Murray Rothbard

Murray Rothbard

Murray Newton Rothbard (March 2, 1926 – January 7, 1995) was an American economist, historian, and political theorist. He was a prominent exponent of the Austrian School of economics and fundamentally influenced the American libertarian movement and contemporary libertarian and classical liberal thought, by theorizing a form of free-market anarchism which he termed "anarcho-capitalism". Rothbard wrote over twenty books and is considered a centrally important figure in the American libertarian movement.

Building on the Austrian School's concept of spontaneous order, support for a free market in money production, and condemnation of central planning Rothbard advocated abolition of coercive government control of society and the economy. He considered the monopoly force of government the greatest danger to liberty and the long-term well-being of the populace, labeling the state as "the organization of robbery systematized and writ large" and the locus of the most immoral, grasping and unscrupulous individuals in any society.

Rothbard concluded that all services provided by monopoly governments could be provided more efficiently by the private sector. He viewed many regulations and laws ostensibly promulgated for the "public interest" as self-interested power grabs by scheming government bureaucrats engaging in dangerously unfettered self-aggrandizement, as they were not subject to market disciplines. Rothbard held that there were inefficiencies involved with government services and asserted that market disciplines would eliminate them, if the services could be provided by competition in the private sector.

Rothbard was equally condemning of state corporatism, criticizing many instances where business elites co-opted government's monopoly power so as to influence laws and regulatory policy in a manner benefiting them at the expense of their competitive rivals.

He argued that taxation represents coercive theft on a grand scale, and "a compulsory monopoly of force" prohibiting the more efficient voluntary procurement of defense and judicial services from competing suppliers. He also considered central banking and fractional reserve banking under a monopoly fiat money system a form of state-sponsored, legalized financial fraud, antithetical to libertarian principles and ethics. Rothbard opposed military, political, and economic interventionism in the affairs of other nations.

Read more about Murray RothbardLife and Work, Austrian School Writings, Ethical and Political Views, Political Activism, Personal Life, Bibliography

Other articles related to "murray, rothbard, murray rothbard":

Anarcho-capitalism and Other Anarchist Schools
... Murray N ... Rothbard, one of the great philosophers of anarcho-capitalism, used a lot of time and effort to define legitimate property and the generation of value, based ... Rothbard's The Ethics of Liberty) ...
Murray Rothbard - Bibliography
... by Mises, Hayek, Haberler) Irrepressible Rothbard The Rothbard-Rockwell Report Essays of Murray N ... Rothbard ... (Full Text.) (Preface by JoAnn Rothbard) (Introduction by Lew Rockwell.) ISBN 1-883959-02-0 ...
Anarcho-capitalism - Philosophy - Ethics
... Murray Rothbard said that the difference between free-market capitalism and "state capitalism" is the difference between "peaceful, voluntary exchange" and a collusive partnership between business and ... (Rothbard is credited with coining the term "Anarcho-capitalism") ... Anarchist theorist Murray Rothbard argued that all government services, including defense, are inefficient because they lack a market-based pricing mechanism regulated by the voluntary ...
Anarchism In The United States - Notable Anarchists - Murray Rothbard
... Murray Rothbard (March 2, 1926 – January 7, 1995) was an American economist and political philosopher who is best known for theorizing anarcho-capitalism, which opposes the ... Rothbard was "a student and disciple of the Austrian economist Ludwig von Mises, combined the laissez-faire economics of his teacher with the absolutist views of human rights and rejection of the state he had ... the nineteenth century individualists, Rothbard believed that security should be provided by multiple competing businesses rather than by a tax-funded central agency ...
Anarchism And Anarcho-capitalism - Anarcho-capitalism and Economics
... Murray Rothbard was "a student and disciple of the Austrian economist Ludwig von Mises, combined the laissez-faire economics of his teacher with the absolutist views of human rights ... ” Like the nineteenth century individualists, Rothbard believed that security should be provided by multiple competing businesses rather than by a tax-funded central agency ... Rothbard also disagreed with Tucker that interest would disappear with unregulated banking and money issuance ...

Famous quotes containing the word murray:

    Because you live, O Christ,
    the spirit bird of hope is freed for flying,
    our cages of despair no longer keep us closed and life-denying.
    The stone has rolled away and death cannot imprison!
    O sing this Easter Day, for Jesus Christ has risen!
    —Shirley Erena Murray (20th century)