Murray Rothbard

(Murray Newton Rothbard)

Murray Rothbard
Murray Rothbard
  • Born: March 2, 1926
  • Died: January 7, 1995
  • Nationality: American
  • Profession: Economist

20

Quotes

10

Citations

59

Concepts

0

Videos

Murray Newton Rothbard was an American heterodox economist of the Austrian School, historian, and a political theorist(pp11, 286, 380) whose writings and personal influence played a seminal role in the development of modern right-libertarianism. Rothbard was the founder and leading theoretician of anarcho-capitalism, a staunch advocate of historical revisionism and a central figure in the 20th-century American libertarian movement. He wrote over twenty books on political theory, revisionist history, economics and other subjects. Rothbard asserted that all services provided by the "monopoly system of the corporate state" could be provided more efficiently by the private sector and wrote that the state is "the organization of robbery systematized and writ large". He called fractional-reserve banking a form of fraud and opposed central banking. He categorically opposed all military, political and economic interventionism in the affairs of other nations. According to his protégé Hans-Hermann Hoppe, "[t]here would be no anarcho-capitalist movement to speak of without Rothbard".

Quotes About
Author Quote
Quotes
Quote Topics Cited
By its nature, government is not subject to the profit-and-loss test, to the domination by the consumers, of the free market …. it need serve no one except itself. The only limit on government is the enormously wide one of people rising up to refuse to obey its orders (including taxes); short of such revolution, however, there is little to limit government or to check the entrenchment or burgeoning of its elite. Management & Managing Government
Capitalism is the fullest expression of anarchism, and anarchism is the fullest expression of capitalism. Politics, Politicians & Political Campaigning & Fund Raising ;Capitalism
It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a 'dismal science.' But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance. Economics, The Economy & Fiscal Affairs
Regardless of how principled and ideological a political party may be, an essential point of party politics is to find jobs for the faithful of the winning party. If jobs cannot be found, the party system withers and dies, leaving only a self-perpetuating bureaucratic oligarchy behind. A system of minimal government can provide jobs for the winning party by throwing out the jobholders of the losing faction. But if civil service law freezes jobholders in place, the function of providing jobs for the winners can only occur by expanding the number of jobs: that is, at the expense of the taxpayers and of the productive, private sector. The "spoils system" allows all the costs to be imposed upon the losing party, and not at all on the body of the taxpayers. Surely a just and admirable system: who better to bear the costs of political defeat than the losing party? Management & Managing Government
Rights may be universal, but their enforcement must be local. Politics, Politicians & Political Campaigning & Fund Raising
The free market economy provides an unparalleled example of a continuing healthy circulation of elites. In this dynamic economy, failure to keep up with competitors, failure to satisfy the demands of consumers in the best possible way, will topple elites quickly and establish new ones who do the job better. Economics, The Economy & Fiscal Affairs
The Iron Law of Oligarchy: every field of human endeavor, every kind of organization, will always be led by a relatively small elite. Power
The natural tendency of the state is inflation. Economics, The Economy & Fiscal Affairs
Those bureaucrats who are shrewd analysts of human nature, then, and who understand the way rulers operate, will, if they see that the cherished policy of their President is in grave error, tend to keep their mouths shut, and let some other sucker be the messenger of bad news and get shot down. Human Nature
We" are not the government; the government is not "us." The government does not in any accurate sense "represent" the majority of the people Politics, Politicians & Political Campaigning & Fund Raising ;Capitalism
After the Volcker Fund collapsed, I got another grant from the Lilly Endowment to do a history of the U.S., which I worked on from 1962-66. The original idea was to take the regular facts and put a libertarian assessment on everything. History
All government wars are unjust. Government
Early economic theory was rooted in the Italian, French, and Spanish traditions, which were subjectivist oriented. Then it shifted onto the terrible path by Smith and Ricardo and the British classical tradition, which is 'objectivist' - values are in inherent in production.
If you wish to know how libertarians regard the State and any of its acts, simply think of the State as a criminal band, and all of the libertarian attitudes will logically fall into place.
It is in war that the State really comes into its own: swelling in power, in number, in pride, in absolute dominion over the economy and the society. Society ;Power ;War & Peace
Libertarians regard the state as the Supreme, the eternal, the best organized aggressor against the persons and property of the mass of the public. All states everywhere, whether democratic, dictatorial, or monarchical, whether red, white, blue or brown.
Positivism eliminates any kind of natural law principle - for example, that there are economic laws which can be transgressed only at your peril. With positivism, there is a tendency to leap into ad hoc economic theory.
Subjectivism is not an absolute principle; it is a necessary but not sufficient condition for sound methodology.
The State thrives on war - unless, of course, it is defeated and crushed - expands on it, glories in it. War & Peace
There is one good thing about Marx: he was not a Keynesian.