Radicals for Capitalism: A Freewheeling History of the Modern American Libertarian Movement [Hardcover]

Brian Doherty (Author)

Book Description

Publication Date: February 12, 2007

On Wall Street, in the culture of high tech, in American government: Libertarianism—the simple but radical idea that the only purpose of government is to protect its citizens and their property against direct violence and threat— has become an extremely influential strain of thought. But while many books talk about libertarian ideas, none until now has explored the history of this uniquely American movement—where and who it came from, how it evolved, and what impact it has had on our country.

In this revelatory book, based on original research and interviews with more than 100 key sources, Brian Doherty traces the evolution of the movement through the unconventional life stories of its most influential leaders— Ludwig von Mises, F.A. Hayek, Ayn Rand, Murray Rothbard, and Milton Friedman—and through the personal battles, character flaws, love affairs, and historical events that altered its course. And by doing so, he provides a fascinating new perspective on American history—from the New Deal through the culture wars of the 1960s to today's most divisive political issues. Neither an exposé nor a political polemic, this entertaining historical narrative will enlighten anyone interested in American politics.

Editorial Reviews

From Publishers Weekly

Modern libertarians see themselves as the loyal opposition to the totalitarian tendencies of centralized power, in an American tradition reaching back to the anti-Federalists. Doherty's astute history shows where that consensus comes from and where it fractures along personal, political and practical lines. As a procapitalist and antistatist philosophy, libertarianism has had its greatest impact in economics. But Doherty shows that modern libertarianism since the 1940s, and increasingly since the 1980s, has been politically and ideologically influential, too. Whether believers in a small state regulating only contracts and national defense, or no state at all (like self-described “anarcho-capitalist” Murray Rothbard), libertarians have rooted themselves in a number of institutions—from schools, publications and think tanks to the Libertarian Party, the country's third-largest ticket. Reason magazine senior editor Doherty conveys an insider's understanding in clear, confident prose. However, his sympathies resist questioning the fundamental assumption uniting diverse ideas, personalities and institutions: the belief in the power of completely unfettered markets to bring about the best possible society. Though partisan and sometimes hagiographic, Doherty's well-researched history avoids polemics in outlining a vital political orientation that cuts across the political spectrum.
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Review

"Doherty helps explain why libertarianism is the biggest political movement nobody ever heard of." -- Chicago Sun-Times, July 5, 2007

"Doherty's fascinating and, indeed, freewheeling history reminds us that curmudgeonly people can shape the world too" -- The American, February 5, 2007

"Mr. Doherty has rescued libertarianism from its own obscurity, eloquently capturing the appeal of the 'pure idea.'" -- The Wall Street Journal online, February 15, 2007

"[Doherty's] fierce intelligence growls at your from the page." -- BBC Focus, June 1, 2007

"[Doherty] has done an impressive job of pulling together an interesting, enlightening, and entertaining history of the American libertarian movement." -- (Laissez Faire Books)

"[Doherty] has written what should be the standard intellectual history of libertarianism.... comprehensive and insightful... clear, wry prose." -- City Journal, April 20, 2007

"quite simply, the best book of its kind ever written...an extraordinary accomplishment...an extremely entertaining and informative ride..." -- National Review, May 14, 2007

"remarkably engaging and encyclopedic history" -- New York Sun, January 24, 2007

"serious, comprehensive history of libertarianism... this scholarly and far-reaching account is necessary for collections of modern American history and politics." -- Library Journal, March 1, 2007

"Brian Doherty's sympathetic, well-informed and endlessly entertaining tour traces the ways in which American libertarianism punches above its weight." -- The Financial Times

See all Editorial Reviews

Product Details

• Hardcover: 768 pages
• Publisher: PublicAffairs; 1ST edition (February 12, 2007)
• Language: English
• ISBN-10: 1586483501
• ISBN-13: 978-1586483500
• Product Dimensions: 9.2 x 6.1 x 2 inches
• Shipping Weight: 2.4 pounds
• Average Customer Review: 4.6 out of 5 stars  See all reviews (35 customer reviews)
• Amazon Best Sellers Rank: #561,019 in Books (See Top 100 in Books)

More About the Author

Brian Doherty is a senior editor at Reason magazine and Reason.com. He is the author of three previous books, including Radicals for Capitalism: A History of the Modern American Libertarian Movement and Gun Control on Trial. His work has appeared in The Washington Post, The Wall Street Journal, Los Angeles Times, National Review, and The Weekly Standard, among other publications. He has been a commentator on hundreds of radio and TV shows, including The O'Reilly Factor and Glenn Beck Show. He lives in Los Angeles.

