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Author: Murray N. Rothbard
Publisher: Bubok
ISBN: 846862893X
Category : Business & Economics
Languages : en
Pages : 1506
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Book Description
The era of modern economics emerged with the publication of Carl Menger?s seminal work, Principles of Economics, in 1871. In this slim book, Menger set forth the correct approach to theoretical research in economics and elaborated some of its immediate implications. In particular, Menger sought to identify the causal laws determining the prices that he observed being paid daily in actual markets.4 His stated goal was to formulate a realistic price theory that would provide an integrated explanation of the formation of market phenomena valid for all times and places.5 Menger?s investigations led him to the discovery that all market prices, wage rates, rents, and interest rates could ultimately be traced back to the choices and actions of consumers striving to satisfy their most important wants by ?economizing? scarce means or ?economic goods.? Thus, for Menger, all prices, rents, wage, and interest rates were the outcome of the value judgments of individual consumers who chose between concrete units of different goods according to their subjective values or ?marginal utilities? to use the term coined by his student Friedrich Wieser. With this insight was born modern economics.
Author: Murray N. Rothbard
Publisher: Bubok
ISBN: 846862893X
Category : Business & Economics
Languages : en
Pages : 1506
Get Book Here
Book Description
The era of modern economics emerged with the publication of Carl Menger?s seminal work, Principles of Economics, in 1871. In this slim book, Menger set forth the correct approach to theoretical research in economics and elaborated some of its immediate implications. In particular, Menger sought to identify the causal laws determining the prices that he observed being paid daily in actual markets.4 His stated goal was to formulate a realistic price theory that would provide an integrated explanation of the formation of market phenomena valid for all times and places.5 Menger?s investigations led him to the discovery that all market prices, wage rates, rents, and interest rates could ultimately be traced back to the choices and actions of consumers striving to satisfy their most important wants by ?economizing? scarce means or ?economic goods.? Thus, for Menger, all prices, rents, wage, and interest rates were the outcome of the value judgments of individual consumers who chose between concrete units of different goods according to their subjective values or ?marginal utilities? to use the term coined by his student Friedrich Wieser. With this insight was born modern economics.
Author: Murray N. Rothbard
Publisher: Ludwig von Mises Institute
ISBN: 1933550996
Category : Economics
Languages : en
Pages : 1506
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Book Description
Rothbards great treatise and its complementary text are now combined into a single 4.5"x7" pocket edition. The full 1,500 page treatise in an easy to read and super convenient package. It might not seem possible but it is done and it works. It makes a great companion volume to Misess Human Action in pocket size, as well as the Bastiat Collection in pocket size. Murray N. Rothbards great treatise provides a sweeping presentation of Austrian economic theory, a reconstruction of many aspects of that theory, a rigorous criticism of alternative schools, and an inspiring look at a science of liberty that concerns nearly everything and should concern everyone. This edition takes this book out of the category of underground classic and raises it up to its proper status as one of the great economic treatises of all time, a book that is essential for anyone seeking a robust economic education. The captivating new introduction by Professor Joseph Salerno that frames up the Rothbardian contribution in a completely new way, and reassesses the place of this book in the history of economic thought. In Salernos view, Rothbard was not attempting to write a distinctively "Austrian" book but rather a comprehensive treatise on economics that eschewed the Keynesian and positivist corruptions. This is what accounts for its extraordinarily logical structure and depth. That it would later be called Austrian is only due to the long-lasting nature of the corruptions of economics that Rothbard tried to correct. Students have used this book for decades as the intellectual foil for what they have been required to learning from conventional economics classes. In many ways, it has built the Austrian school in the generation that followed Mises. It was Rothbard who polished the Austrian contribution to theory and wove it together with a full-scale philosophy of political ethics that inspired the generation of the Austrian revival, and continues to fuel its growth and development today. From Rothbard, we learn that economics is