Murray Rothbard as a Philosopher
Murray Rothbard was a polymath, and philosophy is one of the fields to which he made important contributions. When people think of him as a philosopher, though, they often have in mind only his work in ethics and political philosophy,
Milton Friedman’s Methodological Mistake
In 1966, famed Chicago School economist Milton Friedman wrote a hugely influential essay on the methodology of economics entitled "The Methodology of Positive Economics" (contained in the volume Essays in Positive Economics). In distinguishing economics as a “positive science”, Friedman
Tobacco Smokers: America’s Most Persecuted Minority
[Editor's Note: following reports that the Biden administration is planning to ban menthol cigarettes and flavored cigarettes, the following is an article by Murray Rothbard written in August 1994.] Quick: Which is America’s Most Persecuted Minority? No, you’re wrong. (And it’s not
Local Nullification: A Way to Fight Both State and Federal Despots
Throughout American history, decentralists have championed “states’ rights” as the winning strategy for freedom, but what if that’s not enough? After all, states, in many cases, have themselves become instruments of grave tyranny. What are citizens to do when their
Vengeance and Sacrifice: Whiteness as Scapegoat in Critical Race Theory and Critical Whiteness Studies
The usual criticisms of critical race theory (CRT) have become patent and cliché by now. CRT essentializes race and those within races, figuring all white people as racist and all black people oppressed. It treats people not as individuals with
The Bureaucrat as a Voter
The bureaucrat is not only a government employee. He is, under a democratic constitution, at the same time a voter and as such a part of the sovereign, his employer. He is in a peculiar position: he is both employer
Monetary Savings versus Real Savings
According to the National Income and Product Accounts (NIPA) the US personal savings rate stood at 13.6 percent in February 2021 against 8.3 percent in February 2020. Since consumption expenditure is considered as the driving force of the economy, obviously a strengthening
How Markets Have Delivered More Economic Equality
I recently attended the Soho Forum debate between (democratic socialist) Ben Burgis and (libertarian) Gene Epstein on the question of whether capitalism or socialism would lead to the most prosperity, equality, and liberty. Ben took it for granted that a socialist
The Debate over the Scope of National Power
[Chapter 15 of Rothbard's newly edited and released Conceived in Liberty, vol. 5, The New Republic: 1784–1791.] At the end of May [of 1787], the convention approved with little debate the severely national power granted to Congress, including the absolute power to act when
A Jobless Recovery Is Coming to Europe
The destruction of the free market, competition, and innovation may seem appealing to some now, but the likely outcome of poor employment, negative real wage growth, and stagnation should be a real cause of concern. Original Article: "A Jobless Recovery Is