Murray Rothbard at his typewriter in the 1960s
I have of late become embroiled with a colleague and friend of mine who shall remain nameless in order to protect the guilty.
My advice to my very best students, the ones who are bright and, more important, have been really bitten by the Austro-libertarian bug thanks to both our efforts and those of our several other colleagues, is to major in economics, and either double-major in economics and mathematics or minor in the latter and then go off and get a Ph.D. in economics.
In contrast, my colleague’s advice to our students is to major in economics, either double-major in economics and finance or minor in the latter, and then go off and get a really high paying job on Wall Street or some such.
What is my thinking on this matter? Why do I give this advice?