Murray Rothbard was known as the state's greatest living enemy, and this is his most succinct and powerful statement on the topic, an exhibit A in how he came to wear that designation proudly.

The book remains canonical today because the debate is still very alive. This book applies Austrian business cycle theory to understanding the onset of the 1929 Great Depression.

The scholastics, he argues, established and developed the subjective utility and scarcity theory of value, as well as the theory that prices, or the value of money, depend on its supply and demand.The Continental, or "pre-Austrian" ...