Man, Economy, and State
Encyclopedia
Man, Economy, and State: A Treatise on Economic Principles, first published in 1962, is a book on economics
by Murray Rothbard
, and is one of the most important books in the Austrian School
of economics (others are Ludwig von Mises
' The Theory of Money and Credit
and Human Action
). Economist
Walter Block
has described this volume as "excruciatingly brilliant." Wendy McElroy
credits the book as being "solely responsible for turning [her] from the advocacy of limited government
to a lifetime of work within the individualist-anarchist tradition."
When originally published in 1962, the final eight chapters were removed for political reasons; these were finally published as Power and Market
in 1970. The 2004 edition published by the Ludwig von Mises Institute
combines both books in a single volume. This book provides a discussion of both microeconomics
and macroeconomics
.
Rothbard describes the contents in his preface on pages xciv - xcv.
Economics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...
by Murray Rothbard
Murray Rothbard
Murray Newton Rothbard was an American author and economist of the Austrian School who helped define capitalist libertarianism and popularized a form of free-market anarchism he termed "anarcho-capitalism." Rothbard wrote over twenty books and is considered a centrally important figure in the...
, and is one of the most important books in the Austrian School
Austrian School
The Austrian School of economics is a heterodox school of economic thought. It advocates methodological individualism in interpreting economic developments , the theory that money is non-neutral, the theory that the capital structure of economies consists of heterogeneous goods that have...
of economics (others are Ludwig von Mises
Ludwig von Mises
Ludwig Heinrich Edler von Mises was an Austrian economist, philosopher, and classical liberal who had a significant influence on the modern Libertarian movement and the "Austrian School" of economic thought.-Biography:-Early life:...
' The Theory of Money and Credit
The Theory of Money and Credit
The Theory of Money and Credit is an economics book written by Ludwig von Mises, originally published in German as Theorie des Geldes und der Umlaufsmittel in 1912...
and Human Action
Human Action
Human Action: A Treatise on Economics is the magnum opus of the Austrian economist Ludwig von Mises. It presents a case for laissez-faire capitalism based on Mises' praxeology, or rational investigation of human decision-making. It rejects positivism within economics...
). Economist
Economist
An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...
Walter Block
Walter Block
Walter Edward Block is a free market economist and anarcho-capitalist associated with the Austrian School of economics.-Personal history and education:...
has described this volume as "excruciatingly brilliant." Wendy McElroy
Wendy McElroy
Wendy McElroy is a Canadian individualist anarchist and individualist feminist. She was a co-founder along with Carl Watner and George H. Smith of The Voluntaryist in 1982.-Sex-positive:...
credits the book as being "solely responsible for turning [her] from the advocacy of limited government
Limited government
Limited government is a government which anything more than minimal governmental intervention in personal liberties and the economy is generally disallowed by law, usually in a written constitution. It is written in the United States Constitution in Article 1, Section 8...
to a lifetime of work within the individualist-anarchist tradition."
When originally published in 1962, the final eight chapters were removed for political reasons; these were finally published as Power and Market
Power and Market
Power and Market: Government and the Economy is a 1970 book by Murray Rothbard in which he analyzes the negative effects of the various kinds of government intervention, and denies that the State is either necessary or useful...
in 1970. The 2004 edition published by the Ludwig von Mises Institute
Ludwig von Mises Institute
The Ludwig von Mises Institute , based in Auburn, Alabama, is a libertarian academic organization engaged in research and scholarship in the fields of economics, philosophy and political economy. Its scholarship is inspired by the work of Austrian School economist Ludwig von Mises...
combines both books in a single volume. This book provides a discussion of both microeconomics
Microeconomics
Microeconomics is a branch of economics that studies the behavior of how the individual modern household and firms make decisions to allocate limited resources. Typically, it applies to markets where goods or services are being bought and sold...
and macroeconomics
Macroeconomics
Macroeconomics is a branch of economics dealing with the performance, structure, behavior, and decision-making of the whole economy. This includes a national, regional, or global economy...
.
Contents
- Fundamentals of Human Action
- Direct Exchange
- The Pattern of Indirect Exchange
- Prices and Consumption
- Production: The Structure
- Production: The Rate of Interest and Its Determination
- Production: General Pricing of the Factors
- Production: Entrepreneurship and Change
- Production: Particular Factor Prices and Productive Incomes
- Monopoly and Competition
- Money and Its Purchasing Power
- The Economics of Violent Intervention in the Market
Rothbard describes the contents in his preface on pages xciv - xcv.
English
- Man, Economy & State with Power and Market (The Scholar's Edition). Ludwig von Mises InstituteLudwig von Mises InstituteThe Ludwig von Mises Institute , based in Auburn, Alabama, is a libertarian academic organization engaged in research and scholarship in the fields of economics, philosophy and political economy. Its scholarship is inspired by the work of Austrian School economist Ludwig von Mises...
. February 2004. 1,441 pages plus introduction. ISBN 0-945466-30-7. - Auburn, Alabama: Ludwig von Mises InstituteLudwig von Mises InstituteThe Ludwig von Mises Institute , based in Auburn, Alabama, is a libertarian academic organization engaged in research and scholarship in the fields of economics, philosophy and political economy. Its scholarship is inspired by the work of Austrian School economist Ludwig von Mises...
. 1993. One volume in softcover. 987 pages. ISBN 0-8402-1223-2. - New York, NY: Institute for Humane StudiesInstitute for Humane StudiesThe Institute for Humane Studies is a classical liberal non-profit organization whose stated mission is “to support the achievement of a freer society by discovering and facilitating the development of talented students, scholars, and other intellectuals who share an interest in liberty and in...
New York University Press. 1981. hardcover. ISBN 0-8147-5380-9. Also: ISBN 0-910884-27-7 softcover. - Princeton, N.J.: D. Van Nostrand Company with the William Volker FundWilliam Volker FundThe William Volker Fund was a charitable foundation established in 1932 by Kansas City, Missouri, businessman and home-furnishings mogul William Volker. Volker founded the fund with the purposes of aiding the needy, reforming Kansas City’s health care and educational systems, and combating the...
. 1962. Two volumes in hardcover.
Japanese
- Tokyo, Japan: Tuttle-Mori Agency, Inc. with the Ludwig von Mises InstituteLudwig von Mises InstituteThe Ludwig von Mises Institute , based in Auburn, Alabama, is a libertarian academic organization engaged in research and scholarship in the fields of economics, philosophy and political economy. Its scholarship is inspired by the work of Austrian School economist Ludwig von Mises...
. 2001. Softcover. ISBN 4-88359-052-6.