Man, Economy, and State: A Critical Analysis

Murray Rothbard’s Man, Economy, and State is a comprehensive treatise on Austrian economics, building upon the work of Ludwig von Mises. The text systematically explores economic principles, focusing on praxeology, the study of human action, and its implications for market processes, price formation, and capital theory. Rothbard critiques mainstream economic methods and emphasizes the subjective nature of value and the importance of individual choice. The book extensively analyzes various economic systems, including the free market, and evaluates the consequences of government intervention. It also explores the roles of money, interest rates, and entrepreneurship within the market economy.