ought Gap: Subjectivism’s Technical Retreat (accessible for free)

Examines the prevalent claim that moral principles cannot be derived from observable facts, and finds the problem in desperate need of a solution.

Book Reviews

Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism, by George A. Akerlof and Robert J. Shiller

Life Without Lawyers: Liberating Americans From Too Much Law,
by Philip K. Howard

Fooling Some of the People All the Time Updated and Revised: A Long Short Story, by David Einhorn (accessible for free)

The Box: How the Shipping Container Made the World Smaller and the World Economy Bigger, by Marc Levinson

Getting Things Done: The Art of Stress-Free Productivity, by David Allen

Correspondence

We value your thoughts on articles in The Objective Standard, and we welcome your letters to the editor—whether critical, argumentative, or complimentary. Well-written letters will be published in our "Letters and Replies" section toward the front of the journal and, when appropriate, may be accompanied by writers’ responses. Letters may be edited.