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New Murray Rothbard Book Emerges

Writes Bob Wenzel:

A new book by the great economist and social philosopher Murray Rothbard has emerged, Science, Technology, and Government.

From the blurb:

In this previously unpublished manuscript, found in the Rothbard Archives, Rothbard deftly turns the tables on the supporters of big government and their mandate for control of research and development in all areas of the hard sciences. What R&D should be encouraged and funded, what inventions should be supported, and what areas should be given research grants, etc.? These decisions can only be decided by markets unburdened by government meddling and intervention. Rothbard shows that science best advances under the free market: the claims to the contrary of the centralizers are spurious. The best course of action for government is to get out of the way.

Here’s the preface to the book written by David Gordon:

When Murray Rothbard wrote “Science, Technology, and Government” in 1959, supporters of the free market needed to confront a challenge that remains relevant today. In 1957, the Soviet Union launched its “Sputnik” satellite, thereby defeating the United States in the race between the two countries to be first into space. Did this victory show, or at least suggest, the superiority of Soviet centrally-planned science to the American market economy? Critics of the free enterprise system like John Kenneth Galbraith (one of Rothbard’s least favorite economists) claimed that scientific research and development required government planning and control. The free market, these critics claimed, could not carry out the vast efforts research now required. Could private enterprise have built the atomic bomb? The Soviets have long since departed, but the fallacies in the arguments for centrally-controlled science live on today. Government spending on science and technology has increased far beyond its level in 1959.

In this brilliant monograph, Rothbard deftly turns the tables on the supporters of big government. In doing so, he displays his unique combination of mastery of theoretical principles and commanding knowledge of the empirical evidence and scholarly literature on every subject he addresses. He shows that science best advances under the free market: the claims to the contrary of the centralizers are spurious.

Here is the Amazon Link.

On a related note, there is even another Rothbard book in the works and Justin Raimondo is currently editing it. This book is a collection of old newspaper columns from the 1960s:

Published in C.Jay Engel