decisions and knowledge. They alsorntend to be strong advocates of laissezfairerncapitalism, even more so thanrnmembers of the better-known ChicagornSchool. Deriving the principles of economicsrnfrom self-evident axioms, thernAustrians see the free market not merelyrnas the most efficient allocator of scarcernresources, but, more importantly, as partrnof the natural order of things.rnGiven the popularity of the pragmatic-rnempiricist Chicagoites amongrnestablishment conservatives, it is easy tornsee why, even with the political andrnmoral collapse of socialism, the free marketrnis nowhere in sight; who, after all, isrnwilling to go to the barricades for an empiricalrnstudy? But men have laid, andrnwill lay, down their lives for what theyrnbelieve to be the natural order, especiallyrnif they see it violated by governmentrnon a daily basis. Rothbard is a breath ofrnfresh air for all those who are lookingrnnot for policy-wonk cost-benefit analysesrnand arguments for “efficiency,” but for arnphilosophy of the social sciences, ofrnwhich economics is but one branch.rnIt is impossible in a review to do justicernto the scope and depth of the book’srncontents. Among the author’s origiiralrncontributions are a treatment of therntheory of interest as integrated into therntheory of the firm (in Chapter 7) and arndiscussion of monopoly (in Chapter 10)rnin which Rothbard demolishes the conceptrnof a free-market monopoly andrnproves that no one can maintain a strangleholdrnon the economic life of a nationrnunless it is enforced at gunpoint, i.e., byrnthe government. This volume is a goldrnmine of numerous insights and observationsrnon topics ranging from business organizationrnand comparative economicrnsystems to legal philosophy, history, andrnpsychology.rnhi addition to presenting a generalrntheory of economics itself, the authorrnrebuts numerous fallacies and misinterpretations,rnincluding most of the commonrnpolicy prescriptions of the time.rnSince this book is a reprint of the earlierrnedition, his discussion covers only thosernfallacies that were around as of 1962.rnThe last 30 years have spawned manyrnmore, and it would have been nice tornhave an updated edition, but this is arnminor quibble. Out of print since thernearly 1970’s, Man, Economy, and State isrnthe necessary antidote to the nonsensernthat passes for economics these days, anrnindispensable weapon in the battlernagainst the redistributionist schemes ofrnthe Washington power elite.rnThe significance of this work is tiedrnup with its history, and so yournshould know that Man, Economy, andrnState was originally published as part of arnseries sponsored by the now-defunctrnWilliam Volker Fund, which also fundedrnMises’ salary at New York University, asrnwell as part of Hayek’s at the Committeernon Social Thought at the Universityrnof Chicago. The Volker series also includedrnMises’ Epistemological Problemsrnof Economics and Israel Kirzner’s firstrnbook, The Economic Point of View.rnRothbard worked as a full-time analystrnfor the Volker Fund, tracking down thernfew free market-libertarian scholars thatrnexisted and making it possible for themrnto continue and expand their work. Thernfund was the main link in the network ofrnOld Right economists, who were neverrnfor a moment reconciled to the welfarewarfarernstate, and its collapse was due inrnpart to the crisis that occurred in thernconservative movement of the 1950’s.rnThe fund was, in large part, a casualtyrnof the struggle between the Old RightrnLIBERAL ARTSrnREFLE:CTIONSrnKqualitarianism equals equality among nonequals; equality among equals equalsrnpolitical incorrectness.rnHuman rights are not expensive, because they come duty-free.rnI have seen humans without rights and then rights without humans.rn—Alexander Bodinrnand the New and the breakup of thernconservative-libertarian alliance over thernissue of the Cold War. With the VolkerrnFund’s demise, the hard-core free-marketrnanalysis of economic thought representedrnby the Austrian School was largelyrnabsent from the ranks of thernconservative establishment; the incursionsrnof neoconservative pragmatists andrnex-Marxist social scientists who envisionedrna “conservative welfare state,” asrnIrving Kristol puts it, thus met with littlernresistance in the councils of the right.rnThe publication of this new edition ofrnMan, Economy, and State thereforerncomes at just the right time. As libertariansrnand conservatives rediscover theirrncommon Old Right heritage and castrnaside Kempian nostrums of neoconservativernwelfare statism, this book will dornmuch to instruct a new generation ofrnconservative activists who understandrnthat knowledge is the prerequisite forrnactivism.rnThe author of 20 books and morernthan 1,000 articles, Murray N. Rothbardrnhas been a mentor and an inspiration tornthe partisans of liberty since the earlyrn1950’s. If he had written only Man,rnEconomy, and State, it would have beenrnenough to secure him a permanent placernamong the luminaries of libertarianrnthought. As it is, the astonishing rangernof his writings, from economics to ethicsrnto history to political journalism, revealsrnthe mind of a polymath, so unlike thernmodern intellectual’s narrowness of visionrnthat the two seem representative ofrndifferent species. He is comfortablerneverywhere, and just as capable of turningrnout a knock ’em-sock ’em politicalrnpolemic as of writing the magisterialrnMan, Economy, and State. In true Rothbardianrnstyle, his two current projectsrnare a forthcoming multivolume historyrnof economic thought and a monthlyrnjournal of ideological fireworks, thernRothhard-Rockwell Report, which regularlyrnlights up the sky with its blazingrnindictment of Clintonian socialism.rnMurray Rothbard, the happy scholarwarriorrnof liberty, is a national treasure.rnIf ever the people take back their countryrnand their culture from the treasonous,rndecadent elite, a statue in his honor willrnbe erected on the spot where the FederalrnReserve Bank (or perhaps the InternalrnRevenue Service) once stood. There,rnamid the wreckage of the Leviathan, thernnewly freed slaves will gather and silentlyrngive thanks.rn