EPISODE · Sep 1, 2009
Volume 3 of Rothbard’s History of Economic Thought
from Kinsella on Liberty
It's a tragedy Rothbard died in 1995, before he could finish his History of Economic Thought series. At the time of his death, he had only published volumes I and II (epub and PDF files available here). However, as noted in the Mises store entry for Vol. III, The History of Economic Thought: From Marx to Hayek, although he "died before he could write his third volume of his famous History of Economic Thought that would cover the birth and development of the Austrian School, through the Keynesian Revolution and Chicago School," "he had already mapped out the entire project." And, it turns out: it's on tape! "Fortunately, the Mises Institute had Rothbard lecture on his discoveries and analysis of this period while he was researching the topic. The tapes were only recently discovered. We re-mastered them, and put them on a single MP3-CD: nearly seven hours of lectures." See links in The History of Economic Thought: From Marx to Hayek, with links below; see also these youtube playlists: 1, 2. 1. Ideology and Theories of History 01/13/2006•Murray N. Rothbard Tags:Other Schools of Thought,Philosophy and Methodology,World History History is not an inevitable march upward, as concluded in the 1830s. That determinist view put the stamp of approval on everything past and present. It permeates economic history. It ignores the great moral choices. History is a race between state power and social power. 2. The Emergence of Communism 01/13/2006•Murray N. Rothbard Tags:Other Schools of Thought,World History The roots of Marxism were in messianic communism. Marx’s devotion to communism was his crucial point. Violent, worldwide revolution, in Marx’s version made by the oppressed proletariat, would be the instrument of the advent of his millennium, communism. 3. The Pre-Austrians 01/13/2006•Murray N. Rothbard Tags:Other Schools of Thought,World History Richard Cantillon was quite Misesian before Mises. He wrote of utility theory and the entrepreneur’s uncertainty in the 1970s. Cantillon was a great money practitioner. He became a bank and banker to the Jacobite Stuart line and to John Law who launched paper money inflation. 4. Menger and Böhm-Bawerk 01/13/2006•Murray N. Rothbard Tags:Austrian Economics Overview,Other Schools of Thought,World History Carl Menger, 1840-1921, founded Austrian economics. Eugen von Bohm-Bawerk was the most important student. Weiser was his brother-in-law, but was fairly pre-Keynesian. Mises was the great successor to Bohn-Bawerk. 5. Mises and Austrian Economics 01/13/2006•Murray N. Rothbard Tags:Austrian Economics Overview,History of the Austrian School of Economics,Other Schools of Thought The essence of Austrian economics is based on the analysis of individual action. In other words, it is about individuals doing things, having purposes and goals and pursuing them. Other schools of economics deal with aggregates, groups, classes, wholes of one sort or another, without focusing on the... 6. Hayek and His Lamentable Contemporaries 01/13/2006•Murray N. Rothbard Tags:History of the Austrian School of Economics,Other Schools of Thought The Nobel award to F.A. Hayek in 1974 went directly against the tradition of that prize to go only to mathematical forecasters, left-liberals, and government central planners. Not only was Hayek’s work pioneering, but it is also the only correct analysis of business cycles past, present and future... *** Note: The links below now also contain transcriptions of the lectures (thanks to a donation from Thomas Topp), which I have stitched together as a single file (PDF). Update: Many of these links are now broken by mises.org. See above links for current media. Hayek and His Lamentable Contemporaries The final lecture in a series of six, taken from the MP3 CD entitled "The History of Economic Thought: From Marx to Hayek" [1:07:46] Murray N. Rothbard Thursday, January 12, 2006 Mises and Austrian Economics The fifth in a series of six lectures, taken from the MP3 CD entitled "The History of Economic Thought: From Marx to Hayek" [56:38] Murray N. Rothbard Thursday, January 12, 2006 Menger and Böhm-Bawerk The fourth in a series of six lectures, taken from the MP3 CD entitled "The History of Economic Thought: From Marx to Hayek" [1:11:37] Murray N. Rothbard Thursday, January 12, 2006 The Pre-Austrians The third in a series of six lectures, taken from the MP3 CD entitled "The History of Economic Thought: From Marx to Hayek" [1:11:55] Murray N. Rothbard Thursday, January 12, 2006 The Emergence of Communism The second in a series of six lectures, taken from the MP3 CD entitled "The History of Economic Thought: From Marx to Hayek" [1:11:47] Murray N. Rothbard Thursday, January 12, 2006 Ideology and Theories of History The first in a series of six lectures, taken from the MP3 CD entitled "The History of Economic Thought: From Marx to Hayek" [1:06:34] Murray N. Rothbard Thursday, January 12, 2006
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Volume 3 of Rothbard’s History of Economic Thought
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