Man, Economy, and State is a seminal work in Austrian economics, written by Murray N. Rothbard. The book develops the entire body of economic theory step-by-step, starting from incontestable axioms and addressing complex issues such as business cycle theory and monopoly theory. It also includes a critique of government intervention in markets, which is further elaborated in the companion text, Power and Market. Rothbard's work is known for its clear and rigorous presentation of economic principles, emphasizing the importance of individual action and the free market. The book is considered a modern classic and ranks alongside Ludwig von Mises's Human Action as a cornerstone of the Austrian School of economics.
Human Action is Ludwig von Mises' magnum opus, where he defends an a priori foundation for praxeology and methodological individualism. The book argues that the free-market economy outdistances any government-planned system and serves as the foundation of civilization. Mises explains complex market phenomena as the outcomes of countless conscious, purposive actions and choices of individuals. He critiques government attempts to regulate and control economic activities, emphasizing the futility and counter-productiveness of such interventions. The book is a systematic treatment of the whole body of social and economic relations, integrating various economic problems into a comprehensive system[2][4][5].
In this book, Hoppe presents a detailed analysis of socialism and capitalism, arguing that socialism is inherently flawed due to its inability to solve the problem of economic calculation and its disregard for private property rights. He defends capitalism as the only viable economic system that respects individual rights and promotes efficient resource allocation. The book is grounded in the principles of praxeology and the Austrian School of economics, emphasizing the importance of property rights, scarcity, and human action in understanding economic and social phenomena.
The Bitcoin Standard analyzes the historical context to the rise of Bitcoin, the economic properties that have allowed it to grow quickly, and its likely economic, political, and social implications. The book takes the reader on an engaging journey through the history of technologies performing the functions of money, from primitive systems to modern government debt. It explains the operation of Bitcoin as a decentralized, distributed piece of software that converts electricity and processing power into indisputably accurate records, allowing users to perform traditional monetary functions without relying on authorities or physical infrastructure. The book also explores common questions surrounding Bitcoin and its potential as a store of value and a network for final settlement of large payments, challenging government monopolies and offering a vision of money extricated from politics and borders.