Man, Economy, and State
A pillar of the Austrian School Library and the last full-blown treatise on economics. If Mises's Human Action was the culmination of the School from Menger's time, Rothbard's treatise takes Austrian thought even further in the areas of utility and welfare economics, antitrust, labor, taxation, public goods, and social insurance schemes. Inconsistencies are ironed out and...more
Paperback, 987 pages
Published June 15th 1993 by Ludwig Von Mises Inst
(first published 1962)
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The only book that tops this one is Human Action by Mises himself. The book is not for the faint of heart or the faint of mind and determination because you will need all three to get through this book. However, if you do, you will have increased your knowledge of the world beyond belief! Not just in economics, but in almost every avenue of life. Like I said, the only thing that beats this book from Rothbard is Human Action.
Man, Economy, and State epitomizes and depicts the true essence of the Austrian School of Economics. Murray Rothbard successfully accumulates comprehensively through and through the key fundamentals in the methodological individualist approach to economics established by the study of praxeology. Praxeology is the study of human action, so it symbolizes the act of purposeful behavior. In physics, mathematics establishes critical components of unmotivated behavior of inanimate entities whereas in...more
Five stars doesn't do this book justice. Walter Block said it best when he called Man, Economy, and State "excruciatingly brilliant." Once I finished the book I had to force myself not to start all over from the beginning to relive the brilliance. Throughout the book I imagined Rothbard conducting a symphony that started soft and quiet but grew and grew as more of economic truth was revealed and the crescendo reached its climactic ending with Rothbard hurling lightning bolts at the violent inter...more
Murray Newton Rothbard was an influential American historian, natural law theorist, Aristotelian 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".More about Murray N. Rothbard...