From a certain perspective Murray Rothbard may be seen as the most important Austrian School economist in its hundred and fifty year history. The decisive aspect is how we define an “Austrian economist” — whether we understand it as a historical term in the Viennese tradition, or accepta more modern meaning, associated with the emigrating tradition after the Second World War. In the article we will demonstrate the most important theoretical contributions of Rothbard, which are mostly crucial for the Austrian economics. Along with it we will also attempt to show that they mean a lot for economics in general. In the end, we will describe the vital role Rothbard played in shaping Austrian tradition in the last generations.
The paper is a continuation of the presentation of Rothbard’s criticism of state interventionism in economy. It is focused on its triangular version. As a triangular intervention we classify price controls, minimum wage, product regulation, including all sorts of monopolistic privileges, licenses and tariffs, production and employment standards, patents and copyright, and prohibition. The article also presents Rothbard’s views on the nature of monopoly and the possibility to create monopoly prices in the free market. Following Rothbard, we consider the mechanisms of statism and its side effects for entrepreneurial activity, violating not only the economic sphere, but also the ethics of liberty.
JavaScript jest wyłączony w Twojej przeglądarce internetowej. Włącz go, a następnie odśwież stronę, aby móc w pełni z niej korzystać.