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Man, Economy, and State with Power and Market: Government and Economy

4.51  ·  Rating Details  ·  560 Ratings  ·  26 Reviews
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 Mise

Hardcover, 1441 pages
Published August 13th 2004 by Ludwig Von Mises Institute (first published February 2004)
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Dec 03, 2011 David rated it it was amazing  ·  review of another edition
Shelves: economics
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 first ...more
Dec 04, 2009 Macfall rated it it was amazing
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
Aug 27, 2012 Jonathan is currently reading it  ·  review of another edition
After 100 pages, we are still in what is usually called the introduction. Golly if this guy isn't thorough.
Philip Scuderi
Sep 02, 2012 Philip Scuderi rated it it was amazing
Shelves: favorites
If you're only going to read one economics book in your lifetime, this is the one.
Sean Rosenthal
Interesting Quotes:

"Every 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 enga
Mike Lorenzetti
Nov 12, 2012 Mike Lorenzetti rated it it was ok

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.
Jason Williams
Mar 28, 2012 Jason Williams rated it it was amazing  ·  review of another edition
The Truth Shall Set You Free!
Roberto Guzman
This is by far the most useful book on economics that I have ever read. With gusto, Rothbard establishes the principles of Austrian economics from first principles and uses it to analyze a number of real-world political phenomena. With that said, it is a serious tome that is long and difficult to read. The topic is a technical one and despite Rothbard's unbelievable clarity, it requires effort to understand. If your goal is to learn economics, you can't do much better than struggle with this wor ...more
Oct 05, 2015 Todd rated it it was amazing
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
César Serradas
Aug 02, 2015 César Serradas rated it it was amazing  ·  review of another edition
«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 from the sce ...more
Eric Sexton
Aug 11, 2013 Eric Sexton rated it it was amazing
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
Oct 27, 2015 Luke rated it it was amazing
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 ...more
C.H.E. Sadaphal
Jun 05, 2015 C.H.E. Sadaphal rated it really liked it  ·  review of another edition
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 ...
Clifton Knox
Dec 03, 2015 Clifton Knox rated it it was amazing  ·  review of another edition
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.
Oct 22, 2011 Michael rated it it was amazing
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.
Ken Ndirangu
Oct 17, 2013 Ken Ndirangu rated it really liked it
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.
Zachary Moore
Nov 08, 2012 Zachary Moore rated it it was amazing
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.
May 11, 2012 Anthony rated it it was amazing
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.
Apr 13, 2016 Imperius rated it liked it
Fairly good treatise on economic theory; disagree with its Misesian monetary theory, opting for Menger's.
Travis Steward
Jan 16, 2016 Travis Steward rated it it was amazing
Total masterpiece. The complete science of economics as it should be approached and understood.
Mar 23, 2010 Julie rated it it was amazing
If I were to choose an economy for this temporal world, it would be this one. Amazing!
Oct 17, 2011 Geir rated it it was amazing  ·  review of another edition
If in doubt about the laws of economics and human action, a must-read!
Ricardo Mateus
Nov 24, 2013 Ricardo Mateus rated it it was amazing
Best book on economy I've read
Sep 03, 2013 Akhil rated it it was amazing
Very comprehensive esp on Production
Manish Gupta
Jun 16, 2012 Manish Gupta rated it it was amazing
Truly Amazing! Must read.
Jul 07, 2010 Jason rated it it was amazing
A masterpiece
Brian Ramsdell
Brian Ramsdell marked it as to-read
Jun 25, 2016
Caroline Adlerberg
Caroline Adlerberg marked it as to-read
Jun 25, 2016
Adam Keith Strahan
Adam Keith Strahan rated it it was amazing
Jun 23, 2016
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  • The Theory of Money and Credit
  • The Failure of the New Economics
  • Principles of Economics
  • Economic Science and the Austrian Method
  • The Austrian Theory of the Trade Cycle and Other Essays
  • Money, Bank Credit, and Economic Cycles
  • Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and the Government Bailout Will Make Things Worse
  • That Which Is Seen and That Which Is Not Seen
  • Our Enemy, the State
  • Defending the Undefendable
  • Economics for Real People: An Introduction to the Austrian School
  • Individualism and Economic Order
  • Against Intellectual Property
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".

More about Murray N. Rothbard...

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“One instance of this failure is the case of smoke, as well as air pollution generally. In so far as the outpouring of smoke by factories pollutes the air and damages the persons and property of others, it is an invasive act. It is equivalent to an act of vandalism and in a truly free society would have been punished after court action brought by the victims. Air pollution, then, is not an example of a defect in a system of absolute property rights, but of failure on the part of the government to preserve property rights. Note that the remedy, in a free society, is not the creation of an administrative State bureau to prescribe regulations for smoke control. The remedy is judicial action to punish and proscribe pollution damage to the person and property of others.48 In” 0 likes
“Professor Mises has keenly pointed out the paradox of interventionists who insist that consumers are too ignorant or incompetent to buy products intelligently, while at the same time proclaiming the virtues of democracy, where the same people vote for or against politicians whom they do not know and on policies which they scarcely understand. To put it another way, the partisans of intervention assume that individuals are not competent to run their own affairs or to hire experts to advise them, but also assume that these same individuals are competent to vote for these experts at the ballot box. They are further assuming that the mass of supposedly incompetent consumers are competent to choose not only those who will rule over themselves, but also over the competent individuals in society. Yet such absurd and contradictory assumptions lie at the root of every program for “democratic” intervention in the affairs of the people.12” 0 likes
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