The Logic of Action One: Method, Money, and the Austrian School
The publication of this volume is a landmark in the history of the Austrian
School. Published in Edward Elgar's Economists of the Twentieth Century
series, it establishes Murray Rothbard's position as the leading Austrian
School thinker after Mises. In these essays, some new and some previously
published but hard to find, Rothbard argues that economics is a deductive
science based on the fundamental realities of action, scarcity, and the
passage of time. He engages some theoretical debates within the Austrian
School on topics such as property rights, justice, welfare, value, and
efficiency. He also discusses the Austrian approach to money and
calculation. It is a must for any Austrian and certainly anyone interested
in grappling with some of Rothbard's best theoretical work.
Volume One includes:
- I. Method
- The Mantle of Science
- What is the Proper Way to Study Man?
- Praxeology as the Method of Social Sciences
- Praxeology: The Methodology of Austrian Economic
- Praxeology, Value Judgments, and Public Policy
- In Defense of "Extreme Apriorism"
- II. The Austrian School of Economics
- The Present State of Austrian Economics
- New Light on the Prehistory of the Austrian School
- Ludwig von Mises and the Paradigm for Our Age
- Toward a Reconstruction of Utility and Welfare Economics
- Value Implications of Economic Theory
- The Myth of Efficiency
- Justice and Property Rights
- III. Money and Calculation
- The Austrian Theory of Money
- Money, the State, and Modern Mercantilism
- Austrian Definitions of the Supply of Money
- Gold vs. Fluctuating Fiat Exchange Rates
- The Case for a Genuuine Gold Dollar
- Lange, Mises and Praxeology: The Retreat from Marxism
- Ludwig von Mises and Economic Calculation Under Socialism
- The End of Socialism and the Calculation Debate Revisited
452 pp. (hb)
The Logic of Action Two: Applications and Criticism from the Austrian School
This is the second volume in Elgar's Economists of the Twentieth Century
series, and it collects some of Murray Rothbard's most important scholarly
articles on applied topics. It was Rothbard's major ambition to shore up the
scientific status of the Austrian School and, at the same time, demonstrate
the theory's radical, free-market implications for policy. This volume
contains "The Myth of Neutral Taxation," "Law, Property Rights, and Air
Pollution," "The Fallacy of the 'Public Sector'," plus an unpublished review
of Buchanan and Tullock's The Calculus of Consent, unpublished
critiques of Georgist fallacies, and much more.
Volume Two includes:
- I. Applications
- Freedom, Inequality, Primitivism, and the Division of Labor
- Restrictionist Pricing of Labor
- Mercantilism: A Lesson for Our Times
- The Myth of Neutral Taxation
- The Myth of Tax "Reform"
- Law, Property Rights, and Air Pollution
- The Fallacy of the "Public Sector"
- Statistics: Achilles' Heel of Government
- Capitalism vs. Statism
- How and How Not to Desocialize
- II. Criticism
- The Politics of Political Economists
- Breaking Out of the Walrasian Box: Schumpeter and Hansen
- Professor Rolph on the Discounted Marginal Productivity Theory
- Professor Kirzner on Entrepreneurship
- Paul Samuelson's Economics, Ninth Edition
- Heilbroner's Economic Means and Social Ends
- Buchanan and Tullock's The Calculus of Consent
- The Hermeneutical Invasion of Philosophy and Economics
- The Single Tax: Economic and Moral Implications
- A Reply to Georgist Criticisms
- The Myth of Free Banking in Scotland
- Karl Marx: Communist as Religious Eschatologist
416 pp. (hb)