Karlheinz Muhr Library

The Complete “Austrian School of Economics” Collection


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The archive.

1,549 works, 150 years of economic thought. Each one summarized and searchable, with cited passages inside.

▾··Arranged by ,
97–108 of 243 matches · 1,549 works totalPage 9 of 21; every summary opens into its work.
  1. 1991
    The Kennedy “Rape” Case

    The Kennedy “Rape” Case

    Murray N. Rothbard · 2 sections

    Commentators cried foul when NBC and the New York Times named the accuser in the 1991 Palm Beach case of William Kennedy Smith; Rothbard defends the press. Its business is to report public events, he argues, and once an accusation reaches the police it ceases to be private, so that demanding a victim's consent to publication would hand everyone a veto over the news. He presses the point against feminist inconsistency: if rape is merely violence, its victims should be named like any other, yet he rejects that slogan too, defining rape as sex joined to coercion. His sharper claim concerns credibility and degree; a victim's past cannot exculpate coercion, but in a crime that rarely leaves witnesses it may bear on believability and punishment, and it separates date rape from stranger rape.

    Rape is sex plus violence

  2. 1991
    The Mysterious Fed

    The Mysterious Fed

    Murray N. Rothbard · 1 sections

    Manufactured reverence is the real subject here: each Federal Reserve chairman, from Paul Volcker to Alan Greenspan, is instantly anointed indispensable to the dollar and the economy, though the awe belongs to the office, not the man. Prompted by Greenspan's 1991 reappointment, this Austrian polemic reads that cult as a confidence trick masking an insolvent system. Honest firms like Sony or Honda earn trust through consumer satisfaction; central banking must demand confidence precisely because full scrutiny would sink it. Beneath the mystique Rothbard finds a government-enforced banking cartel that creates money from thin air, buying Treasury bonds with checkbook entries conjured from nothing and seeding reserves on which banks pyramid far larger deposits. Regional Fed presidents split over inflation, he adds, and calls it no accident but a map of the cartel's competing interests.

    Mystery, appeals to confidence, lauding the alleged qualities of the head: all this amounts to a con-game.

  3. 1991
    The Right to Kill, With Dignity?

    The Right to Kill, With Dignity?

    Murray N. Rothbard · 1 sections

    Strip away consent, Rothbard argues, and the right to die becomes indistinguishable from a right to kill. His 1991 polemic against the euthanasia movement turns on the case of Helga Wanglie, an elderly woman in a persistent vegetative state whose living will, spunky instead of spineless, insisted she be kept alive, and whose care was privately funded, removing any appeal to taxpayer burden. When doctors, ethicists, and economists invoke prognosis, resources, and quality of life to withdraw support against her expressed wish, he sees not mercy but the substitution of professional judgment for individual will, which is to say homicide. Naming Steven Miles, Harry Schwartz, and Derek Humphry among his targets, he recasts death with dignity as a euphemism for rule by experts who claim benevolence while deciding another person is better off dead.

    No, the mask is off, and Doctor Assisted Death and Mr. Liberal Death With Dignity, and all the rest of the crew turn out to be simply Doctor and Mister Murder.

  4. 1991
    The Salomon Brothers Scandal

    The Salomon Brothers Scandal

    Murray N. Rothbard · 1 sections

    Financial scandals make juicy theater, and the 1991 Salomon Brothers affair had every prop, from arrogant Wall Street lions toppled to Warren Buffett riding in as rescuer, yet Rothbard reverses the moral. The firm's evasion of Treasury-auction limits was trivial, he argues, beside the single real fraud of signing customers' names to bond orders without consent; and both pale before the scandal no one denounced, the Treasury's decades-old privilege for a handful of anointed primary dealers, a state-chartered cartel that shuts out smaller houses. Beneath even that lies the swelling public debt, siphoning private savings into what he calls the rathole of government spending. His remedies escalate from British-style perpetual consols to outright Jeffersonian repudiation, a Treasury no one trusts being, in his telling, a polity inoculated against statism.

    Once again, the best way for government to benefit the economy is to disappear.

