Charles Koch's book, "The Science of Success", subtitled: "How Market-Based Management Built the World's Largest Private Company", is largely Austrian economic theory applied to running a large complex business. Koch says the two books that have had the most impact on his life are Ludwig von Mises's, "Human Action" and FA Harper's, "Why Wages Rise". The free pdf version of Harper's book can be downloaded by clicking the following link: "Why Wages Rise". And html/pdf/text versions of Human Action are found by clicking this link: "Human Action". Harper's book can be read in a few hours; Human Action is a life-long study, but can be read in less than a week
The Kochs understand Austrian economics which are the economics of free-market capitalism. And they understand individual freedom which is a pre-requisite for free-market capitalism. Knowledge and economic understanding completely undermine socialism which can only exist on the basis of hope and hype, otherwise known as wishful thinking and propaganda. The socialists have a right, and should be afraid of Austrian economics in general and the Kochs in particular.
Koch Industries is on both twitter and facebook.
Please use the links above to help make them aware of this series being posted on FreeRepublic.
Thanks for the post/ping from Friday, October 07, 2011 4:00:03 PM “Gresham’s Law of Politicians”. That and your home page links brought me here. OUTSTANDING quotes. Many of the quotes I have never read before. The chronology is fascinating.
•Frederick Bastiat, The Law 1850:
“It is impossible to introduce into society a greater change and a greater evil than this: the conversion of the law into an instrument of plunder.”
Bastiat identified the destructive collective (socialists) and named names. He didn’t stay in the general. He got specific. He used some of their own words against them.
Yes, the collective gang (socialists/totalitarians) are all about control and domination (great post Christian Engineer Mass).
There is one guy (radio & internet tv) who is naming names every day of these individuals, their words and their supporters (besides the “useful idiots”).