Audiobook coming shortly.
The goal of this book is to fill the gap in Rothbardian scholarship and present an intellectual biography that shows Rothbard’s evolution from a neoclassical graduate student to a pioneer in Austrian economics. Our thesis is twofold. First, Mises was correct: Man, Economy, and State represents “an epochal contribution” to praxeology. The mainline of Austrian economics runs from the seminal writings of Carl Menger through Böhm-Bawerk to Mises and Hayek and then to Rothbard. Second, the culmination of Rothbard’s efforts was the creation of a postwar theoretical edifice that rivaled both the neoclassical synthesis and the Chicago School and was distinctly different from neoclassical economics. Given these contributions, Rothbard is Mises’s most important successor, or heir.
Murray N. Rothbard: The Making of an Austrian Economist is written for everyone interested in Rothbard’s economic theory and Austrian economics in general. We hope it will serve as a useful complementary volume to Man, Economy, and State by elucidating Rothbard’s many contributions and the process by which he developed an integrated structure of economic theory using the praxeological method.
—From the introduction
Joseph Salerno is academic vice president of the Mises Institute, professor emeritus of economics at Pace University, and editor of the Quarterly Journal of Austrian Economics.
The Theory and Method faculty panel takes questions from Mises University students.
Rent control's cruelest irony: it makes discrimination cheaper. Joseph Salerno on the long-run effects of price caps that almost no one sees coming.
Why is water nearly free while diamonds cost millions, when you'd die in three days without one and never miss the other? In 1871, Carl Menger finally solved it.
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.
Murray Rothbard wasn't born an Austrian economist. Patrick Newman on how a Columbia-trained mainstream PhD became Mises's heir—in the hundredth year since Rothbard's birth.
The Policy and History faculty panel takes student questions on the state of the movement and the prospects for freedom.
The Fed was sold as a check on Wall Street's power. Wall Street's share of the nation's bank reserves went up after it passed, not down. Patrick Newman on the Federal Reserve as cronyism.
