_Dynamics of the Mixed Economy_ applies the insights of modern Austrian political economy to examine economic policy in mixed economies. It compares and contrasts standard approaches to the growth of the state with that of modern Austrian political economy; examines in detail the nature and operation of the interventionist process in the context of nationalization, regulation and the welfare state; analyzes conditions that produce instability under laissez-faire capitalism; argues that the interventionist process is a 'spontaneous order'; and offers several 'pattern (...) predictions' regarding the character and behaviour of really existing economies. (shrink)

In his new introduction to this current edition of this classic in the field originally published in 1982 (Humanities Press), Hoppe (economics, U. of Nevada, Las Vegas--as was the late author) extols Rothbard's marriage of the "value-free" science of economics with the normative enterprise of ethics and their offspring: libertarianism. Discussion areas are: natural law, a theory of liberty, the state vs. liberty, modern alternative theories of liberty, and toward a theory of strategy for liberty. Annotation copyrighted by Book News, (...) Inc., Portland, OR. (shrink)

No one could have admired and respected Ludwig von Mises more than did Murray Rothbard, who dedicated his magnum opus in economic theory, Man, Economy, and State, to his great mentor. Yet Rothbard did not shy away from criticizing Mises when he believed such criticism to be called for. Thus, in The Ethics of Liberty, Rothbard subjects Mises’s utilitarian liberalism to a searching critique, concluding that it is ultimately incapable of serving as the intellectual foundation for a free society. It (...) is in this Rothbardian spirit of respectful engagement with the thought of Ludwig von Mises that this paper, dealing with a few key issues of politics raised by Mises’s Liberalism, is offered. (shrink)