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The Logic of Action II: Applications and Criticism from the Austrian School (Economists of the Twentieth Century) (v. 2) (Hardcover)

~ Murray N. Rothbard (Author)

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Product Description

The second volume of "The Logic of Action", this text is a selection of Rothbard's scholarly articles. It was his ambition to show the scientific status of the Austrian School and, at the same time, demonstrate the theory's radical, free-market implications for government policy.

Product Details

Hardcover: 416 pages
Publisher: Edward Elgar Publishing (July 1997)
Language: English
ISBN-10: 1858985706
ISBN-13: 978-1858985701
Product Dimensions: 9.3 x 6.1 x 1.3 inches
Shipping Weight: 1.6 pounds (View shipping rates and policies)

Average Customer Review: 5.0 out of 5 stars See all reviews (1 customer review)

Amazon.com Sales Rank: #1,526,834 in Books (See Bestsellers in Books)

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5 of 6 people found the following review helpful:

5.0 out of 5 stars The Logic of Rothbard, August 20, 2000

By	Steve Jackson "stevejackson100atyahoocom" (New England) - See all my reviews (TOP 1000 REVIEWER)

Murray Rothbard was one of the most powerful thinkers of the 20th century. Some of his most important work was printed in journals, out-of-print anthologies, presented at scholarly conferences, or available only in pamphlets. Fortunately, many of these essays are now collected in The Logic of Action (2 volumes), one of Edward Elgar's Economists of the Twentieth Century series

Volume 2 of the Logic of Action is subtitled "Applications and Criticism from the Austrian School." The range of these essays is simply incredible, and it's hard for a reviewer to know where to start. So, I might as well start with the first essay, Freedom, Inequality, Primitivism, and the Division of Labor. As usual, Rothbard's reading is immense and he briliantly refutes the claims of primitivists that specialization is somehow the cause of our problems rather than the necessary result of an increasing standard of living. In fact, communists import an almost religious devotion to their communism that Kautsky even said that under communism "[t]he human average will rise to the level of an Aristotle, a Goethe, a Marx. Above these other heights new peaks will arise."

Another brilliant essay is the last, Karl Marx: Communist as Religious Eschatologist. Rothbard gets to the crux of the matter: "The Key to the intricate and massive system of thought created by Karl Marx is at bottom a simple one: Karl Marx was a communist." As against those who would downplay Marx's religious drive to create a utopian society, Rothbard shows that Marx is just one of many "religious eschatologists."

In between these two essays there are 20 more. Whether it's "value free" economics, free banking in Scotland, marginal productivity theory, or Henry George's fallacies, Rothbard always has something brilliant to say. I really enjoyed The Myth of Tax "Reform", which should be read by every conservative activist. "Every economic activity that escapes taxes and controls is not only a blow for freedom and property rights: it is also one more instance of a free flow of productive energy getting out from under parasitic repression. That is why we should welcome every new loophole, shelter, credit or exemption, and work, not to shut them down but to expand them to include everyone else, including ourselves."

As David Gordon and Hans-Hermann Hoppe state in their introduction: "No introduction can do justice to the vast range and insight of Rothbard's work. Anyone who completes these two volumes will have an indelible impression of Rothbard's greatness."

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