  5. 1991
    The Union Problem

    The Union Problem

    Murray N. Rothbard · 1 sections

    Two strikes at the New York Daily News and Greyhound frame Rothbard's compact anti-New-Deal labor theory, chapter 37 of Making Economic Sense: union power, he argues, rests less on ordinary bargaining than on coercion against employers, customers, property, and the replacement workers derided as 'scabs.' Everyone may quit or strike, but no one 'owns' a job, and picketing that blocks entry to a workplace is intimidation dressed as free expression rather than communication. Recasting the familiar pro-union history of Pullman and Homestead, he traces effective strikes to violence and, above all, to state-created privilege: the Norris-LaGuardia Act of 1932, which disarmed injunctions, and the Wagner Act of 1935, which turned voluntary bargaining into compulsory collective representation under the NLRB. Restore property rights, he concludes, by repealing both.

    In short, the use of violence is the key to the winning of strikes.

  6. 1991
    Welcome, Slovenia!

    Welcome, Slovenia!

    Murray N. Rothbard · 1 sections

    In September 1991, as Slovene units drove back a Serb-dominated Yugoslav army, Rothbard read the small republic's secession as a test case in national self-determination. Slovenia, he argues, is a genuine nation, coherent in language, religion, culture, and free of one ethnic group lording over another, unlike the artificial post-Versailles constructions he distrusts; Western, Catholic, bourgeois, and market-minded, it had long chafed under Yugoslav centralism. His deeper move is anti-imperial and anti-statist: independence came not from abstract justice or Western diplomacy but from armed resistance and near-unanimous popular support, the classical guerrilla pattern of terrain and legitimacy defeating an unwilling conscript force. Scorning Washington's and Europe's reverence for 'territorial integrity' as a ruling-class defense of existing borders, he welcomes Slovenia into the West, no thanks to George Bush.

    What did it was the force of Slovenian arms.

  7. 1991
    Why the War? The Kuwait Connection

    Why the War? The Kuwait Connection

    Murray N. Rothbard · 1 sections

    Not battlefield analysis but network analysis answers the question of why the United States fought the 1991 Gulf War. Rothbard treats Kuwait's oil billions as illegitimate state extraction by the Sabah dynasty, wealth ready, he suspects, to purchase defenders in Washington, and then follows the money through consultancies and boardrooms. The hub is Henry Kissinger and Kissinger Associates, that euphemistic 'international consulting firm'; the decisive figure is Brent Scowcroft, its former vice chairman turned national security adviser with paid Kuwaiti ties. Midland Bank, Fluor, ARCO, Bechtel, William Simon, and Saudi royal interests thicken the web. The argument is cumulative rather than juridical: no single smoking gun, but a dense pattern of overlapping incentives among Gulf monarchies, oil infrastructure, banks, and revolving-door policymakers, evidence, he insists, that requires no conspiracy theory, only open eyes.

    The Sabah tribe has no legitimate claim to the oil revenue; it did nothing to homestead or mix its labor or any other resource with the crude oil.

  8. 1991
    Wichita Justice? On Denationalizing the Courts

    Wichita Justice? On Denationalizing the Courts

    Murray N. Rothbard · 1 sections

    Personally pro-choice, Rothbard turns the 1991 Wichita Operation Rescue standoff away from abortion and toward a sharper question: who may legitimately wield coercion? Protecting the clinics, he argues, falls under Kansas's state and local police power, not the jurisdiction of federal courts and marshals, and a just end never validates the wrong sovereign instrument. Reviving a radical Jeffersonian constitutionalism, he pairs the Ninth Amendment's unenumerated rights with the Tenth Amendment's reserved powers, rejects Roe-era judicial supremacy by 'nine oligarchic hacks,' and repudiates precedents from Eisenhower's Little Rock intervention to the Reconstruction anti-Klan statute Judge Kelly invoked. Federal domestic coercion, in his most provocative move, becomes structurally identical to foreign intervention. 'Denationalizing the courts' thus folds a libertarian abortion-rights sympathy into a wider project of dismantling centralized power.

    The slogan here should be “U.S. Out of Kansas,” or “Kansas for the Kansans”; let the Kansans settle their own affairs.

