Mises Institute

Bob reviews Murray Rothbard's 1988 essay "The Myth of Free Banking in Scotland," his sharp response to Larry White's influential account of Scottish free banking.

The Israeli president joins Milei in pushing a pro-Israel axis of states in the Americas. (With the US leading the way, of course.)

"Conservative leader Fujimori was sworn in as Peru’s president Tuesday after winning the June election by fewer than 50,000 votes."

Recently, the Supreme Court released two major executive power opinions. First, in Trump v. Slaughter, the Court held the Constitution vests the whole executive

In 1962, despite professional and institutional obstacles, Man, Economy, and State was finally published. With it, Rothbard greatly advanced the Austrian tradition and firmly positioned himself as Mises’s heir.

With advances in the Austrian theory of the business cycle, Rothbard finally completed the monumental task of deducing the entire corpus of economic theory using the praxeological method.

Murray Rothbard’s project drastically changed in mid-1953. Unable to rely on Mises’s sparse treatment of production theory, Rothbard adopted his old Marshallian approach, focusing on an individual firm that faced fixed prices and restricted investment decisions.

Murray Rothbard’s economic perspective changed significantly in 1949 when he met Ludwig von Mises and read his magnum opus, Human Action.

Murray N . Rothbard: The Making of an Austrian Economist is written for everyone interested in Rothbard’s economic theory and Austrian economics in general.