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.

Economists have long believed that government’s tax and expendi- ture policy either is, or can readily be made to be, neutral to the market. Free-market economists have advocated such neutrality of government, and even economists favoring redistributive actions by government have believed...