Man, economy and state by Rothbard
Posted: Sun May 01, 2022 5:11 am
Going down @jacob ‘s ‘big list of books’ I started reading ‘Man, economy and state (with power and market)’ by Murray Rothbard. Currently four chapters and about 300 (of 1400) pages in. Previously read his ‘America’s great depression’ and hazlitt’s ‘Economics in one lesson’ on the same subject, both which I enjoyed.
The book starts out with the very basics of economics describing transactions based on individual human actions/choice. I find it liberating in that it’s first principles. media’s and Wall Street economists’ aggregation of everything and spitting out data and conclusions using an assumed framework without much discussion of the basic principles seems to have led people’s understanding of things off on a scary tangent.
Anyone having read the book? What did you take away from it? Objections to his theories?
The book starts out with the very basics of economics describing transactions based on individual human actions/choice. I find it liberating in that it’s first principles. media’s and Wall Street economists’ aggregation of everything and spitting out data and conclusions using an assumed framework without much discussion of the basic principles seems to have led people’s understanding of things off on a scary tangent.
Anyone having read the book? What did you take away from it? Objections to his theories?