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Making Economic Sense Paperback – 16 Mar 2006


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Product details

  • Paperback: 534 pages
  • Publisher: Ludwig von Mises, Institute; 2 edition (18 Jun. 2014)
  • Language: English
  • ISBN-10: 0945466463
  • ISBN-13: 978-0945466468
  • Product Dimensions: 15.2 x 3.1 x 22.9 cm
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (2 customer reviews)
  • Amazon Bestsellers Rank: 3,905,058 in Books (See Top 100 in Books)

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Format: Kindle Edition Verified Purchase
Rothbard is one of the leading economists of the 'Austrian' School. He shows why the western economies stagger from boom to bust following Keynesian theory. This theory still carries great weight among mainstream economists despite being falsified time in the real world time and again. Wishful thinking and the appeal to governments of borrowing, inflating and spending have got us in the present mess. With clarity and humour Rothbard exposes the myths of Keynesian economics.
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By dikdok on 21 Mar. 2013
Format: Paperback Verified Purchase
Rothbard makes the 'dismal science' come to life with his ascerbic comments on the maladministration of the US economy. Should be read by all who want to understand how our leaders keep making a mess of things.
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Most Helpful Customer Reviews on Amazon.com (beta)

Amazon.com: 11 reviews
24 of 24 people found the following review helpful
Rothbard's legacy: a fine posthumous collection 27 Dec. 1998
By John S. Ryan - Published on Amazon.com
Format: Paperback
Murray Newton Rothbard tragically ceased to be "the State's greatest _living_ enemy" when he died in 1995. But his thought lives on in this posthumous collection, mostly drawn from his monthly essays for _The Free Market_ between 1982 and 1995.

These essays cover a wide range of topics, from the welfare state to Clintonomics to fiat money to U.S. intervention in the Middle East -- and Rothbard is uniformly sharp, clear, incisive, and witty wherever he turns his pen.

This collection should also be of interest to those of Rothbard's readers who have heard that he somehow changed his views near the end of his life; the fact is that Rothbard was as strongly laissez-faire and libertarian in his later years as he had ever been.

Some of his readers had simply failed to recognize that the earlier Rothbard was not at all "libertine" but socially quite conservative; they were therefore surprised that he found anything good to say about Pat Buchanan (as he does here, several times) or against allowing illegal aliens to have access to the vast machinery of the welfare state (as in a passage regarding California's Prop. 187 in the book's final essay, a previously unpublished commentary on the November 1994 elections).

As the essays in this volume make clear, it was those readers, not Rothbard, who were guilty of inconsistency. Rothbard was uncompromisingly and consistently devoted to liberty throughout his entire career; he simply did not, as some of his readers have done, confuse antifederalism with moral nihilism.

Also, the penultimate essay provides an overview of the history of the Ludwig von Mises Institute (Auburn, AL), of which Rothbard was Academic Vice President until his death. By the time readers reach this essay, they will be unsurprised that, when Austrian economics sprang again to life in the 1980s and 1990s, it was wearing a rumpled jacket and a bow tie.
10 of 10 people found the following review helpful
A great collection Rothbard's shorter essays 28 Feb. 2001
By M. Livshutz - Published on Amazon.com
Format: Paperback
I liked this book because it tries to fill in the gap in the free-market literature of today. I find too many free-market many books on general topics like taxes, education, antitrust, money, and economics in general. However, I like to see real-world opinions of a noted libertarian on topics of the day. This collection is just that. Here, I can see how Rothbard applied his fundamental beliefs and knowledge to the contemporary news stories. The essays range from 1982 to 1995. I can compare his views with views of other commentators, both leftists and conservatives. It's too sad he did not live through all the Clinton years, I'm sure he'd have had much to say. I learned much from these short essays because they _are_ short and to the point.
8 of 8 people found the following review helpful
Rothbard Makes Sense 2 Jan. 2003
By Steve Jackson - Published on Amazon.com
Format: Paperback
From 1982 to his death in 1995, Murray Rothbard wrote a monthly column for the Ludwig von Mises Institute's newsletter, The Free Market. In these columns - which are collected here - Rothbard commented on the economic affairs and policies of the day. While these pieces generally use certain current events as the starting point, Rothbard used these events as a springboard to discuss Austrian economics. Taken as a whole, they provide an excellent introduction to economics from the Austrian school.
This book also contains a few unpublished pieces. The best is Rothbard's analysis of the 1994 elections. As usual, Rothbard gets to the crux of the issues involved, dealing with the characters whose actions (often behind the scenes) were decisive. Reading this piece reminded me of how much we lost in Murray's death - not just a brilliant theoretician, but a man whose comments on the events of the day were a constant source of illumination. Make sure you also get THE IRREPRESABLE ROTHBARD, his collection of essays from the Rothbard-Rockwell report.
6 of 6 people found the following review helpful
Nice overview of the Austrian perspective as applied to a diverse array of economic and political issues 8 April 2010
By Amazon Customer - Published on Amazon.com
Format: Paperback
Making Economic Sense is a large (~500 pages) compendium of articles by Murray Rothbard that were originally published in the 1980s and 1990s by the Ludwig Von Mises Institute in their newsletter, The Free Market.

The 100+ articles in the book are relatively brief and deal with a broad range of economic and political issues. The uniqueness of this compendium is the decidedly Austrian economic perspective of the writer, which emphasizes liberty, free markets, and private property.

Although an economist, Rothbard writes very well and very honestly as he critiques the government's enfringment on liberty and private enterprise. He makes a lot of sense and much of what he says is echoed by the few lone voices calling out for freedom in the political wilderness (e.g., Ron Paul) today.

Making Economic Sense is a great, non-technical introduction to Austrian Economics, providing a nice overview of the Austrian perspective as applied to a diverse array of economic and political issues.
2 of 2 people found the following review helpful
Short articles to explain economic situations 4 Aug. 2006
By William Byrd - Published on Amazon.com
Format: Paperback
This is a great book to fill the void if you are lacking in free market economics. Murray Rothbard, a profound Austrian Economist, wrote most of these articles in the Free Market I believe. Each article deals with certain issues and policies. He uses rational thought and logic to come to a free market solution. This book can be read within a matter of days, depending on how fast you want to read it. And you don't need to have a degree in economics to be able to understand the literature. I highly recommend this book to anyone looking to gain insight into economics, especially free market economics.
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