the science that deals with the rise and fall of civilization, the advancement and retrenchment of human development, the feeding and healing of the multitudes, and the question of whether human affairs are dominated by cooperation or violence. Economics in Rothbards wonderful book emerges as the beautiful logic of that underlies human action in a world of scarcity, the lens on how exchange makes it possible for people to cooperate toward their mutual betterment. We see how money facilitates this, and allows for calculation over time that permits capital to expand and investment to take place. We see how entrepreneurship, based on real judgments and risk taking, is the driving force of the market. Whats striking is how this remarkable book has lived in the shadows for so long. It began as a guide to Human Action, and it swelled into a treatise in its own right. Rothbard worked many years on the book, even as he was completing his PhD at Columbia University. He realized better than anyone else that Misess economic theories were so important that they needed restatement and interpretation. But he also knew that Misesian theory needed elaboration, expansion, and application in a variety of areas. The result was much more: a rigorous but accessible defense of the whole theory of the market economy, from its very foundations. But the publisher decided to cut the last part of the book, a part that appeared years later as Power and Market. This is the section that applies the theory presented in the first 1,000 pages to matters of government intervention. Issue by issue, the book refutes the case for taxation, the welfare state, regulation, economic planning, and all forms of socialism, large and small. It remains an incredibly fruitful assembly of vigorous argumentation and evidence. A major advantage of Man, Economy, and State, in addition to its systematic presentation, is that it is written in the clearest English you will find anywhere in the economics literature. The jargon is kept to a minimum. The prose is crystalline and vigorous. The examples are compelling. No one has explained the formation of prices, the damage of inflation, the process of production, the workings of interest rates, and a hundred of topics, with such energy and clarity. Over years, students have told us that this book is what made it possible for them to get through graduate school. Why? Because Rothbard takes on the mainstream in its own terms and provides a radical, logical, comprehensive answer. If you have read the book, you know the feeling that comes with reaching the last page: one walks away with the sense that one now fully understands economic theory and all its ramifications. It is a shame that the authentic edition of the classic that Rothbard wrote fully 40 years ago is only now coming into print. And yet the good news is that, at last, this remarkable work in the history of ideas, the book that makes such a technically competent, systematic, and sweeping case for the economics of liberty, is at last available. REVIEWS As the result of many years of sagacious and discerning meditation, [Rothbard] joins the ranks of the eminent economists by publishing a voluminous work, a systematic treatise on economics.... An epochal contribution to the general science of human action, praxeology, and its practically most important and up-to-now best elaborated part, economics. Henceforth all essential studies in in these branches of knowledge will have to take full account of the theories and criticisms expounded by Dr. Rothbard. Ludwig von Mises It is in fact the most important general treatise on economic principles since Ludwig von Misess Human Action in 1949. Henry Hazlitt Man, Economy, and State is Murray Rothbards main work in economic theory. It appeared in 1962, when Murray was only 36 years old. In it Murray develops the entire body of economic theory, in a step by step fashion, beginning with incontestable axioms and proceeding to the most intricate problems of business cycle theory and fundamental breakthroughs in monopoly theory. And along the way he presents a blistering refutation of all variants of mathematical economics. The book has in the meantime become a modern classic and ranks with Misess Human Action as one of the two towering achievements of the Austrian School of economics. In Power and Market, Murray analyzed the economic consequences of any conceivable form of government interference in markets. The Scholars Edition brings both books together to form a magnificent whole. Hans-Hermann Hoppe In 1972, this book was selling in hardback for $150 in current dollars. So the pocket edition, which includes Power and Market, a great index, plus improved layout, is about a fraction of the cost of the original, for a far better product.
Author: Murray Newton Rothbard
Publisher:
ISBN:
Category : Economic policy
Languages : en
Pages : 0
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Book Description
Also available via the Internet.
