The audiobook version is coming soon.
This book is about the birth of the corporatist state in America. It did not occur instantaneously or even within a couple of years; it spanned the eight decades from the collapse of the Jacksonian Democrats in 1849 to the pervasive dominance of Wall Street and big business before the Great Depression. The evolution of the government into a powerful cartelizer of the economy—finance, transportation, manufacturing, labor, food, and drugs—required multiple stages of myriad special interests persistently lobbying to reduce competitive market pressures. It required cronyism: government intervention that benefits special interests at the expense of public interest.
Patrick is and assistant teaching professor of economics at the University of Tampa and Murray N. Rothbard Research Fellow at the Mises Institute. He completed his PhD in the Department of Economics at George Mason University.
Dr. Patrick Newman speaks to Bob about his new book, which reviews how big business built the regulatory state, the Fed, and cartels like the AMA, all justified in the name of the "public interest."
In 1962, despite professional and institutional obstacles, Man, Economy, and State was finally published. With it, Rothbard greatly advanced the Austrian tradition and firmly positioned himself as Mises’s heir.
