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Source link: http://archive.mises.org/4672/why-rothbard-makes-sense/

Why Rothbard Makes Sense

February 10, 2006 by

Here I argue that Murray Newton Rothbard (1926-1995) was one of the most important thinkers of the twentieth century. In addition to being correct, Rothbard’s prose is also precise and direct. The new edition of Making Economic Sense gives you a sense of Rothbard’s extreme breadth of knowledge. To paraphrase Mark Twain: the older I get, the smarter Murray Rothbard becomes. FULL ARTICLE

{ 6 comments }

David K.Meller February 10, 2006 at 9:03 am

Perhaps Ludwig von Mises and Murray Rothbard will be as influential in the 21st century as J.M.Keynes and Karl Marx were in the 20th. If that will be so,than perhaps the 21st century will be as wonderful, for those who are blessed enough to grow up in it, as the 20th century was horrid, because of the second two!

David K. Meller
dkmeller1953@yahoo.com

budda February 10, 2006 at 9:16 am

for me the greatest insights i got from Rothbard –

1) inflation is caused by govt deficit spending, consumer credit & business credit expansion (fractional reserve banking)

2) consumers do not drive the business cycle– only excess business expansion via excess loans to businesses drive the cycle of boom and bust (recessions)

3) productivity gains will cause prices to fall– central bank will expand credit rapidly during these periods to mask inflation– low CPI still shows inflation if you factor in the productivity gains — as humans advance and become more efficient prices should fall–without inflation prices would actually fall yoy– and living standards would skyrocket

America’s Great Depression — The Case Against the FED– Making Economic Sense —

all classics —

Jordi Franch February 10, 2006 at 10:56 am

Certainly. As Robert Murphy argues, professor Rothbard was an economist in the original meaning of the term. He displays a vast and thorough understanding of society in his writings (far from the overspecialized positivist economists).
I’ve always been puzzled by his impressive learning about the jesuits of XVIth century (Universidad de Salamanca).

Paul Marks February 13, 2006 at 2:55 am

A very good article.

Ike Hall February 13, 2006 at 3:39 pm

Nice shout-out to Bill Hicks, too!

I wonder to what extent praxeology has been studied in the social sciences outside economics. The sociology class I took (and enjoyed!) in college certainly never brought up acting man and subjective valuation as a guiding principle. Things would have made much more sense. I’m not sure sociologists are quite as enamoured of empiricism as most economists, but I would appreciate it if some folks more learned in sociology might care to set me straight.

Criminologists are probably the best example I can imagine of praxeologists who are not economists!

Andrew January 1, 2010 at 2:47 pm

Could you link to the source of the ‘To paraphrase Mark Twain: the older I get, the smarter Murray Rothbard becomes.’
Please?

That’s the kind of thing that will probably knock my dad off the fence, onto the side of Rothbardianism

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