Author: Murray Newton Rothbard
Publisher: Kansas City [Kan.] : Sheed Andrews and McMeel
ISBN:
Category : Business & Economics
Languages : en
Pages : 330
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Book Description
Author: Murray Newton Rothbard
Publisher: Ludwig von Mises Institute
ISBN: 1610164016
Category : Economics
Languages : en
Pages : 536
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Book Description
Author: Murray N. Rothbard
Publisher: Ludwig von Mises Institute
ISBN: 1610165233
Category : Economic policy
Languages : en
Pages : 1017
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Book Description
Author:
Publisher: Ludwig von Mises Institute
ISBN: 1610164326
Category :
Languages : en
Pages : 383
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Book Description
Author: Murray Newton Rothbard
Publisher: Ludwig von Mises Institute
ISBN: 1610164350
Category : Banks and banking
Languages : en
Pages : 512
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Author: Murray Rothbard
Publisher: Ludwig von Mises Institute
ISBN: 1610165241
Category :
Languages : en
Pages : 53
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Book Description
Author: Murray N. Rothbard
Publisher: Ludwig von Mises Institute
ISBN: 9781933550008
Category : Commerce
Languages : en
Pages : 255
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Book Description
The prose of Man, Economy, and State by Murray Rothbard is as clear as a bell. But its sheer size (1441 pages!) is intimidating. After all, Rothbard systematically covers the whole of economic science. Fortunately, the young and brilliant economist Robert Murphy has come to the rescue! In writing the Study Guide to Man, Economy, and State, he had his students in mind. He wanted to design a great teaching tool, one that would reach students the same way a private tutor would. He wanted to help Rothbard's magnum opus have permanent impact on their thinking. He accomplished his goal! The guide provides a roadmap to this massive book, complete with summaries, technical notes, annotations of key contributions, and study questions. He puts it all into a manageable size, with 12 pages per chapter of the Scholar's Edition (which includes both Man, Economy, and State and Power and Market). To write a guide of this sort is harder than it looks. Murphy first had to master the material in every way, enough so that he could write short, 3-page summaries of the chapters. He then used his advanced training to discuss and elaborate some of the more technically difficult sections of the book. And because Rothbard does not often explain what is innovative in his own theories, Murphy draws attention to the unique contributions to economic science found herein. He tops it off with a series of thought-provoking questions that deal with the core lessons of each chapter. The study guide comes spiral bound for ease of use. Murphy spent more than a year writing and editing this guide. As you will see, he is an excellent teacher and he set out to do this in a way that appeals to students of all ages. One of the goals of the Mises Institute has long been to make this book accessible to everyone, particularly people who are studying economics, and especially those who are interested in Austrian economics. This powerful guide makes the text open up as never before. It is ideal for classroom use, and also for private study. Another use didn't occur to the author until after he finished it: he uses it to prepare lectures for class! He says now that he doesn't know how he taught without it before. Murphy sought to write a teaching guide but he ended up writing a manual to Man, Economy, and State that will quickly become a staple of the literature. Would that every book of this size had such a guide (and, yes, he has now completed one for Human Action too!), and would that every guide were as clear and useful as this one. Professor Murphy is an extraordinary talent with a great gift for helping students understand economics. Now he can be your teacher too. The chapters of this guide match the twelve of Man, Economy, and State and the seven of Power and Market; appendices are handled within each chapter. A typical chapter begins with a one-page summary, followed by a detailed outline, "contributions" or observations from the author, technical details, and finally, ten study guide questions. "I strongly urge all those who take Austrian economics seriously to read (at least large portions of) Rothbard’s treatise; I would go so far as to say that a modern academic cannot really call him or herself an Austrian economist without doing so. For those who may be intimidated or discouraged by the massive volume, I hope that this study guide will at least “chart the territory” and allow them to begin in those topics that most interest them. At that point, I suspect, Rothbard’s spell will overtake them and they will be compelled to read all 1,441 pages." -Robert Murphy, from the Introduction
