American economist (1926–1995)
Murray Rothbard (1926–1995) was an American economist who developed influential theories on free-market economics and individual liberty. His work matters because it shaped modern libertarian political philosophy and continues to influence debates about the proper role of government in economic life.
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Murray Newton Rothbard ( US: /ˈrɔːθbɑːrd/; March 2, 1926 – January 7, 1995) was an American economist of the Austrian School, economic historian, political theorist, and activist. Rothbard was a central figure in the 20th-century American libertarian movement, particularly its right-wing strands, and was a founder and leading theoretician of anarcho-capitalism. He wrote over twenty books on political theory, history, economics, and other subjects.
Rothbard argued that all services provided by the "monopoly system of the corporate state" could be provided more efficiently by the private sector and wrote that the state is "the organization of robbery systematized and writ large". He called fractional-reserve banking a form of fraud and opposed central banking. He categorically opposed all military, political, and economic interventionism in the affairs of other nations.
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