| Murray N. Rothbard (1926-1995) was one of the most important participants in Ludwig von Mises’s seminar, and undoubtedly the premiere Austrian economist of the twentieth century. Here, David Gordon discusses Rothbard’s contributions to economic theory and their broader historical context.
In his 1962 “Man, Economy, and State,” Rothbard built on Mises’s work and further developed the complete deductive science of economics called Praxeology. Gordon highlights several of Rothbard’s contributions including the impossibility of a monopoly price occurring on the free market, the implications of the calculation problem on the size of the firm, and the impracticalities of fractional reserve banking. Rothbard’s exposition of the Great Depression and his work in “History of Economic Thought” are also discussed. Playlist link for complete “Who Is?” series: http://tinyurl.com/y86u5f7p Links to selected online writings on Austrian Economics: Human Action: A Treatise on Economics Man, Economy, and State: A Treatise on Economics Economic Thought Before Adam Smith: An Austrian Perspective on the History of Economic Thought, Vol. I Classical Economics: An Austrian Perspective on the History of Economic Thought, Vol. II The Austrian School of Economics: A History of Its Ideas, Ambassadors, and Institutions Theory and History: An Interpretation of Social and Economic Evolution The Austrian Theory of the Trade Cycle and Other Essays The Failure of the “New Economics” Mises: The Last Knight of Liberalism Ludwig von Mises: Scholar, Creator, Hero Friedrich A. Hayek: A Centenary Appreciation Henry Hazlitt: A Man for Many Seasons Murray Rothbard: Mises’s True Heir Frédéric Bastiat: Champion of Laissez-faire The Genius of Carl Menger The Life and Works of Böhm-Bawerk Why Austrian Economics Matters Mises and Austrian Economics: A Personal View Ludwig von Mises and the Austrian School of Economics Mises, Hayek, and the Market Process: An Introduction Praxeology: The Methodology of Austrian Economics The Ultimate Foundation of Economic Science Interventionism: An Economic Analysis Nation, State, and Economy The Anti-Capitalistic Mentality Socialism: An Economic and Sociological Analysis Economic Freedom and Interventionism Historical Setting of the Austrian School of Economics The Philosophical Origins of Austrian Economics Capitalism: A Treatise on Economics The Gold Standard: Perspectives in the Austrian School The Place of Human Action in the Development of Modern Economic Thought Economic Science and the Austrian Method Austrian Macroeconomics: A Diagrammatical Exposition Philosophical and Ethical Implications of Austrian Economics The Austrian Theory of Money The Austrian School’s Critique of Marxism Methodology of the Austrian School Economists Classical Liberalism and the Austrian School The Positive Theory of Capital Principles of Economics The Free Market and Its Enemies Government Against the Economy Individualism and Economic Order * * * * * Audio presentation produced by the Ludwig von Mises Institute and licensed under Creative Commons Attribution-NonCommercial-NoDerivs 4.0 International License. http://creativecommons.org/licenses/by-nc-nd/4.0/ This YouTube channel is in no way endorsed by or affiliated with the Mises Institute, any of its scholars or staff members. |
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