The political theorist Douglas W. Rae argues that to get the advantages of Hayekian freedom, everybody should be guaranteed a minimum amount of resources so that they can fully participate in the market.
Providing the opening for Mises’s great methodological work gave Rothbard the opportunity to set down his perspective on the importance of the praxeological method.
The division of labor promotes peaceful exchange and continues peace. But this can all break down when governments intervene to prevent peaceful interaction and when government incompetence promotes violence.
