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The Logic of Action Two

Applications and Criticism from the Austrian School The late Murray N. Rothbard, formerly S.J. Hall Distinguished Professor of Economics, University of Nevada, Las Vegas, US
In the second volume of his collected essays The Logic of Action, Murray Rothbard again demonstrates his extraordinary range of thought. This volume considers among other issues, criticisms of some of the most influential economists and economic theories of the present and previous centuries.
Extent: 432 pp
Hardback Price: $160.00 Web: $144.00
Publication Date: 1997
ISBN: 978 1 85898 570 1
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Murray N. Rothbard was the leading voice of the Austrian School of Economics during its post-war American revival. His research in economic theory, history, method and policy, was the major impetus for today’s burgeoning interest in the Austrian School and the broader realm of free-market thought.

The Logic of ActionTwo is a careful selection of Rothbard’s most important scholarly articles. Some have appeared in mainstream journals, others have been long out of circulation, and still others are published here for the first time. It was Rothbard’s major ambition to shore up the scientific status of the Austrian School and, at the same time, demonstrate the theory’s radical, free-market implications for government policy.

The book confirms Rothbard as an intellectual giant, and presents his many contributions to the Austrian School, a systematic alternative to mainstream thought that reaches radical, free-market policy conclusions.
‘Rothbard writes in an engaging, provocative style, defending the praxeology of Ludwig von Mises. His writing is full of ideas with which economists should, in my view, disagree. However, no economist’s education is complete without being able to answer the challenges he poses.’
– Roger E. Backhouse, University of Birmingham, UK
Contents: Applications 1. Freedom, Inequality, Primitivism, and the Division of Labor 2. Restrictionist Pricing of Labor 3. Mercantilism: A Lesson for Our Times? 4. The Myth of Neutral Taxation 5. The Myth of Tax ‘Reform’ 6. Law, Property Rights, and Air Pollution 7. The Fallacy of the ‘Public Sector’ 8. Statistics: Achilles’ Heel of Government 9. Capitalism versus Statism 10. How and How Not to Desocialize Criticism 11. The Politics of Political Economists 12. Breaking Out of the Walrasian Box: Schumpeter and Hansen 13. Professor Rolph on the Discounted Marginal Productivity Theory 14. Professor Kirzner on Entrepreneurship 15. Samuelson’s Economics, Ninth Edition 16. Heilbroner’s Economic Means and Social Ends 17. Buchanan and Tullock’s The Calculus of Consent 18. The Hermeneutical Invasion of Philosophy and Economics 19. The Single Tax: Economic and Moral Implications 20. A Reply to Georgist Criticisms 21. The Myth of Free Banking in Scotland 22. Karl Marx: Communist as Religous Eschatologist Index