Karlheinz Muhr Library

The Complete “Austrian School of Economics” Collection


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The archive.

3,801 works, 471 books, 3,267 articles, 60 other works, 3 awaiting classification, 150 years of economic thought. Each one summarized and searchable, with cited passages inside.

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37–48 of 297 matches · 3,801 works total (471 books, 3,267 articles, 60 other works, 3 awaiting classification)Page 4 of 25; every summary opens into its work.
  1. 1971
    Freedom, Inequality, Primitivism, and the Division of Labor

    Freedom, Inequality, Primitivism, and the Division of Labor

    Murray N. Rothbard · 8 sections

    Freedom, inequality, and the division of labor are not separable social accidents but mutually supporting conditions of civilization, so runs the thesis of an essay first delivered to a 1970 symposium and reissued in 1991 with a combative new introduction. Because each person is a unique, non-interchangeable individual, Rothbard argues, liberty is the precondition of human development; and only a developed division of labor, rooted in the natural diversity Mises made central, gives individuality the scope to flourish. Egalitarianism, Marxist, Romantic, primitivist, he treats as a single anti-differentiating impulse, from Marx's fantasy of hunting, fishing, and criticizing at will to the lookism and quotas of what the new introduction calls political correctness. Equality taken literally means sameness; against it he defends the older liberal equality of liberty, and natural aristocracies that rise through voluntary excellence rather than force.

    He must, in short, be free in order that he may be fully human.

  2. 1971
    Lange, Mises, and Praxeology: The Retreat from Marxism

    Lange, Mises, and Praxeology: The Retreat from Marxism

    Murray N. Rothbard · 1 sections

    Oskar Lange had been Mises's most formidable socialist antagonist; his final, posthumous treatise, Rothbard argues, quietly retreated toward the praxeology it once opposed. Reading Lange's late Political Economy, Rothbard tracks the concessions: that monetary calculation and profit-seeking made rational conduct explicit, that economic laws can be deduced from broad axioms of rational action, that Austrian utility theory is ordinal preference rather than hedonistic psychology. Each admission carries a threat Lange cannot face—if economics simply is praxeology, Marxism forfeits its claim to be the foundational science of historical economic forms. So Lange widens praxeology to swallow cybernetics, programming, and input-output analysis, grafting institutional categories onto the logic of choice. Rothbard reads the maneuver as evasion, and draws the larger point: the calculation debate was always also a contest over the foundations of economics.

    In this way, Lange accepts the essential deductive Misesian methodology for economic theory: beginning with broadly general praxeological principles as axioms and from these elaborating necessary laws by logical deduction.

  3. 1971
    Ludwig von Mises and the Paradigm for Our Age

    Ludwig von Mises and the Paradigm for Our Age

    Murray N. Rothbard · 7 sections

    Borrowing Thomas Kuhn's account of scientific revolutions while refusing its relativism, this essay diagnoses modern economics as a discipline capable of forgetting its own discoveries. Lacking laboratory tests and saturated with ideology, it entrenched a false paradigm through mathematics, positivist testing, and professional prestige — burying the Austrian School in the process. Rothbard reads the eclipse of Menger, Böhm-Bawerk, and Mises not as refutation but as collective amnesia, sharpened by late translations and Mises's denial of a prestigious American post. Yet criticism alone topples no paradigm; it must be replaced. Mises supplies the replacement through praxeology, the deductive science of human action, from which follow the critique of cumulative interventionism, commodity money as a check on inflationary credit, and the calculation argument that an economy without private ownership has no real prices to reason with.

    But the work of Ludwig von Mises furnishes that “something”; it furnishes an economics grounded not on the aping of physical science, but on the very nature of man and of individual choice.

