Murray Newton Rothbard

The Anatomy of the State

And, The Case for a 100 Percent Gold Dollar

What Has Government Done to Our Money?

A Treatise on Economic Principles

Man, Economy, and State

A survey of the world of banking discusses such topics as the impact of money supply on interest rates and stock value, why banks fail, and how banks use money

The Mystery of Banking

Applied Austrian economics doesnt get better than this. Murray N. Rothbards Americas Great Depression is a staple of modern economic literature and crucial for understanding a pivotal event in American and world history. The Mises Institute edition features, along with a new introduction by historian Paul Johnson, top-quality paper and bindings, in line with the standard set by The Scholars Edition of Human Action. Since it first appeared in 1963, it has been the definitive treatment of the causes of the depression. The book remains canonical today because the debate is still very alive. Rothbard opens with a theoretical treatment of business cycle theory, showing how an expansive monetary policy generates imbalances between investment and consumption. He proceeds to examine the Feds policies of the 1920s, demonstrating that it was quite inflationary even if the effects did not show up in the price of goods and services. He showed that the stock market correction was merely one symptom of the investment boom that led inevitably to a bust. The Great Depression was not a crisis for capitalism but merely an example of the downturn part of the business cycle, which in turn was generated by government intervention in the economy. Had the 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.

America's Great Depression

For a New Liberty: The Libertarian Manifesto

Rothbard's posthumous masterpiece is the definitive book on the Progressives. It will soon be the must read study of this dreadful time in our past. — From the Foreword by Judge Andrew P. Napolitano The current relationship between the modern state and the economy has its roots in the Progressive Era. — From the Introduction by Patrick Newman Progressivism brought the triumph of institutionalized racism, the disfranchising of blacks in the South, the cutting off of immigration, the building up of trade unions by the federal government into a tripartite big government, big business, big unions alliance, the glorifying of military virtues and conscription, and a drive for American expansion abroad. In short, the Progressive Era ushered the modern American politico-economic system into being. — From the Preface by Murray N. Rothbard

The Progressive Era

Murray N. Rothbard

strong Rothbard vs. the Crazies strong ... Please update the following description "strong Rothbard vs. the Crazies strong All evidence points to the superiority of the libertarian ideal private property, capitalism, international trade, laissez faire but something is keeping the world from embracing it. That something is wrong headed ideology, some philosophical error grown into a massive system of thought, an agenda that if unleashed would mutilate and crush civilization as we know it. Murray Rothbard had a nose for such error. And when he smelled it, he wrote it up, exposed its underside, refuted its logic, and obliterated its intellectual foundation. Thats why he was so hated and so loved. He is so relentless that it makes the reader squirm. But he also teaches and inspires. Consider, for example, "anarcho socialism." Here is an ideology that hates the state. Fine so far. Problem: it is an ideology that hates private property even more. In fact, these people believe that the state is the only reason private property exists. Rothbard writes: "They totally fail to realize that the State has always been the great enemy and invader of the rights of property Furthermore, scorning and detesting the free market, the profit and loss economy, private property, and material affluence all of which are corollaries of each other Anarcho Communists wrongly identify anarchism with communal living, with tribal sharing, and with other aspects of our emerging drug rock youth culture." Or here is another: those people who are forever complaining about the "ugliness" and "brutality" of urban commercial life. Rothbard writes: "My own observation is that most of the bellyachers about the ugliness of our cities and singers of paeans to the unspoiled wilderness stubbornly remain ensconced in these very cities. Why dont they leave? There are, even today, plenty of rural and even wilderness areas for them to live in and enjoy. Why dont they go there and leave those of us who like and enjoy the cities in peace. Furthermore, if they got out, it would help relieve the urban overcrowding which they also complain about." And we have all heard about oppression of women under marriage. Well, listen to Rothbards take on it: "The women militants who complain that they are stuck with the task of raising the children should heed the fact that, in a world without marriage, they would also be stuck with the task of earning all the income for their childrens support. I suggest that they contemplate this prospect long and hard before they continue to clamor for the abolition of marriage and the family." And what of those who say parents should just let their kids do whatever they want and to discipline them is a violation of their rights? Thus saith Rothbard: "The overriding fact of parent child relations is that the child lives on the property of his parents. The child lives either in a house owned by his parents or in an apartment rented by them. Therefore, as in the case of any other guest living on someone else property, he must obey the rules set down by the property owners for remaining on that property. In short, the parents have the perfect legal and moral right to lay down the rules for their children, just as they would have the right to lay down rules for the behavior of their longstanding house guest, Uncle Ezra." So it goes through this wonderful book called "Egalitarianism as a Revolt. Against Nature, and Other Essays." It might just be the wildest Rothbard romp ever. Fully armed, he slices and dices crazies of all sorts, from those who would level all incomes to those who would free all peoples of the world through bombings and nuclear war. This is Rothbard providing the reader a strong does of sanity against the hordes of ideological fanatics who care not a knit for reality or reason. But Rothbard is not one of those thinkers who, like Russell Kirk, conclude that ideology is itself a bad thing. On the contrary, Rothbard believes that ideology is critical for the defense of liberty: we must organize our ideas to make sense of the world and to have an agenda for the future. Thus does this book also include outstanding pieces of positive theory, including "Justice and Property Rights," "War, Peace, and the State," and "Left and Right: The Prospects for Liberty." It concludes with his rallying cry: "Why Be Libertarian?" With all the political books out there, each with a partisan spin, its wonderful to read a thinker who doesnt fear exposing the errors of left and right, measuring anyone and everyone against the great benchmark of theidea of liberty.

Egalitarianism as a Revolt Against Nature, and Other Essays

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 book remains canonical today because the debate is still very alive. This book applies Austrian business cycle theory to understanding the onset of the 1929 Great Depression. Rothbard first summarizes the Austrian theory and offers a criticism of competing theories, including the views of Keynes. Rothbard then considers Federal Reserve policy in the 1920s, showing its inflationary character. The influence of Benjamin Strong, the Governor of the New York Federal Reserve Bank, was especially important. In part, his expansionary policy was motivated by his desire to help Britain sustain the pound. Strong was close friends with Montagu Norman, the Governor of the Bank of England. After the 1929 crash, Herbert Hoover followed an interventionist policy that prefigured the New Deal. He favored keeping wage rates high and thus contributed to rising unemployment. Against the popular stereotype, Rothbard shows that Hoover was not a partisan of laissez-faire.

Economic Depressions: Their Cause and Cure

Recep Tapramaz

Özgürlüğün etiği

"By far the most secret and least accountable operation of the federal government is not, as one might expect, the CIA, DIA, or some other super-secret intelligence agency. They are accountable: a Congressional committee supervises these operations, controls their budgets, and is informed of the covert activities. It is little known that there is a federal agency that tops the others in secrecy by a country mile. The Federal Reserve System is accountable to no one; it has no budget; it is subject to no audit; and no Congressional committee knows or, or can truly supervise, its operations. The Federal Reserve, virtually in total control of the nation's vital monetary system, is accountable to nobody--and this strange situation, if acknowledged at all, is invariably trumpeted as a virtue"--Page 4 of cover.

The Case Against the Fed

Government and the Economy

Power and Market

Aun no tratándose de una de sus obras más reconocidas, Rothbard acierta a concretar en estas breves páginas las razones po las que se considera un enemigo del Estado y todo lo que representa. El libertario americano detalla cómo el Estado ostenta una peligrosa capacidad de reducir la libertad individual, destruir la civilización, y amenazar la propiedad privada, cimiento tanto del bienestar humano como de toda ética seria.

Murray Newton Rothbard

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