Frontmatter -- Preface -- Contents -- I . The Panic and Its Genesis: Fluctuations in American Business, 1815–21 -- II. Direct Relief of Debtors -- III. State Proposals and Actions for Monetary Expansion -- IV. Proposals for National Monetary Expansion -- V. Restricting Bank Credit: Proposals...

In the second volume of his collected essays The Logic of Action, Murray Rothbard again demonstrates his extraordinary range of thought. This volume considers among other issues, criticisms of some of the most influential economists and economic theories of the present and previous centuries.

This is the first extensive treatment from a modern Austrian perspective of the history of economic thought up to Adam Smith and as such takes into account the profound influence of religious, social and political thought upon economics.

As the first comprehensive treatment of Classical economics from a modern Austrian perspective, this important history of nineteenth century economic thought discusses the key members of each school and reassesses their work. Professor Rothbard’s approach offers new perspectives on both...

In this, the first of two volumes, Murray Rothbard – one of the major figures in twentieth-century Austrian economics – argues with clarity and force that economics is a deductive science based on the fundamental realities of action, scarcity and the passage of time.