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Walter Block (born 1941) is a leading free market economist associated with the Austrian School.
Family history and education Block was born in Brooklyn, New York to Abraham Block, a certified public accountant, and Ruth Block, a paralegal, both of whom Block has described as "liberals." He earned his undergraduate degree in Philosophy (with honors) from Brooklyn College where he was a member of the varsity swimming team. Block earned his Ph.D. in economics from Columbia University and wrote his dissertation on rent control. He lives with his wife in his homes in New Orleans, Louisiana and Vancouver, British Columbia and has two adult children. Professional career Block now holds the Harold E. Wirth Endowed Chair in Economics at Loyola University in New Orleans. From 1979-1991, he was the Senior Economist with the Fraser Institute, and, from 1998–2002, he was a member of the Board of Trustees of the Aspen Institute. In addition to his faculty position at Loyola, Block is also a Senior Faculty member of the Ludwig von Mises Institute for Austrian Economics. His most famous work is Defending the Undefendable. Block is considered to be one of the principal economists and thinkers of the Austrian School and anarcho-capitalism in general. Lew Rockwell of the Mises Institute said this about Walter Block's active role in modern libertarianism: Murray Rothbard, in his life, was known as Mr. Libertarian. We can make a solid case that the title now belongs to Walter Block, a student of Rothbard's whose own vita is as thick as a big-city phonebook, and as diverse as Wikipedia. Whether he is writing on economic theory, ethics, political secession, drugs, roads, education, monetary policy, social theory, unions, political language, or anything else, his prose burns with a passion for this single idea: if human problems are to be solved, the solution is to be found by permitting greater liberty. Prior to entering graduate school, Block worked as a columnist for Business Week before becoming a real estate investor in New York. In 1983, Block was part of a group of investors who led the development of 2nd Avenue on the Upper East Side of Manhattan. Block is listed as a distinguished alumnus of Columbia University. Introduction to Libertarianism Block's early thinking life was characterized by egalitarian thought. In an interview by the Austrian Economics Newsletter, Block stated, "In the fifties and sixties, I was just another commie living in Brooklyn."*"Radical Economics: An Interview with Walter Block." Austrian Economics Newsletter. Summer 1999. Block credits his "conversion" to libertarianism to personal meetings with Ayn Rand while he was an undergraduate student. Alan Greenspan was in attendance at some of these meetings. As Block describes it, In 1963, when I was a senior at Brooklyn College, Ayn Rand came there to give a lecture. I attended, along with about 3,000 of my fellow mainly leftish students, in order to boo and hiss her, since she was evil incarnate.... Not having had enough booing and hissing at Ayn in her formal lecture, I decided to... to further express my displeasure with her and her views. Block thereafter attended a luncheon with Rand, Nathaniel Branden, and Leonard Peikoff. After Block's challenging of several luncheon attendees to demonstrate capitalism's superiority, Branden forged an agreement with Block: Nathan very graciously offered to come to the other end of the table with me for this purpose, but he imposed two preconditions: first, I would be honor bound not to allow this conversation to lapse with this one meeting, but would continue with it until we had achieved a resolution: either he would convince me of the error of my ways, or I would convince him of his. Second, I would read two books he would later recommend to me (Atlas Shrugged by Ayn Rand and Economics in One Lesson by Henry Hazlitt). Although Block credits Ayn Rand, Branden, and other Objectivists with initially interesting him in laissez faire theory in general, he says of Murray Rothbard that, After I met Murray, it took him probably all of 15 minutes to convert me to the same anarcho-capitalist position I have held ever since.... In retrospect, before I had met Murray, I was nine tenths of the way toward embracing laissez faire capitalist anarchism; all I needed was a little push in the same direction I had already been going for some time. As author: As editor: See also Notes | ||||||||
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