Murray Rothbard


Murray Rothbard : biography

March 2, 1926 – January 7, 1995

After Rothbard’s death in 1995 Llewellyn Rockwell, President of the von Mises Institute, told the New York Times that Rothbard was "the founder of right-wing anarchism." William F. Buckley wrote a bitter obituary in the National Review criticizing Rothbard’s "defective judgment" and views on the Cold War.William F. Buckley, , National Review, February 6, 1995. The von Mises Institute published Murray N. Rothbard, In Memoriam which included memorials from 31 individuals, including libertarians and academics., Preface by JoAnn Rothbard, edited by Llewellyn H. Rockwell, Jr, published by Ludwig von Mises Institute,1995. In 1999 Murray Rothbard was ranked as number 13 in Time magazine’s "Person of the Century" poll, above Bill Gates, Franklin Roosevelt and Nelson Mandela.John McCaslin, , Washington Times, May 24, 1999, via Questia Online Library.

Economic writings

Rothbard was critical of Keynesian thought and of the utilitarian assumptions of mainstream economics., originally published in Dissent on Keynes: A Critical Appraisal of Keynesian Economics, Edited by Mark Skousen. New York: Praeger, 1992, pp. 171–198; Online edition at The Ludwig von Mises Institute.See Rothbard’s essay, "Jeremy Bentham: The Utilitarian as Big Brother" published in his work, Classical Economics. Instead, Rothbard adopted von Mises’ deductive method of economic thinking.Grimm, Curtis M.; Hunn, Lee; Smith, Ken G. Strategy as Action: Competitive Dynamics and Competitive Advantage. New York Oxford University Press (US). 2006. p. 43 According to economist Bryan Caplan, Rothbard’s view of welfare economics caused him to "implausably deny the coherence of the theory of public goods" and calls Rothbard’s theory of choice "inadequate." Caplan, Bryan (1999). "The Austrian Search for Realistic Foundations". Southern Economic Journal 65 (4): 823–838. Rothbard argued that even national defense and individual protection should be offered in a competitive market and not supplied by government.

Free market money

See also Free banking, Gold standard, and Monetary reform

Rothbard believed that governments’ exclusive authority over the regulation and money and credit was inherently destructive and unethical. His views comport with the Austrian theory of the business cycle, first developed by Mises and Hayek, which states that undue credit expansion induces unsustainable misallocation of resources to capital investment, (termed malinvestment,) ultimately leading to economic depression. He, therefore, strongly opposed central banking and fractional reserve banking and fiat money, which he called "legalized counterfeiting", Murray Rothbard institutionalized embezzlement and inherently fraudulent., Gary North

Rothbard called the current fractional reserve fiat currency system a "dismal monetary and banking situation."Instead, he advocated full reserve banking unregulated by any central bank,, Murray Rothbard and free banking.In such a system, he believed that privately issued gold-backed "free-market money" would predominate.See also these Rothbard articles: , ; , , ; , ,

Personal life

In addition to economics, history, and philosophy, Rothbard took an intense personal interest in chess, German Baroque church architecture, and early jazz, among other subjects. Rothbard criticized the "degeneration" of jazz and popular song into bebop and rock music.Rothbard, Murray.

Although Rothbard’s views towards religion were sympathetic, he was an atheist.

In his film reviews (printed under the pen name "Mr. First Nighter"), Rothbard criticized "slow, ponderous, boring" films which "reek of pretension and deliberate boredom," such as Juliet of the Spirits and The Piano.Murray Rothbard, . He generally praised films that represented "Old Culture" values which he felt were exemplified by the James Bond franchise: "marvelous plot, exciting action, hero vs. villains, spy plots, crisp dialogue and the frank enjoyment of bourgeois luxury and fascinating technological gadgets."