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| Man, Economy, and State with Power and Market: The Scholar's Edition (LvMI) |  | Author: Murray N. Rothbard
Publisher: Ludwig von Mises Institute
Category: eBooks
In Stock
Rating:  3 reviews
Sales Rank: 35,887
Format: Kindle Book
Media: Kindle Edition
Edition: 2
ASIN: B0022NHOSE
Publication Date: March 30, 2009
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Product Description
New Edition, with new introduction!
Murray N. Rothbard's great treatise Man, Economy, and State and its complementary text Power and Market, are here combined into a single edition as they were written to be. It provides a sweeping presentation of Austrian economic theory, a reconstruction of many aspects of that theory, a rigorous criticism of alternative schools, and an inspiring look at a science of liberty that concerns nearly everything and should concern everyone.
The Mises Institute's new edition of Man Economy, and State, united with its formerly sundered companion volume Power and Market, is a landmark in the history of the Institute. It takes this book out of the category of underground classic and raises it up to its proper status as one of the great economic treatises of all time, a book that is essential for anyone seeking a robust economic education.
The captivating new introduction by Professor Joseph Salerno that frames up the Rothbardian contribution in a completely new way, and reassesses the place of this book in the history of economic thought. In Salerno's view, Rothbard was not attempting to write a distinctively "Austrian" book but rather a comprehensive treatise on economics that eschewed the Keynesian and positivist corruptions. This is what accounts for its extraordinarily logical structure and depth. That it would later be called Austrian is only due to the long-lasting nature of the corruptions of economics that Rothbard tried to correct.
For years, the Mises Institute has kept it in print and sold thousands of copies in a nice paperback version. Then we decided to take a big step and put out an edition worthy of this great treatise. It is the Scholar's Edition of Man, Economy, and State — an edition that immediately became definitive and used throughout the world. The index is huge and comprehensive.
Students have used this book for decades as the intellectual foil for what they have been required to learning from conventional economics classes. In many ways, it has built the Austrian school in the generation that followed Mises. It was Rothbard who polished the Austrian contribution to theory and wove it together with a full-scale philosophy of political ethics that inspired the generation of the Austrian revival, and continues to fuel its growth and development today.
From Rothbard, we learn that economics is the science that deals with the rise and fall of civilization, the advancement and retrenchment of human development, the feeding and healing of the multitudes, and the question of whether human affairs are dominated by cooperation or violence.
Economics in Rothbard's wonderful book emerges as the beautiful logic of that underlies human action in a world of scarcity, the lens on how exchange makes it possible for people to cooperate toward their mutual betterment. We see how money facilitates this, and allows for calculation over time that permits capital to expand and investment to take place. We see how entrepreneurship, based on real judgments and risk taking, is the driving force of the market.
What's striking is how this remarkable book has lived in the shadows for so long. It began as a guide to Human Action, and it swelled into a treatise in its own right. Rothbard worked many years on the book, even as he was completing his PhD at Columbia University.
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| Customer Reviews:
Absolutely essential February 4, 2010
thomas crown
18 out of 18 found this review helpful
This was the first work of Rothbard I had read. I did not know if this would be the best of places to start, as others had mentioned Mises "Human Action" as a great introduction to Austrian economics as well. If you are in the same situation as I was, let me tell you this is an excellent tome to begin with. Rothbard has added to, and improved upon many of Mises teachings with this work. Rothbard starts with absolute foundation for human action, and from here, builds up his theory piece by piece. Again, I thought I might be in over my head with this book, but the pace is excellent and never leaves the reader behind. Rothbard has taken the Austrian school of thought, reworked many of the ideas, and turned out a much more cohesive and solidified theory of economics based on praxeology. The authors references/annotations appear at the bottom of each page, which I find extremely convenient, as flipping to the back of a 1400 page book every time you wanted additional information would be quite bothersome.
I have since completely reworked my views on production, interest, and monopoly theory. Really, this is a stellar piece of work, and I can't do it enough justice with the review here. Suffice it to say, if you have not had an opportunity to read Mises or Rothbard, their ideas will really challenge, and more likely than not, change your perspective on economics in dramatic fashion. I am just sorry that I did not have the opportunity to study the Austrian school more thoroughly in college.
The construction of the book is also top notch. After reading, and re-reading, through the book's 1400 pages or so (and subjecting it to other abuses like spilled coffee), the bindings/covers are still holding strong. This is a book that you will want to have for quite some time and revisit often. The margins are also wide enough to add your own annotations, which I love to do with works of this nature.
What a beast of a book. July 22, 2010
William E. Liberatore (Yorkville, Ohio USA)
3 out of 3 found this review helpful
I am a college graduate though not in economics. This book was a beast to read... all 1369 pages of it! The kicker though? I did it... and I actually got some (hopefully a good bit) of it. Rothbard gets the message across even to someone with no real background in economics and in a way that I actually was able to hang in for the entire 1369 pages. I couldn't do it with Mises, I was lost 60 pages into Human Action. This book is not for the faint of heart and you most likely are not going to finish it in an hour and a half, but if you do finish it... you'll come out with a much better understanding of the free market.
Discussed on "Free Markets" May 2, 2009
James M. (Richmond, VA)
10 out of 15 found this review helpful
This book was discussed on "Free Markets With Dr. Mike Beitler," a libertarian internet-radio show. Dr. Beitler interviewed Dr. David Gordon on the Mises Institute, the author of the Essential Rothbard. I don't agree with everything Rothbard says in this book, but it's the most thought-provoking book I've read since Ayn Rand's books.
I recommend this book along with Beitler's Rational Individualism: A Moral Argument for Limited Government & Capitalism. Rothbard, Rand, and Beitler will make you think about your most basic assumptions.
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