Coming soon: audiobook and for purchase in the Mises Bookstore.
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.
With advances in the Austrian theory of the business cycle, Rothbard finally completed the monumental task of deducing the entire corpus of economic theory using the praxeological method.
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.
