Man, Economy, and State with Power and Market

Man, Economy, and State with Power and Market

Murray N. Rothbard / Apr 09, 2020

Man Economy and State with Power and Market Murray N Rothbard s great treatise Man Economy and State and its complementary text Power and Market provides a sweeping presentation of Austrian economic theory a reconstruction of many aspects of

  • Title: Man, Economy, and State with Power and Market
  • Author: Murray N. Rothbard
  • ISBN: 9788468628936
  • Page: 257
  • Format: Kindle Edition
  • Murray N Rothbard s great treatise Man, Economy, and State and its complementary text Power and Market 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 MiseMurray N Rothbard s great treatise Man, Economy, and State and its complementary text Power and Market 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 for the first time 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 revealing new introduction by Joseph Stromberg uses material from the Rothbard Archives, including his personal notes during the research and writing phases, to reconstruct the intellectual setting in which the book was written, and its initial and widening impact For years, the Mises Institute has kept it in print and sold thousands of copies in a nice paperback version Now in our twentieth year, 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 will immediately become definitive and used throughout the world The footnotes which are so brilliant and informative are at the bottom of every page The index is huge and comprehensive The binding is impeccable and its beauty unmatched Students have used this book for decades as the intellectual foil for what they have been required to learning from conventional economics classes In many ways, it has built the Austrian school in the generation that followed Mises It was Rothbard who polished the Austrian contribution to theory and wove it together with a full scale philosophy of political ethics that inspired the generation of the Austrian revival, and continues to fuel its growth and development today From Rothbard, we learn that economics is the science that deals with the rise and fall of civilization, the advancement and retrenchment of human development, the feeding and healing of the multitudes, and the question of whether human affairs are dominated by cooperation or violence Economics in Rothbard s wonderful book emerges as the beautiful logic of that underlies human action in a world of scarcity, the lens on how exchange makes it possible for people to cooperate toward their mutual betterment We see how money facilitates this, and allows for calculation over time that permits capital to expand and investment to take place We see how entrepreneurship, based on real judgments and risk taking, is the driving force of the market What s striking is how this remarkable book has lived in the shadows for so long It began as a guide to Human Action, and it swelled into a treatise in its own right Rothbard worked many years on the book, even as he was completing his PhD at Columbia University He realized better than anyone else that Mises s economic theories were so important that they needed restatement and interpretation But he also knew that Misesian theory needed elaboration, expansion, and application in a variety of areas The result was much a rigorous but accessible defense of the whole theory of the market economy, from its very foundations But the publisher decided to cut the last part of the book, a part that appeared years later as Power and Market This is the section that applies the theory presented in the first 1,000 pages to matters of government intervention Issue by issue, the book refutes the case for taxation, the welfare state, regulation, economic planning, and all forms of socialism, large and small It remains an incredibly fruitful assembly of vigorous argumentation an

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    About "Murray N. Rothbard"

      • Murray N. Rothbard

        Murray Newton Rothbard was an influential American historian, natural law theorist and economist of the Austrian School who helped define modern libertarianism Rothbard took the Austrian School s emphasis on spontaneous order and condemnation of central planning to an individualist anarchist conclusion, which he termed anarcho capitalism.


    1. A masterpiece on economics presented in a logical, well-organized format that establishes basic foundational principals, then builds to define more progressively complex ideas. While much of the work follows the principles of Mises and Human Action: A Treatise on Economics, this work is far more readable and better organized. If you have read Human Action, you must read Man, Economy & State to complete the picture. If you have not read Human Action, you may want to read Rothbard’s work fir [...]

    2. This book essentially contains the entire discipline of economics, the way it would be taught in a sane and rational world. In Man, Economy, and State, Rothbard builds an impenetrable case for the market economy, from the most basic axiom of purposeful human action to its furthest implications in all types of human interaction. In the appended Power and Market, he demonstrates the destructive nature of political power, and delivers a crushing blow to statism in all its forms.Rothbard's style is [...]

    3. Murray Rothbard is fantastic!It is because of Murray Rothbard's passionate writing that I became a Libertarian. It is because of Rothbard's arguments that I became an anarchist. It is because of Rothbard's philosophy that I stayed one through out the years. Do not read this book unless you are prepared for the possibility of losing your faith in the State and becoming to an Anarchist.