Most Helpful Customer Reviews

31 of 31 people found the following review helpful

5.0 out of 5 stars The Story of an Awakening June 25, 2007

By Avid Reader

Format:Hardcover

What a great read! Doherty researched his subject (and subjects) almost exhaustively and gave a sometimes breezy, sometimes dense, all the time entertaining portrait of Libertarianism and its founders. Libertarians (and I count myself as one) who boast that their "time has come" are as deluded as the conspiracy nuts who KNOW that Bush is in cohoots with Osama, Saddam, Jews, Saudis, Nazis, aliens - take your pick. I've always contended that Libertarianism will never be a political force because of the very nature of the philosophy - an anti-collectivist attitude that rejecting the sublimation of the individual to the group that is the hallmark of modern politics. In this Brave New World, everything from bathroom flushes to the size of holes in Swiss cheese is politicized. Incredibly, there are those who argue these issues with the passion of the newly converted - I mark it down to the substitution of ideology for religion.

Libertarians are critical thinkers, intelligent and questioning. Even a casual perusal of this work makes that evident. They somehow found the intellectual fortitude to reject the overwhelming majority belief in a nanny State. The movement has the highest percentage of atheists of any political group and yet, for all their smarts, they are constantly battling one another. They can only agree on the broadest and vaguest concepts - non-coercion, limited government, individual and property rights. Maybe it's the absence of the ubiquitious "Vote for me and I'll start a program" politics that voters need. The personalities in the book are heavy hitters - Von Mises, Rand, Rothbard, Hayek, Freidman and then there are all the others - Ron Paul, Popper, Brown, etc. Rand is mainly discussed through her fiction although her non-fiction is almost highlighted.... Hayek's advocacy of freedom along with the brilliant but turgid von Mises is contrasted with the almost sunny, public Friedman.

Libertarianism arose in the GOP and it remains almost exclusively in that realm. (Paul says that Republicans were the original Libertarians.) The only "leftist" thread in Libertarianism is the anarchist leaning of some. The Democrat embrace of group rights, the nanny state, high taxes and (until recently) foreign intervention has prevented the rise of any movement from that side. The common thread, the glue that holds the book together is Rothbard. His decades-long search to find his philosophical base was both repelling and fascinating as he switched allegiances, picked fights, protested this or that perceived slight and yet remained in the spotlight. One is suspicious that this was his real goal at times. His claim never to have changed views is absurd and yet his machinations give the book a well-needed "spine" that allows the action to flow chronologically. As in most books about Libertarianism, the subjects of economic and human rights arise since there is a direct correlation between the two.

Doherty strikes a fine balance between theory, biography, gossip and commentary. In many books like this, either the ideology or the personalities receive short shrift. I found the reading incredibly interesting but for others it will be a chore. In the end one is both awed at the human effort that has been expended toward the idea of freedom and saddened that so few seem to grasp those ideas. Read more ›

68 of 80 people found the following review helpful

5.0 out of 5 stars Freedom's Philosophy March 2, 2007

By Izaak VanGaalen

Format:Hardcover

Libertarians maintain that every person has sovereign ownership of his or her body and is free in his or her pursuit of life, liberty, and property, as long as they do not interfere with the pursuit of life, liberty, and property of others. This sounds like commonsense to the American ear. In fact our republic, born of the Enlightenment, was based on these principles. The problem, however, comes in when theory is translated into practice. In order to secure those rights and freedoms government intervention is required. Libertarians believe government intervention should be minimal (minarchists), others believe there should be none at all (anarchists).

