
Man, economy, and state
by Murray N. Rothbard · first published 1962
14mentions
8recommended by
13HN commenters
2009–2025first – last mentioned
62% recommend38% neutral
Why HN recommends it
A comprehensive treatise on economics from the Austrian school. It offers a thorough foundation in the subject, though its density makes it slow going.
Summarised by Claude from recommending comments
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Sorry, while I said "I believe", I should have stated it as a fact, as I consider it essentially proven by economics. I suggest you read Man, Economy and State by Murray Rothbard. But if you want something shorter and quicker, try Economics in One lesson by Henry Hazlitt. Both are available free online.
on “Inside the libertarian version of Burning Man: Guns, booze and bitcoin” ↗Since it wasn't mentioned in the thread: Man, Economy, and State by Murray Rothbard. By far the best economics book I have read.
on “Colleges Consider 3-Year Degrees To Save Undergrads Time, Money” ↗* Economics in One Lesson by Hazlitt * Man, Economy, and State by Rothbard * Road to Serfdom by Hayek * Capitalism and Freedom by Freedman * Anarchy, State, and Utopia by Nozick (politics/philosophy, but a great book) * What has the government done to our money…
on “Ask HN: Getting a grip on economics” ↗> I finally broke down and included my "Man, Economy, and State" by Murray N. Rothbard Too dense for me, reading pace was too slow. It's good, but reading it is hard work. I'd recommend "Mystery of Banking" first, which is smaller in scope, easy to read, very informative.…
on “Hayek's Road to Serfdom #1 on Amazon Today” ↗Missing is the most comprehensive treatise on economics in the 20th century, perhaps ever: “Man, Economy & State” by Murray N. Rothbard. https://mises.org/library/man-economy-and-state-power-and-ma... Another is Rothbard’s little book, “What Has Government Done to Our Money?” which provides a wonderfully accessible introduction to the theory and history of money. https://mises.org/library/what-has-government-done-our-money
on “Books to Understand Economics” ↗…this conclusions by just starting with axioms that humans have a priori ideas how their situation can be improved and human acts with a goal to reach ideas. This is shown by Murray Rothbard in his book Man, Economy and State. We cannot reach the same conclusion by just calculating ratios from historical data, due these being complex phenomena that have many confounding variables. We need to have a priori ideas to be able…
on “Maria Montessori” ↗With regard to the $1T platinum coin, sounds like more people should read "Man, Economy, and State" https://mises.org/library/man-economy-and-state-power-and-ma... There is a lack of understanding around money and currency, and how they come to exist in an economy.
on “The hole at the heart of economics: the consent of the governed” ↗…Method. [0] Re: my previous comment, that, in short, money and credit are like any other markets. If you're interested in a gentle introduction to the Austrian school of thought I recommend the book Man, Economy, and State. Skip the final section of the book entitled Power and Market. [1] [0] https://mises.org/library/economic-science-and-austrian-meth... [1] https://mises.org/library/man-economy-and-state-power-and-ma...
on “Do We Need Central Banks? (2017)” ↗…absence of any other taxation. If not, I suspect that society is broken in ways that can't be fixed by compulsory taxation, either. Rothbard goes into a bit more detail ;) here: https://mises.org/library/man-economy-and-state-power-and-ma...
haha...I finally broke down and included my "Man, Economy, and State" by Murray N. Rothbard that I've been intending to read for years in my latest delivery to the goodwill centre (like a 2nd hand shop). I'd love to possess the knowledge contained within without working…
on “Hayek's Road to Serfdom #1 on Amazon Today” ↗…to be as empirical as mathematics and a decent amount of mainstream economics. IIRC, in Human Action, Mises argues Economics is like (Euclidean) geometry, echoing Kant's rationalism. I believe then in Man, Economy, and State, Rothbard argues for term logic in natural language as opposed to predicate logic represented symbolically. It's good for laymen and philosophy-fans but bad for introducing implicit assumptions (basically…
on “Why I Am Not an Austrian Economist” ↗…easier for a human to read two or more LLM outputs and encode their preferences through comparison. This reminded me a lot of what economist Murray Rothbard talked about on preferences in his treatise Man, Economy, and State. There is likely to be other insights hidden in these philosophical works on human choices.
on “What We Know About LLMs (A Primer)” ↗…I would not attempt to break it up unless its members were breaking other rules. If you want an explanation for why cartels are nearly impossible to maintain in a free market environment, please read “Man, Economy and State” chapter 10, part 2, section D I was curious what kind of economics textbook would state that cartels could not form in a free market. It turned out to be a book written by "the founder and leading theoretician…
on “Ross Ulbricht Convicted of Running Silk Road as Dread Pirate Roberts” ↗Rationality and efficient markets are never mentioned once, to my knowledge, in Man, Economy, and State.
on “Do We Need Central Banks? (2017)” ↗