Happy Birthday, Murray!

Today would have been Murray Rothbard’s ninety-fifth birthday. He was an unforgettable friend whose immense knowledge of many different fields was unsurpassed in my experience. In a lecture on the Austrian theory of the business cycle, he mentioned the common objection that the expansion of bank credit might have no effect if investors anticipated trouble. After the lecture, I asked whether Mises had answered this point.

4. From the Malthusian Trap to the Industrial Revolution: An Explanation of Social Evolution

I. Economic Theory

For economic theory the question of how to increase wealth and get rich has a straightforward answer.

Part One: Human Development, Property, and Politics

3. The Origin of Private Property and the Family

I. The Setting: History

It is reasonable to begin human history 5 million years ago, when the human line of evolutionary descent separated from that of our closest non-human relative, the chimpanzee. It is also reasonable to begin it 2.5 million years ago, with the first appearance of Homo habilis; or 200,000 years ago, when the first representative of “anatomically modern man” madehits appearance; or 100,000 years ago, when the anatomically modern man had become the standard human form.