Does one have to make a choice between ideological purity and success as an economist? Many free-market economists believe that one has to choose one or the other. Murray Rothbard (1926–1995) held views on economics and government far outside the accepted mainstream. Nevertheless he was...

East Asian countries have recorded large increases in per capita GDP over the last fifty years. Some observers have referred to this growth as an “East Asian Miracle.” One popular explanation attributes the rapid growth to state led industrial development planning. This paper critically...