Murray Newton Rothbard (1926-1995) was an American economist, historian, political theorist, and a leading figure in the development of modern [libertarianism](https://doctorparadox.net/libertarian-narcissism-right-wing-ideology/) and Austrian economics. Rothbard was a prolific writer and lecturer, and his work has had a significant impact on the fields of economics, political philosophy, and history. ## Early life and education Murray Rothbard was born on March 2, 1926, in New York City to Jewish immigrant parents. He attended Columbia University, where he received a Bachelor of Arts degree in mathematics and economics in 1945. He continued his education at Columbia, earning a Master's degree and a Ph.D. in economics in 1956. His doctoral dissertation, "The Panic of 1819: Reactions and Policies," was an early indication of his interest in economic history. ## Career and contributions Rothbard was a prominent member of the [[Austrian School of Economics]], a heterodox school of thought that emphasizes the role of individual action, subjective preferences, and the importance of understanding economic phenomena through deductive reasoning. He was greatly influenced by the work of Austrian economists [[Ludwig von Mises]] and [[Friedrich Hayek]]. In 1962, Rothbard published his seminal work, "Man, Economy, and State," which provided a comprehensive exposition of Austrian economics. The book laid the foundation for his theories on the free market, limited government intervention, and the consequences of state intervention in the economy. ### Rothbard and Libertarianism Rothbard also made significant contributions to the development of libertarian political philosophy. His 1973 book, "For a New Liberty: The Libertarian Manifesto," outlined a vision of a society based on individual freedom, free markets, and minimal government intervention. Rothbard was a staunch advocate for [[anarcho-capitalism]], a political system that combines the principles of anarchism and [[laissez-faire capitalism]]. Throughout his career, Rothbard was a prolific writer, producing numerous articles, books, and essays on a wide range of topics, including history, politics, and economics. His historical works, such as "Conceived in Liberty" and "A History of Money and Banking in the United States," explored the development of American institutions and the role of government intervention in shaping economic outcomes. Rothbard was a founding member of the Ludwig von Mises Institute, an organization dedicated to promoting Austrian economics and libertarianism. The institute continues to carry on Rothbard's intellectual legacy through research, education, and advocacy following his passing on January 7, 1995. See also: [[Austrian School of Economics]]