  9. 1992
    "Free Trade" in Perspective

    "Free Trade" in Perspective

    Murray N. Rothbard · 5 sections

    "Free and fair trade" — the Bush administration's phrase — is the target here: a slogan Rothbard treats as hypocrisy, contradicted by managed trade with Japan and a fixation on bilateral deficits he calls a fallacy the 17th-century mercantilists had already discarded. His larger move is to widen the definition of free trade beyond the mere absence of tariffs. Genuine freedom, he insists, must also be unregulated and unsubsidized, which turns three establishment favorites into protectionism by other routes: regional blocs like the European Community that raise external barriers, foreign aid as disguised export subsidy, and — the gravest danger — a coordinated world central bank issuing fiat money. His alternative is unilateral: cut the barriers, no treaties required.

    The major point is that genuine free trade requires no negotiations, treaties, super-power creations, or presidential jetting abroad. All it requires is for the United States to cut tariffs and quotas, as well as taxes and regulations. Period.

  10. 1992
    A Strategy for the Right

    A Strategy for the Right

    Murray N. Rothbard · 9 sections

    Assembled as a dossier on the American right's lost genealogy, this Rothbard-centered collection asks how anti-New Deal constitutionalists, libertarians, and anti-interventionists were displaced by Cold War conservatism and neoconservative gatekeeping. The title chapter defines the 'Original' Right of 1933 to 1955 as radical rather than conservative: America First, anti-statist, bent on rollback of a regime the New Deal had already transformed. Ruling classes govern through manufactured legitimacy, Rothbard argues, invoking La Boetie, Mises, and Calhoun; so the movement cannot win through Hayekian elite persuasion or Fabian gradualism, but needs a confrontational right-wing populism with a social base outside managerial institutions. Memoir, interview, and polemic braid together: McCarthy and Buchanan as populist exemplars, Buckley and National Review as the purgers who narrowed the right, and a closing call to 'repeal the twentieth century.'

    The Marxists, who have spent a great deal of time thinking about strategy for their movement, always pose the question: who is the agency of social change?

  11. 1992
    Are Diamonds Really Forever?

    Are Diamonds Really Forever?

    Murray N. Rothbard · 1 sections

    The most successful cartel in history was no advertisement for free-market monopoly. DeBeers seems to refute the Austrian claim that cartels are inherently unstable, having restricted supply through its Central Selling Organization and held prices above competitive levels for decades, yet Rothbard insists the market was never really free. South African nationalization, state licensing, and the criminalizing of 'illegal' independent miners supplied the coercion that private property and exchange never could; the Soviet Union, monopolist to monopolist, cooperated rather than competed. Then comes Angola: civil war's end, wildcat prospectors on the Cuango River, and drought-exposed alluvial deposits that no fence or patrol can enclose. Rising inventories, forced purchases, a dividend cut, and a 25 percent sales cutback reveal the fragility cartel theory predicts once the barriers to competition begin to fall.

    If you fly a patrol over the province you can get shot down by a missile. And it's a 100-mile river. You can't put a fence around it.

  12. 1992
    Are We Undertaxed?

    Are We Undertaxed?

    Murray N. Rothbard · 1 sections

    Establishment economists who pronounced early-1990s America 'undertaxed' are Rothbard's quarry in this brief polemic from Making Economic Sense. Robert Solow, Benjamin Friedman, Charles Schultze, and the Galbraithian lament over 'private affluence and public squalor' all rest, he argues, on one fallacy: the idea that coerced government spending is a form of saving and investment, superior to the private kind. It is nothing of the sort. Higher taxes drain command over resources from individuals disciplined by profit, loss, and consumer choice, handing it to politicians and bureaucrats whose expenditure is political consumption disciplined only by political incentives. Comparisons to heavier European burdens beg the question; the Soviet Union, where the state took everything, is his reductio. The cure for public squalor is not more revenue but privatization, tested, he proposes, as a Great Social Experiment.

    All government spending, far from deserving the term "investment," is in reality consumption spending by politicians and bureaucrats.

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