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Murray Rothbard: Difference between revisions
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==Rothbard's law== | ==Rothbard's law== | ||
Rothbard's law is a self-attributed [[adage]]. In essence, Rothbard suggested that an otherwise talented individual would specialize and focus in an area at which they were | Rothbard's law is a self-attributed [[adage]]. In essence, Rothbard suggested that an otherwise talented individual would specialize and focus in an area at which they were weaker—or simply flat out wrong. Or as he often put it: "everyone specializes in what he is worst at." | ||
In one example | In one example, he discusses his time spent with [[Ludwig von Mises]], | ||
:''In all the years I attended his seminar and was with him, he never talked about foreign policy. If he was an interventionist on foreign affairs, I never knew it. This is a violation of Rothbard's law, which is that people tend to specialize in what they are worst at. [[Henry George]], for example, is great on everything but land, so therefore he writes about land 90% of the time. [[Milton Friedman|Friedman]] is great except on money, so he concentrates on money. Mises, however, and [[Israel Kirzner|Kirzner]] too, always did what they were best at.'' | :''In all the years I attended his seminar and was with him, he never talked about foreign policy. If he was an interventionist on foreign affairs, I never knew it. This is a violation of Rothbard's law, which is that people tend to specialize in what they are worst at. [[Henry George]], for example, is great on everything but land, so therefore he writes about land 90% of the time. [[Milton Friedman|Friedman]] is great except on money, so he concentrates on money. Mises, however, and [[Israel Kirzner|Kirzner]] too, always did what they were best at.'' | ||