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Murray Rothbard

A collection of 3 issues

What is Austrian Economics?

In this old essay I originally published at Econlib on the 150th anniversary of Carl Menger's Principles of Economics, I don't provide the definitive answer, but I do provide an introduction to key themes, debates, ideas, and personalities. Is 1871 the most important year in the

Diamonds are Forever - Cartel and Monopoly

I'm posting a 14-part series of mini-essays on diamonds (but really about the economic point of view). Here's part 7. Cartel and Monopoly Besides the Diamond-Water Paradox, diamonds probably come up most frequently in economics courses to illustrate issues pertaining to cartels and monopoly. For a

Yes, Government IS Like These Signs

In a recent post, Art asks rhetorically whether government is like these signs: As Murray Rothbard masterfully explains in these old lectures, government policy is at war with itself: 4. Price Controls in the Oil IndustryThe disappearance of oil has been forecast every decade. Prices were overlooked. When the price