Ebook Download Man, Economy, and State with Power and Market, by Murray N. Rothbard
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Man, Economy, and State with Power and Market, by Murray N. Rothbard
Ebook Download Man, Economy, and State with Power and Market, by Murray N. Rothbard
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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.
- Sales Rank: #779762 in eBooks
- Published on: 2013-01-19
- Released on: 2013-01-19
- Format: Kindle eBook
About the Author
Murray N. Rothbard (1926-1995) distinguished himself as an economist, writing a major treatise on theory, several important economic histories, and a highly praised history of economic thought. But he was also known as the pioneer thinker of libertarianism, the political philosophy that roots freedom in private property ownership and decries the state as inherently contrary to the ethics of a free society. Writing from this perspective, he gained a reputation as the most provocative and influential contributor to the anarchist tradition in our century.
Most helpful customer reviews
67 of 72 people found the following review helpful.
Absolutely essential
By thomas crown
This was the first work of Rothbard I had read. I did not know if this would be the best of places to start, as others had mentioned Mises "Human Action" as a great introduction to Austrian economics as well. If you are in the same situation as I was, let me tell you this is an excellent tome to begin with. Rothbard has added to, and improved upon many of Mises teachings with this work. Rothbard starts with absolute foundation for human action, and from here, builds up his theory piece by piece. Again, I thought I might be in over my head with this book, but the pace is excellent and never leaves the reader behind. Rothbard has taken the Austrian school of thought, reworked many of the ideas, and turned out a much more cohesive and solidified theory of economics based on praxeology. The authors references/annotations appear at the bottom of each page, which I find extremely convenient, as flipping to the back of a 1400 page book every time you wanted additional information would be quite bothersome.
I have since completely reworked my views on production, interest, and monopoly theory. Really, this is a stellar piece of work, and I can't do it enough justice with the review here. Suffice it to say, if you have not had an opportunity to read Mises or Rothbard, their ideas will really challenge, and more likely than not, change your perspective on economics in dramatic fashion. I am just sorry that I did not have the opportunity to study the Austrian school more thoroughly in college.
The construction of the book is also top notch. After reading, and re-reading, through the book's 1400 pages or so (and subjecting it to other abuses like spilled coffee), the bindings/covers are still holding strong. This is a book that you will want to have for quite some time and revisit often. The margins are also wide enough to add your own annotations, which I love to do with works of this nature.
43 of 46 people found the following review helpful.
What a beast of a book.
By William E. Liberatore
I am a college graduate though not in economics. This book was a beast to read... all 1369 pages of it! The kicker though? I did it... and I actually got some (hopefully a good bit) of it. Rothbard gets the message across even to someone with no real background in economics and in a way that I actually was able to hang in for the entire 1369 pages. I couldn't do it with Mises, I was lost 60 pages into Human Action. This book is not for the faint of heart and you most likely are not going to finish it in an hour and a half, but if you do finish it... you'll come out with a much better understanding of the free market.
0 of 0 people found the following review helpful.
Must read for anyone interested in politics.
By Amazon Customer
Very accessible for readers of every level. Rothbard's systematic critique of capitalism leaves the reader understanding the basic fundamentals of the system, it's complex dynamics, and it's moral superiority to any other system. The inclusion of "markets and power" is a fantastic addition that will leave readers of any political affiliation questioning the state, it's role, and their own political identity.
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