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Quote by Murray Rothbard

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The Logic of Action Two: Applications and Criticism from the Austrian School

This book delves into the theoretical foundations of the Austrian School of economics, examining its real-world applications and engaging with critical perspectives on its theories. more

Author

Murray Rothbard
Murray Rothbard

Murray Rothbard was a renowned economist known for his profound understanding and advocacy of free-market economics. He had extensive research and contributions in the fields of economics, political philosophy, and history. more

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“The diversity of mankind is a basic postulate of our knowledge of human beings. But if mankind is diverse and individuated, then how can anyone propose equality as an ideal? Every year, scholars hold Conferences on Equality and call for greater equality, and no one challenges the basic tenet. But what justification can equality find in the nature of man? If each individual is unique, how else can he be made 'equal' to others than by destroying most of what is human in him and reducing human society to the mindless uniformity of the ant heap?”

IfsMenYearsHumansMadeIndividualChallengesHuman BeingsLibertyGreaterEconomicMankindEqualDiversityUniqueIdealsEconomicsDestroyingScholarDiverseJustificationConferencesProposeAntsReducingHuman SocietyMindlessNature Of ManUniformity
Book:Man, Economy, and State, Scholar's Edition
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“The power to determine the quantity of money... is too important, too pervasive, to be exercised by a few people, however public-spirited, if there is any feasible alternative. There is no need for such arbitrary power... Any system which gives so much power and so much discretion to a few men, [so] that mistakes - excusable or not - can have such far reaching effects, is a bad system. It is a bad system to believers in freedom just because it gives a few men such power without any effective check by the body politic - this is the key political argument against an independent central bank.”

PeopleIfsMenNeedsGivingImportantBodyPoliticalMistakeLibertyPowerEconomicEffectsTrustKeysArgumentIndependentDetermineBelieverChecksAlternativesReachingQuantityArbitraryDiscretionSpiritedCentral BanksEconomic FreedomPolitical Arguments
Author:Milton Friedman
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“Fundamentally, there are only two ways of coordinating the economic activities of millions. One is central direction involving the use of coercion - the technique of the army and of the modern totalitarian state. The other is voluntary cooperation of individuals - the technique of the marketplace.”

WayTwoStatesUseIndividualLibertyMillionsEconomicModernActivityEconomicsArmyLibertarianTechniqueCooperationLibertarianismFree MarketMarketplaceCoercionTwo WaysInvolvingIndividual LibertyTotalitarian StateCoordinating
Book:Milton Friedman on Freedom: Selections from The Collected Works of Milton Friedman
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