Murray N. Rothbard Applied Austrian economics doesn't get better than this. Murray N. Rothbard's America's Great Depression is a staple of modern economic literature and crucial for understanding a pivotal event in American and world history. The Great Depression was not a crisis for capitalism but merely an example of the downturn part of the business cycle, which was generated by government intervention in the economy. Had this book appeared in the 1940s, it might have spared the world much grief. Even so, its appearance in 1963 meant that free-market advocates had their first full-scale treatment of this crucial subject. The damage to the intellectual world inflicted by Keynesian- and socialist-style treatments would be limited from that day forward.
Murray N. Rothbard In For a New Liberty: The Libertarian Manifesto, Rothbard proposes a once-and-for-all escape from the two major political parties, the ideologies they embrace, and their central plans for using state power against people. Libertarianism is Rothbard's radical alternative that says state power is unworkable and immoral, and ought to be curbed and finally overthrown. To make his case, Rothbard deploys his entire system of thought: natural law, natural rights, Austrian economics, American history, the theory of the state, and more. Society without the nation-state? Rothbard shows that this is the way for peace, prosperity, security, and freedom for all. In the entire history of libertarian ideas, no book has more successfully combined ideological rigor, theoretical exposition, political rhetoric, historical illustration, and strategic acumen.
Rothbard poured a lifetime of research and all his intellectual energy into this project, and he succeeded in writing a classic. He shows that the state creates social and economic problems and then further intervenes to make these problems worse than ever - while increasing its power at the expense of everyone else. He is particularly good at highlighting who really benefits from government regulation: usually it is the largest corporations who are attempting to rig the game in their favor. The book is still regarded as "dangerous" percisely because, once the exposure to Rothbardianism takes place, no other book on politics, economics, history, or sociology can be read the same way again.
Murray N. Rothbard The Mises Institute is pleased to present this audio edition of Rothbard's most famous monetary essay - the one that has influenced two generations of economists, investors, and business professionals. The Mises Institute has united this book with its natural complement: a detailed reform proposal for a 100 percent gold dollar. "The Case for a 100 Percent Gold Dollar" was written a decade before the last vestiges of the gold standard were abolished. Rothbard's unique plan for making the dollar sound again still holds up. Some people have said that Rothbard tells us what is wrong with money but not what to do about it. Well, with the addition of this essay, the problem and the answer are united in a comprehensive whole.
After presenting the basics of money and banking theory, Rothbard traces the decline of the dollar from the 18th century to the present and provides lucid critiques of central banking, New Deal monetary policy, Nixonian fiat money, and fixed exchange rates. He also provides a blueprint for a return to a 100 percent reserve gold standard. The book made huge theoretical advances. Rothbard was the first to prove that the government, and only the government, can destroy money on a mass scale, and he showed exactly how they go about this dirty deed. But just as importantly, it is beautifully written. He tells a thrilling story because he loves the subject so much.The passion that Murray Rothbard feels for the topic comes through in the prose and transfers to the reader. Readers become excited about the subject and tell others. Students tell professors. Some, like the great Ron Paul of Texas, have even run for political office after having read it.
Murray N. Rothbard In what is sure to become the standard account, Rothbard traces inflations, banking panics, and money meltdowns from the colonial period through the mid-20th century to show how government's systematic war on sound money is the hidden force behind nearly all major economic calamities in American history.
Never has the story of money and banking been told with such rhetorical power and theoretical vigor. You will treasure this volume.
From the introduction by Joseph Salerno:
"Rothbard employs the Misesian approach to economic history consistently and dazzlingly throughout the volume to unravel the causes and consequences of events and institutions ranging over the course of US monetary history, from the colonial times through the New Deal era. One of the important benefits of Rothbard's unique approach is that it naturally leads to an account of the development of the US monetary system in terms of a compelling narrative linking human motives and plans that oftentimes are hidden and devious, leading to outcomes that sometimes are tragic. And one will learn much more about monetary history from reading this exciting story than from poring over reams of statistical analysis. Although its five parts were written separately, this volume presents a relatively integrated narrative, with very little overlap, that sweeps across 300 years of US monetary history."
Murray N. Rothbard New Edition, with new introduction!
Murray N. Rothbard's great treatise Man, Economy, and State and its complementary text, Power and Market, are here combined into a single audiobook edition as they were written to be. It provides a sweeping presentation of Austrian economic theory, a reconstruction of many aspects of that theory, a rigorous criticism of alternative schools, and an inspiring look at a science of liberty that concerns nearly everything and should concern everyone.
The Mises Institute's new edition of Man Economy, and State, united with its formerly sundered companion volume, Power and Market, is a landmark in the history of the institute. It takes this book out of the category of underground classic and raises it up to its proper status as one of the great economic treatises of all time, a book that is essential for anyone seeking a robust economic education.
