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Man, Economy, and State: With Power and Market - Scholar's Edition Hardcover – March 10, 2009
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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.
Top Customer Reviews
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.
I really underestimated what a treasure this book would be. Rothbard assumes no prior knowledge and walks you through economic theory from isolated man, to barter, to modern monetary economics and then goes through many deeper issues in Government from minimum wage and child labor.
In all cases Rothbard doesn't get too complicated or throw equations at you and I believe anyone could easily read and understand this book, though I will tell you the truth some dedication is required. It's almost as if blinds open and you learn how to think and you see the world, and especially it's governments and their economic policies, in a different light all backed by logic and sound reasoning.
This book will be one of your greatest investments and will only leave you craving more.
Socialism by Ludwig von Mises
Human Action by Ludwig von Mises
Economics in One Lesson by Henry Hazlitt
[...] is a great resource set up by Tom Woods which provides some suggestions for further reading you can get here on Amazon.
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.]
Most Recent Customer Reviews
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... Read morePublished 12 days ago by Amazon Customer
The BEST economic treatise known to man! If one is looking to become a near master in Austrian Economics this book is it. Read morePublished 23 days ago by CWM
Surprisingly more difficult to read than Von Mises' Human Action.Published 2 months ago by Amazon Consumer
Genius. Rothbard thought is so consistent! Read this book will change your opinion about almost everything. Good price, despite the transport to Brazil.Published 3 months ago by Jan Marcel Paschoal Mertens
Not much I can say about this book that hasn't already been said. The only thing I will add is that I'm sure many who look at its length and content think that it is just too much... Read morePublished 4 months ago by Mr. Twisted
I don't agree with everything Rothbard thinks, but its based off of economics that are proven, and make sense. Read morePublished 6 months ago by Cardboard_shopper
Am glad i purchased this. I have not read it though. But it's a nice addition to my library. I hope to read and study this fine book one day.Published 8 months ago by Tony Meyer