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More than any other single period, World War I was the critical watershed for the American business system. It was a "war collectivism," a totally planned economy run largely by big-business interest through the instrumentality of the central government, which served as the model, the precedent, and the inspiration for state corporate capitalism for the remainder of the century.

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When this gem first appeared in 1963, it took the form of a small paperback designed for mass distribution. We've conjured up that spirit again with this special edition of Rothbard's primer on money and government. Innumerable economists, investors, commentators, and authors have learned from this book through the decades. After fifty years, it remains the best book in print on the topic, a real manifesto of sound money. Rothbard boils down the Austrian theory to its essentials. The book also made huge theoretical advances. Rothbard was...

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Where did this thing called the Fed come from? Murray Rothbard has the answer here -- in phenomenal detail that will make your head spin. In one extended essay, one that reads like a detective story, he has put together the most comprehensive and fascinating account based on a century's accumulation of scholarship. The conclusion is that the Fed did not originate as a policy response to national need. It wasn't erected for any of its stated purposes. It was founded by two groups of elites: government officials and large financial and...

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Rothbard not only argues for the gold standard; he shows how it can be restored in a practical, step-by-step plan. No other system will stop the seemingly endless monetary inflation of the Federal Reserve system. He also makes his strongest case against fractional reserve banking. This essay was written in 1962 and this edition includes Rothbard's sweeping introduction from 1991, in which he argues that the true gold standard is more viable than ever.

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In this thrilling essay written in 1945, Mises lays out a theory of social organization in response to the Marxist critique of the free society. He explains that the Marxist view is wrong concerning its claim that there is a clash of group interests in the market order. He explains the difference in the competition between producers and a Marxian-type struggle. He shows how the relationships between labor and capital are essentially cooperative in that interests coincide over the long run - and so it is with all groups in a free society....

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This fiery monograph shows a side of Murray Rothbard not seen in his theoretical treatise: his ability to employ "power elite" analysis to understand the relationship between money, power, and war. Rather than allow the left to dominate this approach to history, Rothbard shows how wealthy elites are only able to manipulate world affairs via their connection to state power. Those mainstream historians might deride Rothbard's history as a "conspiracy" approach, Rothbard himself is only out to show that world affairs are not random...

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Summing up the work of libertarian economist and historian Murray N. Rothbard (1926-1995) and noting its stunning range, philosopher David Gordon once wondered "if there are really three, four, or five geniuses writing under his name." The lively essays collected in this book display one of those geniuses: Rothbard the journalist, cultural critic, political observer, and movement organizer. Even more remarkable, they represent just a fraction of what he wrote in his spare time, for just one publication, and in just the last few years of...

Edicion en Letras Grandes Mas en LargePrintLiberty.com. Murray Rothbard era conocido como el "Sr. Libertario," y tambien como "el enemigo mas grande del Estado." Y lo sigue siendo. Si, el tuvo muchos predecesores de quienes aprendio: toda la tradicion liberal clasica, los economistas austriacos, la tradicion estadounidense anti-guerra, y la tradicion de derechos naturales. Sin embargo, fue el quien puso todas las piezas juntas en un sistema unificado que parece poco posible en un primer momento, pero inevitable una vez que ha sido definido y defendido por Rothbard. Las piezas del sistema son...

Murray Rothbard era conocido como el "Sr. Libertario," y tambien como "el enemigo mas grande del Estado." Y lo sigue siendo. Si, el tuvo muchos predecesores de quienes aprendio: toda la tradicion liberal clasica, los economistas austriacos, la tradicion estadounidense anti-guerra, y la tradicion de derechos naturales. Sin embargo, fue el quien puso todas las piezas juntas en un sistema unificado que parece poco posible en un primer momento, pero inevitable una vez que ha sido definido y defendido por Rothbard. Las piezas del sistema son sencillas y claras (propiedad sobre uno mismo, estrictos...

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The world's financial system is in a precarious state, and everywhere the cry is heard for reform. The contributors to this notable anthology argue for one particular sort of reform, a return to the gold standard. They write from the perspective of the Austrian School.
Murray Rothbard incisively criticizes another proposal for monetary reform, the monetary denationalization suggested by F.A. Hayek. He agrees with Hayek that anyone should be free to offer whatever he wishes as money, but it does not follow that what people offer...