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Man, Economy, and State: With Power and Market - Scholar's Edition Hardcover – March 10, 2009


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Product Details

  • Hardcover: 1440 pages
  • Publisher: Ludwig von Mises Institute; 2nd edition (March 10, 2009)
  • Language: English
  • ISBN-10: 1933550279
  • ISBN-13: 978-1933550275
  • Product Dimensions: 9.3 x 6.3 x 2.6 inches
  • Shipping Weight: 3.8 pounds (View shipping rates and policies)
  • Average Customer Review: 4.7 out of 5 stars  See all reviews (23 customer reviews)
  • Amazon Best Sellers Rank: #42,100 in Books (See Top 100 in Books)

Editorial Reviews

About the Author

Rothbard worked many years on the book, even as he was completing his PhD at Columbia University. He realized better than anyone else that Mises's 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.


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Customer Reviews

The construction of the book is also top notch.
thomas crown
The result is a highly readable volume that reads more like a philosophical treatise than a standard 'economics' textbook.
John S. Ryan
Murray Rothbard may have been the best political economist of the twentieth century.
shawn kohut

Most Helpful Customer Reviews

51 of 56 people found the following review helpful By thomas crown on February 3, 2010
Format: Hardcover Verified Purchase
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.
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30 of 32 people found the following review helpful By William E. Liberatore TOP 1000 REVIEWERVINE VOICE on July 21, 2010
Format: Hardcover Verified Purchase
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.
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23 of 24 people found the following review helpful By John S. Ryan on September 2, 2004
Format: Hardcover
[This is a reposting, very slightly edited, of my review from six years ago of an earlier and now unavailable edition of this book.]

Murray Newton Rothbard's development of economic theory from the axiom of human action is brilliant from start to finish.

Building on Ludwig von Mises's masterwork _Human Action_, Rothbard in effect removes Mises's work from its neo-Kantian setting and places it on a foundation of Aristotelian realism (though this fact will not be obvious without study of Rothbard's later work, notably _The Ethics of Liberty_).

Rothbard systematically and rigorously develops all of economic theory from the axiom that human beings act to achieve ends in a world in which specific and delimitable causes have specific and delimitable effects. In so doing, he has written a work that, over three decades after its publication, still serves as a comprehensive introduction to Austrian School economics.

And no wonder: Rothbard viewed Austrian economics particularly and the 'science of liberty' generally as systematic philosophy, not as the mere collection of statistical facts and 'model-building'. The result is a highly readable volume that reads more like a philosophical treatise than a standard 'economics' textbook.

Anyone who loves liberty and thinks _ideas_ are important will love this volume. Keynesians and econometricians need not apply.

[Later note: _Human Action_, this book (this edition of which includes the portion originally shaved off and published separately as _Power and Market_), and George Reisman's _Capitalism_ are the twentieth century's Three Great Treatises on free-market economics. They don't always agree with each other, so if this subject is of interest to you, be sure to read all three.]
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19 of 22 people found the following review helpful By Bam Bam on November 25, 2010
Format: Hardcover
I will echo what is said in the preface of this book- Since World War I, there have been very few treatises on Economics. Instead, we see lots of attempts to compartmentalize the discipline and obfuscate it beyond all comprehension, rather than extend core economic principles into other fields. The result is that the individuals who actually PARTICIPATE in the economy are discouraged from learning anything about it, and instead rely on economic "shamans" in government to steer the economy from the top down. If you don't revisit the basics now and then, you will find yourself running off a cliff after embracing a flawed interpretation of theories that nobody bothers to revisit.

Just to note, this book has been released for free in electronic form at the mises.org website (epub, pdf, html) for general use. Feel free to preview it before adding it to your bookshelf!
mises.org/resources/1082/Man-Economy-and-State-with-Power-and-Market
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