 Man, Economy, and State Books In Print, Audio Books. |
| Home » All Books |
|
|
Man, Economy, and State
buy bestselling books in print, audio books
|
 |
List Price: $35.00
Our Price:
$35.00
You Save: $0
|
| [ + Zoom ] [ Buy Now ] |
Book : Usually ships in 24 hours |
|
Man, Economy, and State Customer Reviews
|
|
|
|
♥♥♥♥♥
|
A true classic
|
A classic is a work that rewards repeated re-reading. I am planning to repeat the graduate seminar I gave around this book not only because it is a revelation to students who have been schooled in standard economics but also because I myself realize I have more to gain from another run through it.
Another thing that keeps it fresh nearly 50 years after publication is the almost complete lack of topical material that could go stale. A peculiarity of the original edition is that the projected third volume had to be shortened into a single chapter because its total condemnation of government was too controversial for the publisher. That third volume was later published as "Power and Market: Government and the Economy." It is bound in with the original Man Economy & State in the Scholar's Edition, which somewhat confusingly still includes the original summary chapter.
This book assumes no background in economics, and takes the reader straight through from the most basic aspects of human action through the whole of economics without the artificial break between micro and macro that corrodes present-day economic thinking. Rothbard spins out long chains of reasoning, which although they are clearly presented, do require sustained attention. If you are willing to give it that attention, the book will repay you handsomely. Rothbard leads us to the standard laws of supply and demand, but grounds them in a way that standard textbooks miss. His treatment of monopoly is unique, arguing that very concept of a monopoly price is illegitimate because one the "competitive price" with which it is to be contrasted cannot be identified, and therefore one cannot distinguish a movement along a demand curve from a sub-competitive price toward the alleged competitive price from a movement upward from that price.
There is much more that is unique to Rothbard (and much that is consonant with standard economics), but I will just mention one more thing, a favorite of mine. That is his classification of violent behavior into (1) autistic intervention, e.g. forcing someone to salute a flag, (2) binary intervention, e.g. robbery or taxation, and (3) triangular intervention where the aggressor forces or prohibits exchanges between others, e.g. through price controls.
In the course of 1,000 pages or so Rothbard does slip occasionally. And he runs into the ditch in his attempt to discredit the concept of velocity and the equation of exchange. Nonetheless this is a masterful, enjoyable, and highly rewarding book. |
|