  4. 1971
    Milton Friedman Unraveled

    Milton Friedman Unraveled

    Murray N. Rothbard · 7 sections

    Can a market-oriented reform make government more powerful rather than less? In this essay, first published in 1971 and reprinted here in 2011, Murray N. Rothbard turns that question against Milton Friedman’s reputation as a champion of economic liberty. Tax withholding, guaranteed income, and a fixed monetary-growth rule become tests of the difference between limiting coercion and improving its administration. Writing from an Austrian and libertarian perspective, Rothbard argues that freedom in individual markets cannot be insulated from state control over taxation and money. His polemic exposes a fault line within free-market thought: whether predictable rules and competitive provision suffice, or whether compulsory financing and monetary monopoly compromise the project itself. Readers can discover why proposals defended as market-friendly attract resistance from within the libertarian camp.

  5. 1972
    Capitalism versus Statism

    Capitalism versus Statism

    Murray N. Rothbard · 3 sections

    Defending capitalism need not mean defending powerful businesses. In this chapter, originally published in 1972 and reprinted in 2011, Murray N. Rothbard makes the method of acquiring wealth decisive: voluntary production and exchange belong to the market; government-backed expropriation and privilege belong to statism. This distinction lets him attack corporate subsidies, cartelization, and militarism without rejecting industrial civilization. It also places him at odds with both liberals who seek expanded public provision and radicals who identify technology itself with domination. Readers can follow how his opposition to business privilege leads to a more demanding claim: that money, policing, and courts should also become voluntary institutions. The chapter exposes the distance between Rothbard’s libertarianism and a defense of the existing economic order.

  6. 1972
    Heilbroner’s Economic Means and Social Ends

    Heilbroner’s Economic Means and Social Ends

    Murray N. Rothbard · 1 sections

    When does economic expertise become a claim to govern other people’s purposes? In this review, originally published in 1972 and reprinted in 2011, Murray N. Rothbard challenges the programme of “Political Economics” discussed in Robert L. Heilbroner’s edited collection. His Austrian perspective turns the dispute on two concrete distinctions: technical feasibility is not economic calculation, and explaining consequences is not forecasting human choices. Rothbard argues that prices reveal opportunity costs that engineering alone cannot assess, while attempts to make conduct predictable threaten the freedom planners reserve for themselves. Equally pointed is his demand that economists defend the ethical premises of their policy recommendations. The review offers a sharp encounter with the boundary between economic knowledge and political authority, rather than a neutral appraisal of the symposium.

  7. 1972
    Herbert Hoover and the Myth of Laissez-Faire

    Herbert Hoover and the Myth of Laissez-Faire

    Murray N. Rothbard · 9 sections

    How did a promoter of government-business cooperation acquire a reputation as the defender of laissez-faire? Murray N. Rothbard’s essay locates the answer in Hoover’s uneasy position between voluntary industrial coordination and compulsory economic planning. Reading Commerce Department activism alongside Depression-era wage agreements, farm price supports, and business lending, Rothbard argues that Hoover helped build the apparatus Roosevelt would expand. His distinctive target is not intervention alone but the use of federal authority to organize producers and restrain competition. The revealing tension comes when Hoover rejects the Swope plan for compulsory industrial organization after years of encouraging cooperation under government auspices. Readers can examine both Rothbard’s case for continuity between Hoover and the New Deal and his explanation of how resistance to further planning could obscure an interventionist record.

  8. 1972
    Kid Lib

    Kid Lib

    Murray N. Rothbard · 1 sections

    What could children's liberation actually mean—perhaps, Rothbard suspects, little more than a right to kick adults in the shins on a guaranteed income from long-suffering parents? Beneath the joke, his 1972 essay puts a genuine puzzle to libertarian theory: the infant is neither a full self-owner nor an owned object. His move is to shift from vague "freedom" to jurisdiction over property. Parents may set household rules as conditions of residence on their own property, but may never own the child's body; every child must therefore hold an absolute right to run away, forced return amounting to kidnapping. The parent is trustee-owner and guardian, morally bound to rear and educate yet not legally compelled to do so. Rothbard extends the logic to a market in guardianship and against compulsory schooling and child-labor law, liberating child and parent alike from the State.

