In episode three of the Prometheus Unbound Podcast, Matthew and I have a fantastic interview with the wonderful Jeffrey Tucker, editor of Laissez Faire Books. It’s a long one, about an hour and fifteen minutes, and we knew you’d be eager to listen to Jeffrey, so we wasted no time with chit-chat and got right down to business. We covered a number of topics ranging from LFB, intellectual property, and Jeffrey’s favorite fiction.
We started off by asking Jeffrey Tucker what it’s been like working for a commercial publisher and bookseller after having worked for a nonprofit educational institution, the Ludwig von Mises Institute, where he was editorial vice president, for so long.
Then we went on to talk about the business model of Laissez Faire Books and the role of the publisher in the digital age as a curator and service provider (curation as a service); the compatibility of open source and business; intellectual property; the nature of competition; how many entrepreneurs and businesses misidentify the source of their profitability and don’t understand why people buy their goods or services; how copyright has held back the publishing industry; and markets as institutions of teaching and learning.
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In case you missed the announcement, Laissez Faire Books is serializing a novel on its blog. The first installment (of 22) was published yesterday, and subsequent installments will be published weekly on Wednesdays. The novel, Higher Cause, appears to be a present-day to near-future thriller. The description mentions new forms of energy as well, so it may be a techno-political thriller or a bit science-fictional.
The author, John Hunt, is an Austro-libertarian and a medical doctor, “a pediatric pulmonologist and allergist, former navy officer, tenured associate professor at the University of Virginia, cofounder of several companies, as well as Trusted Angels Foundation.” His bio also mentions that he’s written another novel titled Assume the Physician, “a spicy, eye-opening, tear-jerking, belly-laughing romp, and is chicken soup for anyone who struggles in the medical system of America.”
Hunt describes his novel as having “timely sweeping themes, active free-thinking characters, conflicts affecting the world, spies, guns, explosions, new forms of energy, sinister conspiracies, government plots, nationalization, destruction, and hope.”
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Laissez Faire Books (LFB) is a seminal libertarian institution that dates back to 1972, six years before I was born. In its heyday, it played a central role in the libertarian movement as the largest libertarian bookseller, a publisher of libertarian books, and an old-school social network, hosting social gatherings and other events. This was before my time.
I’d never bought a book from LFB until yesterday (the 19th). By the time I became a libertarian in my undergraduate years at Louisiana State University, after reading the work of Ayn Rand (starting with The Fountainhead) at the urging of a friend, I was able to learn about libertarianism and Austrian economics from a large and growing sea of resources online. I bought books from Amazon and the Ludwig von Mises Institute (LvMI), read online articles and blogs, and took advantage of the growing library of digitized books and other media put online and hosted by the LvMI.
Laizzez Faire Books was fading into irrelevancy and, I think, in danger of being shuttered for good as it was passed from new owner to new owner. Enter Agora Financial, the latest owner of LFB, and hopefully the organization that will oversee its resuscitation and return to relevancy. With Jeffrey Tucker at the helm as executive editor, the prospects for profitability, innovation, and spreading the message of liberty are exciting indeed.
Many, if not most, of you know Jeffrey Tucker as the editorial vice president who led the LvMI into the digital age, building it into the open-source juggernaut with a vast online and free library of liberty and a thriving community that it is today. We were sad to see him leave that beloved institution, but eager to see what he would do in charge of a for-profit publisher and bookstore. Now we’ve been given the first taste.
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