Download e-book for iPad: Murray Rothbard (Major Conservative and Libertarian by Gerard Casey

By Gerard Casey

ISBN-10: 1441100792

ISBN-13: 9781441100795

Murray Rothbard (1926-1995) used to be an economist, historian, thinker, and criminal theoretician. His paintings used to be unified by way of a passionate and resolute dedication to a libertarianism that could be characterised as 'anarcho-capitalism' and which implied a trust that even the criminal process can be supplied privately with out the necessity for a coercive collective authority. for this reason, anarcho-capitalists envisage a society the place the normal function of presidency is utterly subsumed by way of deepest, profit-making corporations and all social relationships are finally based upon consent.

Rothbard's particular highbrow contribution was once to construct the program of concept from many pre-existing yet formerly disparate strands and to boost it to its logical end. Rothbard's beginning issues have been the notions of methodological individualism, normal rights idea, and person self-ownership. He confirmed that if we would like those heavily then the justification for presidency falls away. based on Rothbard executive can simply be 'justified' if we abandon the concept that people have the appropriate to figure out what to do with their very own our bodies, a step he believed to be unconscionable.

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Extra resources for Murray Rothbard (Major Conservative and Libertarian Thinkers)

Sample text

Given that welfare economics is subject to what Rothbard terms the ‘Pareto Unanimity Rule’ which holds that a change, C, increases social welfare if and only if at least one person is better off and no one is worse off; if even one person is worse off, economics as a value-free discipline can make no supportable claim about overall welfare. ‘Any statement about social utility would, in the absence of unanimity, imply an ethical interpersonal comparison between the gainers and the losers from a change.

For Rothbard, it is simply inconceivable that human beings should exist but not act. Attempts to deny this axiom are themselves instances of human action and so self-referentially incoherent. ‘[I]f a man cannot affirm a proposition without employing its negation, he is not only caught in an inextricable self-contradiction; he is conceding to the negation the status of an axiom’ (Rothbard 1997d, 6; see Rothbard 2004, 2). Rothbard appears to distance himself from Mises in his characterization of the action axiom.

In physics, the ultimate assumptions cannot be verified directly, because we know nothing directly of the explanatory laws or causal factors. Hence the good sense of not attempting to do so, of using false assumptions such as the absence of friction, and so on. But false assumptions are the reverse of appropriate in economics. For human action is not like physics; here, the ultimate assumptions are what is clearly known, and it is precisely from these given axioms that the corpus of economic science is deduced.

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Murray Rothbard (Major Conservative and Libertarian Thinkers) by Gerard Casey


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