    4. Starts somewhat slow. He really hammers on simple points and seems somewhat emotional about what should be a scientific topic.He also seems to spend a lot of time taking opposing viewpoints to their extreme in order to refute them as, therefore, nonsensical.

    5. A must read. One of few works in the 20th century covering economic theory with such an ambitious scope and scale, and doing so with admirable clarity and relative brevity. Much of the work will be non-controversial for those with a minimum understanding of economics. Rothbard describes himself as a disciple of Austrian economist Ludwig von Mises, and as such, he expands, explores, and improves on many Austrian economic ideas.Rothbard largely divides his work into his main portion, economics in [...]

    6. «Such are the laws that praxeology presents to the human race. They are a binary set of consequences: the workings of the market principle and of the hegemonic principle. The former breeds harmony, freedom, prosperity, and order; the latter produces conflict, coercion, poverty, and chaos. Such are the consequences between which mankind must choose. In effect, it must choose between the “society of contract” and the “society of status.” At this point, the praxeologist as such retires fro [...]

    7. Interesting Quotes:"Every individual constantly engaged in planning. This planning may range from an impressive investment in a new steel plant to a small boy's decision to spend two cents on candy, but it is planning nevertheless. It is erroneous, therefore, to assert that a free market society is 'unplanned'; on the contrary, each individual plans for himself." -Murray Rothbard, Man, Economy, and State"[W]hile knowledge is a limit, capital is a narrower limit[W]hile capital cannot engage in pr [...]

    8. One of the last great systematic treatises of economic thought published post World War 1. This books crafts a well-thought foundation for economic thought. Building off of human action in an economy of scarce resources, it breaks down how entrepreneurship, real value judgements, and risk taking drives the market. It will be an enjoyable and informative read for anybody who enjoys praxeology, human action, and economics. If you have the chance, do not abnegate yourself the pleasure of reading th [...]

    9. The bottom line: A complete and well-developed discourse on Austrian economics.Murray N. Rothbard’s Man Economy and State is a sweeping presentation of Austrian economic theory. In fact, one could call this the “Bible” of Austrian economics given the books breadth, complexity, and no-stone-left-unturned philosophy.Rothbard essentially deduces the theory behind chesadaphal/man-econom

    10. Economics Explained!This is not just a book on economics, for me it's the ultimate reference guide especially for economic issues involving government, efficiency and the free market system in general. It's logical no maths common sense approach to critically thinking through how the world ought to work.

    11. The author present pretty common knowledge of some basic principles of free market economics, but the contradictions through this work clouds whatever message he is trying to deliver. You will also not get an honest critique of socialism, history, or science even. He will often conflate state-capitalism with all forms of socialism, and he would say history and science is irrelevant to economics at his own convenience.

    12. Like all of Rothbard's work, MES is written in crystal clear English. Indeed, Rothbard had a knack for condensing complex economic theories into a much clearer form which is more digestible to the educated layman. MES essentially spells out the praxeological theory of Ludwig von Mises in much more concise terms. There are, however, some notable divergences from the pure Misesian approach. Foremost of which would be Rothbard's treatment of monopoly and, although it doesn't deal with economics, hi [...]

    13. It's a lengthy book, but is amazingly clear and concise in its message. Rothbard starts from the premise that humans must always act. Even leisure is a conscious decision to not act or act in a manner that is not productive. From that premise, he eloquently describes the interactions between individuals and how there are only two types of interactions, voluntary and coerced. He thoroughly details the consequences of both.

    14. This book is the last of the great Economic Treatises. It builds on the basic praxeological assumption that humans act purposefully and, on this simple foundation, Rothbard constructs an elaborate view of the economy right before the reader's eyes. This book, a classic in the so-called Austrian tradition, is worthwhile to those even outside this school of thought.

    15. Rothbard's treatise is a must for anyone looking to build a library of Austrian economics. I found his treatment of the problem of monopoly to be novel and convincing as well as his discussion of the nature of psychic gain. A very strong work, lengthy, but easy to read as are most of Rothbard's works.

    16. Man, Economy, and State is everything one needs to know about austrian economics. Power and Market contains a critique of almost all government intervention. A bible.

    17. This is a very long book, 1000+ pages. I took a brake to finish two other books I had started. I will get back to it because their is so much there to learn. Will update when I get back to it

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