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Murray Rothbard argued in The Ethics of Liberty in 1982 that taxation is theft and that tax resistance is therefore legitimate: "Just as no one is morally required to answer a robber truthfully when he asks if there are any valuables in one's house, so no one can be morally required to answer truthfully similar questions asked by the state, e.g ...
A History of Money and Banking in the United States is a 2002 book by economist Murray Rothbard, released posthumously based on his archived manuscripts. [1] The author traces inflations, banking panics, and money meltdowns from the Colonial Period through the mid-20th century.
According to Rothbard, increasing the supply of money confuses society's ability to calculate relative costs during the time of monetary expansion. This is because the money is not injected into all areas of the economy at once, resulting in what Rothbard describes as deceiving investors with "wasteful booms" and subsequent readjustments ...
Therefore, unlike Mises, Rothbard argued for an objective, natural-law basis for the free market. [ 46 ] : 87–89 He called this principle " self-ownership ", loosely basing the idea on the writings of John Locke and also borrowing concepts from classical liberalism and the anti-imperialism of the Old Right .
The institute was founded in January 1977 in San Francisco, California; [1] named at the suggestion of cofounder Rothbard after Cato's Letters, a series of British essays penned in the early 18th century by John Trenchard and Thomas Gordon. [8] [9] In 1981, Murray Rothbard was removed from the Cato Institute by the board. [10]
Man, Economy, and State: A treatise on economic principles is a 1962 book of Austrian School economics by Murray Rothbard (orig. abridged ed.). [a] It was originally intended as a textbook form of Human Action by Ludwig von Mises, but became its own treatise after he realized original work was needed to flesh out Mises' ideas.
The Ethics of Liberty is a 1982 book by American philosopher and economist Murray N. Rothbard, [1] in which the author expounds a libertarian political position. [2] Rothbard's argument is based on a form of natural law ethics, [ 3 ] and makes a case for anarcho-capitalism .
Rothbard advocates anarcho-capitalism, a strain of stateless libertarianism. Rothbard traces the intellectual origins of libertarianism back to classical liberal philosophers John Locke and Adam Smith and the American Revolution. He argues that modern libertarianism originated not as a response to socialism or leftism, but to conservatism.