Larry J. Sechrest
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Larry J. Sechrest
Larry James Sechrest (; October 12, 1946 – October 30, 2008) was an American economist who advocated the ideas of the Austrian School. He was a professor of economics at Sul Ross State University and was director of the university's Free Enterprise Institute. Career After working as an instructor at the University of Texas at Arlington, Sechrest joined the faculty of Sul Ross State University in 1990. In 1991, he became director of its Free Enterprise Institute. In 1993, his book ''Free Banking: Theory, History, and a Laissez-Faire Model'' was published by Quorum Books. He became a full professor in 2002. Sechrest was a libertarian and promoted the ideas of the Austrian School of economics. His early influences included the Austrian economists Ludwig von Mises, Friedrich Hayek and Murray Rothbard, as well as non-economists such as Edmund Burke and Ayn Rand. He supported free banking and anarcho-capitalism. In 2004, Sechrest created controversy with an article he wrote for ''L ...
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Austrian School
The Austrian School is a heterodox school of economic thought that advocates strict adherence to methodological individualism, the concept that social phenomena result exclusively from the motivations and actions of individuals. Austrian school theorists hold that economic theory should be exclusively derived from basic principles of human action.Ludwig von Mises. Human Action, p. 11, "Purposeful Action and Animal Reaction". Referenced 2011-11-23. The Austrian School originated in late-19th- and early-20th-century Vienna with the work of Carl Menger, Eugen von Böhm-Bawerk, Friedrich von Wieser, and others. It was methodologically opposed to the Historical School (based in Germany), in a dispute known as ''Methodenstreit'', or methodology struggle. Current-day economists working in this tradition are located in many different countries, but their work is still referred to as Austrian economics. Among the theoretical contributions of the early years of the Austrian School are the ...
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The Freeman
''The Freeman'' (formerly published as ''The Freeman: Ideas on Liberty'' or ''Ideas on Liberty'') was an American libertarian magazine, formerly published by the Foundation for Economic Education (FEE). It was founded in 1950 by John Chamberlain, Henry Hazlitt, and Suzanne La Follette. The magazine was purchased by a FEE-owned company in 1954, and FEE took over direct control of the magazine in 1956. In September 2016, FEE announced it would permanently end publication of ''The Freeman''. Background A number of earlier publications had used the ''Freeman'' name, some of which were intellectual predecessors to the magazine founded in 1950. ''The Freeman'' (1920–1924) From 1920 to 1924, Albert Jay Nock, a libertarian author and social critic, edited a weekly magazine called ''The Freeman''. Nock's magazine was funded by co-editor Francis Neilson, a British author and former member of Parliament, and his wife Helen Swift Neilson, who was heir to a meatpacking fortune. The ...
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Reason Papers
Reason is the capacity of consciously applying logic by drawing conclusions from new or existing information, with the aim of seeking the truth. It is closely associated with such characteristically human activities as philosophy, science, language, mathematics, and art, and is normally considered to be a distinguishing ability possessed by humans. Reason is sometimes referred to as rationality. Reasoning is associated with the acts of thinking and cognition, and involves the use of one's intellect. The field of logic studies the ways in which humans can use formal reasoning to produce logically valid arguments. Reasoning may be subdivided into forms of logical reasoning, such as: deductive reasoning, inductive reasoning, and abductive reasoning. Aristotle drew a distinction between logical discursive reasoning (reason proper), and intuitive reasoning, in which the reasoning process through intuition—however valid—may tend toward the personal and the subjectively ...
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