Brian Doherty, editor of the libertarian magazine Reason, has written a very long and informative history of the libertarian movement. He focuses, in the first part of his book, on five key thinkers who kept the movement alive during the era of big government - an era which we are still in. Those five were Ludwig von Mises and Freidrich Hayek of the Austrian school of economics, novelist and philospher Ayn Rand, philosopher Murry Rothbard, and economist Milton Friedman.

Libertarianism was actually synonymous with classical liberalism of the 19th century, both advocating minimal government and free market capitalism. In the 20th century, liberalism became identified with the Progressive movement in the US and socialism in Europe. As people began to agitate for "more rights," more government meddling was welcomed. In Europe, coming out of a depression, this led to Nazism in Germany and Communism in the Soviet Union.

The Austrian school was a backlash against these two collectivist movements, which von Mises and Hayek saw as the greatest threat to human liberty.... Ayn Rand, who was born in Russia, also witnessed some of the worst excesses of collectivism. Upon coming to US, she became a strident advocate of capitlism; in fact, "radicals for capitalism" was originally her slogan. Likewise the writings of Murry Rothbard and Milton Friedman, though both born in America, were a response to the dangers of big goverment and its threat to freedom and economic development.

Libertarianism sounds like such a sensible philosophy that one wonders why the movement never became politically popular. As Doherty shows in some of his research of the movement's eccentric characters, they were extremely individualistic, and, as such, very dogmatic and uncompromising. One of the libertarian's favorite pastimes, according to Rose Wilder Lane, was showing how other libertarians were not ideologically pure and excommunicating them. It has been said that libertarianism would have worked better if people were different than they are. They made the assumption that human beings are essentially benevolent; however, the behavior of some of its leaders proves otherwise. Doherty seems to relish all the infighting amongst the members, he has endless anecdotes of groups splintering into different factions.

Many libertarians rail against the intrusiveness of the state, yet they remain silent when the state protects their interests. Therein lies the central paradox. The power of the state is necessary to moderate the freedoms of all so that all can be free. The growth of government may be the logical outcome of the libertarianism on which this republic was founded. Doherty has done a wonderful job of showing how this paradox has played out within the movement and how it has contributed greatly to slowing down the growth of government and keeping it humble. Read more ›

15 of 15 people found the following review helpful

5.0 out of 5 stars Push Back the State June 23, 2007

By Steve Jackson

Format:Hardcover

Every movement deserves its 700 page history and Brian Doherty has written an outstanding one for the libertarian movement. He focuses on five seminal libertarian thinkers, Ludwig von Mises, Ayn Rand, F.A. Hayek, Murray Rothbard and Milton Friedman, but certainly doesn't ignore the other people who have made the movement so colorful. The book is consistently enlightening and provides biographical details of its major players that I didn't know. And, contrary to those who would rewrite history, Doherty makes it clear that Rand's "Objectivist" movement left a trail of broken lives in its wake, not the least of which was Rand's.

As other reviewers have noted, perhaps a few too many mistakes crept into this book and there are certainly some questionable judgments, but this is "our history" and all libertarians should be grateful to Mr. Doherty.

30 of 34 people found the following review helpful

5.0 out of 5 stars A Comprehensice History of Modern Libertarianism February 26, 2007

By Jerome Tuccille

Format:Hardcover

Brian Doherty has done for twentieth century libertarianism what Tacitus did for first century Rome. He has captured the spirit and the personalities of the major libertarian thinkers of recent times (among them Ayn Rand, Murray Rothbard, Milton Friedman, Friedrich Hayek, and Ludwig von Mises) and dramatized their lives and ideas in a comprehensive, informative, and entertaining volume of history. Doherty's book covers the philosophy of liberty and individualism as it developed throughout the broad sweep of the last century. For anyone who is interested in learning about the tradition of classical liberalism (free market capitalism and minimal government), RADICALS FOR CAPITALISM is invaluable. Doherty has done an outstanding job of tying together an incredible amount of material in a single volume.

Jerome Tuccille, author, TRUMP, IT USUALLY BEGINS WITH AYN RAND, and other books