The captivating new introduction by Professor Joseph Salerno frames up the Rothbardian contribution in a completely new way and reassesses the place of this book in the history of economic thought. In Salerno's view, Rothbard was not attempting to write a distinctively "Austrian" book but rather a comprehensive treatise on economics that eschewed the Keynesian and positivist corruptions. This is what accounts for its extraordinarily logical structure and depth. That it would later be called Austrian is only due to the long-lasting nature of the corruptions of economics that Rothbard tried to correct.
For years the Mises Institute has kept it in print and sold thousands of copies in a nice paperback version. Then we decided to take a big step and put out an edition worthy of this great treatise. It is the Scholar's Edition of Man, Economy, and State - an edition that immediately became definitive and used throughout the world. The index is huge and comprehensive.
Murray N. Rothbard Talk about great timing. Rothbard's extraordinary book unravels the mystery of banking: What is legitimate enterprise and what is a government-backed shell game that can't last? His explanation is clear enough for anyone to follow and yet precise and rigorous enough to be the best textbook for college classes on the topic. This is because its expository clarity - in its history and theory - is essentially unrivaled.
Most notably, he uses the T-account method of explaining the relationship between deposits and loans, showing the inherent instability of fractional reserve banking and how it sets the stage for centralization, inflation, and the boom-bust cycle.
But there is more here. It is an explanation of money's origins and its meaning in the free market. The abstract theory is here but always with real application in history and in modern banking practice. Never does a paragraph go by without an example drawn from his massive knowledge of the subject.
Even further, he explains the integration between microeconomics and the business cycle. As Douglas French writes in the introduction: "Although first published 25 years ago, Murray Rothbard's The Mystery of Banking continues to be the only book that clearly and concisely explains the modern fractional reserve banking system, its origins, and its devastating effects on the lives of every man, woman, and child. It is especially appropriate in a year that will see: a surge in bank failures, central banks around the globe bailing out failed commercial and investment banks, double-digit inflation rates in many parts of the world and hyperinflation completely destroying Zimbabwe's economy, that a new edition of Rothbard's classic work be published and made available through the efforts of Lew Rockwell and the staff at the Ludwig von Mises Institute. Priced affordably for students and laymen interested in the vagaries of banking and how inflation and business cycles are created."
Murray N. Rothbard In this previously unpublished manuscript, found in the Rothbard Archives, Rothbard deftly turns the tables on the supporters of big government and their mandate for control of research and development in all areas of the hard sciences. What R&D should be encouraged and funded, what inventions should be supported, and what areas should be given research grants, etc.? These decisions can be decided only by markets unburdened by government meddling and intervention. Rothbard shows that science best advances under the free market: The claims to the contrary of the centralizers are spurious. The best course of action for government is to get out of the way....
Murray N. Rothbard The new single-volume edition of Conceived in Liberty is here! After so many years of having to juggle four volumes, the Mises Institute has finally put it all together in a single book. This makes it easier to listen to and makes clearer just what a contribution this book is to the history of libertarian literature.
There's never been a better time to remember the revolutionary and even libertarian roots of the American founding, and there's no better guide to what this means in the narrative of the colonial period than Murray Rothbard. For anyone who thinks of Murray Rothbard as only an economic theorist or political thinker, this giant book is something of a surprise. It is probably his least known treatise. It offers a complete history of the colonial period of American history, a period lost to students today, who are led to believe American history begins with the US Constitution.
Rothbard's ambition was to shed new light on colonial history and show that the struggle for human liberty was the heart and soul of this land from its discovery through the culminating event of the American Revolution. These volumes are a tour de force, enough to establish Rothbard as one of the great American historians.
This book is a detailed narrative history of the struggle between liberty and power, as we might expect, but it is more. Rothbard offers a third alternative to the conventional interpretive devices. Against those on the right who see the American Revolution as a "conservative" event and those on the left who want to invoke it as some sort of protosocialist uprising, Rothbard views this period as a time of accelerating libertarian radicalism. Through this prism, Rothbard illuminates events as never before.
The volumes were brought out in the 1970s, but the odd timing and uneven distribution prevented any kind of large audience. They were beloved only by a few specialists, and sought after by many....
Murray N. Rothbard For Murray Rothbard, libertarianism wasn't an intellectual parlor game, nor was it a personal affectation: for him, it was a banner that was meant to be carried into battle. Ever the happy warrior, he sought to bring the radical libertarian perspective to bear on the events of the day, and it was a task he delighted in. From 1967 thru 1968, Rothbard churned out 58 columns for the Freedom Newspapers, addressing the campus revolt; the massive antiwar demonstrations; the Six-Day War between Israel and the Arab powers; the Newark riots; the Vietnam War; the persecution of H. Rap Brown, the assassination of Martin Luther King, the abdication of Lyndon Baines Johnson, the rise of Richard Nixon - in those two crucial years there was, as they say, never a dull moment.