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The Forgotten Contribution
Murray Rothbard on Socialism in Theory and in Practice
Originally published in The Quarterly Journal of Austrian Economics
This paper documents and articulates Murray N. Rothbard’s contribution to our understanding of the theory and practice of socialism. This article makes and supports the conjecture that Rothbard anticipated allthe major subsequent developments in the economic analysis regarding the problems of the Soviet economy and all the major works in comparative political economy for real-existing socialism in the Soviet Union.
This paper documents and articulates Murray N. Rothbard’s contribution to our understanding of the theory and practice of socialism. This paper summarizes his theoretical contributions and then turn to his explanation of the operation of socialism in the Soviet Union. Moreover, this article makes and supports the conjecture that Rothbard, writing in the 1950s and 60s, anticipated allthe major subsequent developments in the economic analysis regarding the problems of the Soviet economy and allthe major works in comparative political economy for real-existing socialism in the Soviet Union.
Read the article at the Quarterly Journal of Austrian Economics.
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