Murray Rothbard: Difference between revisions

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He was the academic vice president of the [[Ludwig von Mises Institute]] and the [[Center for Libertarian Studies]] (which he founded in 1976), was a distinguished professor at the University of Nevada, Las Vegas, and edited the [[Rothbard-Rockwell]] Report with [[Lew Rockwell]].
He was the academic vice president of the [[Ludwig von Mises Institute]] and the [[Center for Libertarian Studies]] (which he founded in 1976), was a distinguished professor at the University of Nevada, Las Vegas, and edited the [[Rothbard-Rockwell]] Report with [[Lew Rockwell]].


==The Austrian School==
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(Rothbard circa 1955).The Austrian School of economics was arguably founded with the publication of [[Carl Menger]]'s 1871 book [[Principles of Economics]]. Members of this school approach economics as an a priori system like logic or mathematics, rather than as an empirical science like geology. It attempts to discover axioms of human action (called "praxeology" in the Austrian tradition) and make deductions therefrom. Some of these praxeological axioms are:
 
*Humans act purposefully.  
*Humans prefer more of a good to less.
*Humans prefer to receive a good sooner rather than later.
*Each party to a trade benefits ex ante.
 
Even in the early days, Austrian economics was used as a theoretical weapon against [[socialism]] and [[statist]] socialist policy. [[Eugen von Böhm-Bawerk]], a colleague of Menger, wrote one of the first critiques of socialism ever written in his treatise [[The Exploitation Theory of Socialism-Communism]]. Later, [[Friedrich Hayek]] wrote [[The Road to Serfdom]], asserting that a command economy destroys the information function of prices, and that authority over the economy leads to totalitarianism. Another very influential Austrian economist was Ludwig von Mises, author of the praxeological work Human Action.
 
Murray Rothbard, a student of Mises, is the man who attempted to meld Austrian economics with classical liberalism and individualist anarchism, and is credited with coining the term "anarcho-capitalism". He was probably the first to use "libertarian" in its current (U.S.) pro-capitalist sense. He was a trained economist, but also knowledgeable in history and political philosophy. When young, he considered himself part of the Old Right, an anti-statist and anti-interventionist branch of the U.S. Republican party. When interventionist cold warriors of the National Review, such as William Buckley, gained influence in the Republican party in the 1950s, Rothbard quit that group and formed an alliance with left-wing antiwar groups. Later, Rothbard was a founder of the U.S. Libertarian Party. In the late 1950s, Rothbard was briefly involved with Ayn Rand's [[Objectivism]], but later had a falling out. Rothbard's books, such as [[Man, Economy, and State]], [[Power and Market]], [[The Ethics of Liberty]], and [[For a New Liberty]], are considered by some to be classics of natural law libertarian thought.


==Anarcho-capitalism==
==Anarcho-capitalism==
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