Tags » Murray Rothbard

Old macroeconomic fallacies never die, they just wait for the next recession

Thomas Kuhn’s Structure of Scientific Revolutions showed that sciences do not march onwards and upwards towards the light.

Kuhn found that once a central paradigm is selected, there is no testing or sifting, and tests of basic assumptions only take place after accumulated failures and anomalies in the ruling paradigm plunge the science into a crisis. 436 more words


So What is Aggression anyway?

At the heart of true libertarianism is the non-aggression principle. Throughout the ages mankind has expressed understanding of the idea that we should “live and let live” to the extent that we can do so. 1,007 more words

Society And Government

John Cowperthwaite, Hong Kong and the dangers of collecting statistics

The Colonial Office sent John Cowperthwaite to Hong Kong in 1945 to serve eventually as its financial secretary from 1961.

This Scotsman was very much a disciple of Adam Smith. 526 more words

Development Economics

Short blurb on Murray Rothbard

Murray Rothbard (1926-1995) was an economist at UNLV and is considered to be one of the most important figures of the post-war libertarian movement. Rothbard earned his BA and PhD from Columbia (his dissertation on… 320 more words


Does Murray Rothbard implicitly reject herd mentality?

In his lucidly written work Economic Depressions: Their Cause & Cure, Austrian economist Murray Rothbard attempts to explain why economies experience downturns otherwise known as “depressions”. 260 more words