The Human Action Podcast

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Man, Economy, and State: Exchange and Prices

  • The Human Action Podcast

Tags Free MarketsPraxeologyPrices

07/10/2020Jeff DeistJonathan Newman

Professor Jonathan Newman joins the show to discuss exchange and prices through the lens of Rothbard's Man, Economy, and State (chapters 2–4). This is vintage Rothbard: precise definitions; hardcore explanations of property, prices, and exchange; the problems of "hegemonic" state violence;  and a "beautiful" (per Dr. Newman) conception of social cooperation. Menger and Mises are important in this discussion too, as Rothbard elaborates on the origins of money and the Regression Theorem. Don't miss this great show!  

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Man, Economy, and State: Exchange and Prices

Additional Resources

Dr. Joe Salerno's introduction to Man, Economy, and State:

Man, Economy, and State:


Note: The views expressed on are not necessarily those of the Mises Institute.

Contact Jeff Deist

Jeff Deist is president of the Mises Institute. He previously worked as chief of staff to Congressman Ron Paul, and as an attorney for private equity clients. Contact: email; twitter.

Contact Jonathan Newman

Jonathan Newman is Assistant Professor of Economics and Finance at Bryan College and an Associated Scholar of the Mises Institute. He earned his PhD at Auburn University while a Research Fellow at the Mises Institute. 

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