Mises Review 1, No. 2 (Summer 1995) AN AUSTRIAN PERSPECTIVE ON THE HISTORY OF ECONOMIC THOUGHT, VOLS I & II Murray N. Rothbard Edward Elgar, 1995, xvi + 556 pp. nothing wrong with consumption. This difference led to a crucial split in the growth of economics, between utility and cost-of-production theories of price. I fear
impalpable goal. Given this principle, Roemer’s pining for the glorious days of economicgrowth under Comrade Stalin becomes understandable (p. 43). And just why should
America, and Africa can do so as well? Brimelow thinks not: he fears that the growth of racial enclaves will polarize the United States into what an earlier writer position, to use Derek Parfit’s term in his Reasons and Persons . But what of the economic advantages of immigration? Does not free movement across borders promote the
revolution.” Developments in science and technology, along with the attendant growth of large corporations, have in the 20th century made old-fashioned capitalism, who, he shows, are not allies of the Right, but its enemies. Those whose economics has been shaped by the Austrian School will not look with complete favor on thesis of managerial dominance, if so inclined, while remaining true to Austrian economics. To do this, all one need do is drop the assumption that technological
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.