Making Economic Sense: A Guide to the Dismal Science by Murray N. Rothbard

In a world of economic uncertainty and complexity, Making Economic Sense is a beacon of clarity and understanding. Written by the renowned economist Murray N. Rothbard, this book is a classic work of economic thought that has been praised for its clear and concise explanations of complex economic concepts, its insightful analysis of the major economic problems of the day, and its libertarian perspective.

First published in 1963, Making Economic Sense has been translated into more than a dozen languages and has sold over a million copies worldwide. The book has been used as a textbook in universities and colleges around the world, and it has been cited by scholars and policymakers alike. Rothbard's work has had a profound influence on the development of economic thought, and it continues to be a valuable resource for anyone who wants to understand the economy.

Making Economic Sense

by Murray N. Rothbard

4.8 out of 5

Language	:	English
File size	:	1483 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	538 pages
Lending	:	Enabled

FREE

Overview

In Making Economic Sense, Rothbard provides a comprehensive overview of economic theory, from the basic principles of supply and demand to the complex issues of monetary policy and international trade. He explains economic concepts in a clear and accessible way, using real-world examples to illustrate his points. Rothbard also challenges conventional economic wisdom, arguing that many of the problems that plague the economy are the result of government intervention.

Rothbard was a strong advocate of free markets and limited government. He believed that the government should play a minimal role in the economy, and that the free market is the best way to allocate resources and promote economic growth. In Making Economic Sense, Rothbard argues that government intervention in the economy often leads to unintended consequences, such as inflation, unemployment, and economic inequality.

Key Concepts

Some of the key concepts that Rothbard discusses in Making Economic Sense include:

• The free market: Rothbard believed that the free market is the most efficient way to allocate resources and promote economic growth. He argued that government intervention in the economy often leads to unintended consequences, such as inflation, unemployment, and economic inequality.
• The Austrian school of economics: Rothbard was a member of the Austrian school of economics, which emphasizes the role of individual choice and entrepreneurship in the economy. He believed that the economy is a complex system that cannot be centrally planned by the government.
• The gold standard: Rothbard was a strong advocate of the gold standard, which he believed would help to control inflation and promote economic stability. He argued that the abandonment of the gold standard in 1971 led to the inflationary problems of the 1970s.

Making Economic Sense is a valuable resource for anyone who wants to understand the economy. Rothbard's clear and concise explanations of complex economic concepts, his insightful analysis of the major economic problems of the day, and his libertarian perspective make this book a must-read for anyone who wants to make sense of the dismal science.

Making Economic Sense

by Murray N. Rothbard

4.8 out of 5

Language	:	English
File size	:	1483 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	538 pages
Lending	:	Enabled

FREE