Man, Economy, and State, Scholar's Edition

Authors: Murray N. Rothbard

Key Ideas

1. Individual Action and Social Cooperation: Rothbard emphasizes the importance of individual action as the foundation of all social cooperation. He argues that individuals acting in their own self-interest harmoniously interact to create an efficient economic system.

2. Human Action and Values: Rothbard argues that human action is driven by subjective values. These values determine the goals individuals pursue and influence their decision-making process.

3. Marginal Utility and Pricing: According to Rothbard, the subjective theory of value, specifically the concept of marginal utility, expl....
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Quiz

1. What is the role of individual action in social cooperation according to Rothbard?

Individual action is irrelevant in social cooperation.

Individual action is the foundation of social cooperation.

Individual action hinders social cooperation.

Individual action leads to inequality in social cooperation.

2. What drives human action according to Rothbard?

Objective factors

Subjective values

External forces

Social norms

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