    Therefore, the child must always be free to run away; he then becomes a self-owner whenever he chooses to exercise his right to run-away freedom.

  9. 1972
    War Collectivism in World War I

    War Collectivism in World War I

    Murray N. Rothbard · 4 sections

    Wartime regulation is often pictured as government imposing discipline on business. In this essay, Murray N. Rothbard reverses that picture: industrial leaders helped design and administer controls that, he argues, protected profits and curtailed competition. Steel price agreements, food licensing, and railroad guarantees make his case concrete, exposing the coercive powers behind ostensibly voluntary cooperation. His central concern is what survived demobilization—not simply agencies, but personnel, techniques, and an ideal of government-backed industrial coordination. Tracing these connections into Hoover’s associationism and the New Deal, Rothbard challenges the distinction between public planning and private privilege. The essay offers readers a pointed account of how emergency economic arrangements can become models for peacetime policy, and why businesses might welcome rather than resist federal intervention.

  10. 1973
    Egalitarianism as a Revolt Against Nature

    Egalitarianism as a Revolt Against Nature

    Murray N. Rothbard · 1 sections

    Conservatives, Rothbard charges, have long ceded the moral high ground to the Left, objecting to egalitarian programs only as impractical—a fatal concession, since ideals move the status quo. His 1973 essay therefore attacks the ideal itself. Equality, he argues, is intelligible only with respect to a specific attribute; taken literally it collapses into identity, and identity would demand coercive leveling of beauty, intelligence, and strength—the dystopias of Hartley's Facial Justice and Vonnegut's "Harrison Bergeron." Grounding human difference in biology as well as culture, he assails egalitarian readings of sex roles, youth quotas, and intelligence, then widens the charge from anthropology to ontology: utopian socialism from Fourier to Lenin becomes a revolt against the very structure of nature. Egalitarianism, he concludes, is not a humane ideal impeded by circumstance but something anti-human at its root.

    The egalitarian world would necessarily be a world of horror fiction—a world of faceless and identical creatures, devoid of all individuality, variety, or special creativity.

  11. 1973
    For a New Liberty: The Libertarian Manifesto, Second Edition

    For a New Liberty: The Libertarian Manifesto, Second Edition

    Murray N. Rothbard · 66 sections

    Everything follows from a single axiom: no one may initiate physical violence against another person or their property. From that nonaggression principle Rothbard builds an uncompromising system that asks not for smaller government but for none at all, with privatized courts and police, homesteaded property, and the abolition of conscription, welfare, and the central bank. He grounds self-ownership in natural law rather than utilitarian calculation, derives civil liberties from control of material resources rather than treating them as a separate class of human rights, and reads the State as an organized criminal band living by taxation and war. Ranging across schooling, inflation, ecology, victimless crime, foreign policy, and stateless medieval Ireland, this manifesto casts libertarianism as the true heir of America's revolutionary radicalism.

    In fact, there are no human rights that are separable from property rights.

  12. 1973
    Praxeology as the Method of the Social Sciences

    Praxeology as the Method of the Social Sciences

    Murray N. Rothbard · 3 sections

    Economics went astray when it took physics for its model and positivism for its badge of legitimacy—chasing controlled experiments where no variable stays fixed and where predictions alter the conditions they forecast. Rothbard's alternative is praxeology, the science that begins from the axiom that human beings act purposively toward chosen ends and deduces qualitative, if-then laws rather than numerical constants. He recovers a neglected lineage running through Jean-Baptiste Say, Cairnes, Senior, and the Austrians, and anchors it in methodological individualism: collectives such as 'society' and 'the state' are but shorthand for patterns of individual action. Forecasting, he insists, is an interpretive art akin to history rather than laboratory prediction, and econometrics a misplaced search for constants in human affairs.

    Only an individual has a mind; only an individual can feel, see, sense, and perceive; only an individual can adopt values or make choices; only an individual can act.

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