Rothbard 1962 mespm

Sections

1. The Concept of Action
2. First Implications of the Concept
3. Further Implications: The Means
4. Further Implications: Time
5. Further Implications
6. Factors of Production: The Law of Returns
8. Factors of Production: Labor versus Leisure
9. The Formation of Capital
10. Action as an Exchange
1. Types of Interpersonal Action: Violence
3. Exchange and the Division of Labor
4. Terms of Exchange
5. Determination of Price: Equilibrium Price22
6. Elasticity of Demand26
7. Speculation and Supply and Demand Schedules
8. Stock and the Total Demand to Hold
9. Continuing Markets and Changes in Price
10. Specialization and Production of Stock
11. Types of Exchangeable Goods
12. Property: The Appropriation of Raw Land
13. Enforcement Against Invasion of Property
1. The Limitations of Direct Exchange
2. The Emergence of Indirect Exchange
3. Some Implications of the Emergence of Money
4. The Monetary Unit
5. Money Income and Money Expenditures
6. Producers’ Expenditures
7. Maximizing Income and Allocating Resources
1. Money Prices
2. Determination of Money Prices
3. Determination of Supply and Demand Schedules
4. The Gains of Exchange
5. The Marginal Utility of Money
A. THECONSUMER
7. The Prices of Durable Goods and Their Services
9. Some Fallacies Relating to Utility
1. Some Fundamental Principles of Action
2. The Evenly Rotating Economy
7. Present and Future Goods: The Pure Rate of Interest
8. Money Costs, Prices, and Alfred Marshall
9. Pricing and the Theory of Bargaining
1. Many Stages: The Pure Rate of Interest1
ANDITSDETERMINATION
3. Time Preference and Individual Value Scales
4. The Time Market and the Production Structure
6. The Post-Income Demanders
8. The Joint-Stock Company
10. Forces Affecting Time Preferences
11. The Time Structure of Interest Rates
A. DISCOUNTING
(1)The Law of Returns
3. The Source of Factor Incomes
4. Land and Capital Goods
5. Capitalization and Rent
6. The Depletion of Natural Resources
1. Entrepreneurial Profit and Loss
2. The Effect of Net Investment
5. The Adoption of a New Technique
6. The Beneficiaries of Saving-Investment
9. Risk, Uncertainty, and Insurance
1. Introduction
2. Land, Labor, and Rent
3. Entrepreneurship and Income
4. The Economics of Location and Spatial Relations
5. A Note on the Fallacy of “Distribution”
6. A Summary of the Market
1. The Concept of Consumers’ Sovereignty
2. Cartels and Their Consequences
B. CARTELS, MERGERS, ANDCORPORATIONS
3. The Illusion of Monopoly Price
(1)The Competitive Environment
(3) A World of Monopoly Prices?
(4)“Cutthroat” Competition
(1) Location Monopoly
(2)Natural Monopoly
4. Labor Unions
(3)Greater Efficiency and the “Ricardo Effect”
6. Multiform Prices and Monopoly
7. Patents and Copyrights
3. Changes in the Money Relation
4. Utility of the Stock of Money
5. The Demand for Money
(2)“Liquidity Preference”
6. The Supply of Money
7. Gains and Losses During a Change in the Money Relation
9. Interlocal Exchange
10. Balances of Payments
11. Monetary Attributes of Goods
12. Exchange Rates of Coexisting Moneys
13. The Fallacy of the Equation of Exchange
14. The Fallacy of Measuring and Stabilizing the PPM
A. MEASUREMENT
B. STABILIZATION
15. Business Fluctuations
16. Schumpeter’s Theory of Business Cycles
17. Further Fallacies of the Keynesian System
18. The Fallacy of the Acceleration Principle
2. A Typology of Intervention
3. Direct Effects of Intervention on Utility
4. Utility Ex Post: Free Market and Government
5. Triangular Intervention: Price Control
6. Triangular Intervention: Product Control
7. Binary Intervention: The Government Budget
8. Binary Intervention: Taxation
9. Binary Intervention: Government Expenditures52
C. RESOURCE-USINGACTIVITIES
10. Growth, Affluence, and Government
11. Binary Intervention: Inflation and Business Cycles
12. Conclusion: The Free Market and Coercion
1. Types of Intervention
2. Direct Effects of Intervention on Utility
1. Price Control
2. Product Control: Prohibition
3. Product Control: Grant of Monopolistic Privilege
B. LICENSES
D. TARIFFS
E. IMMIGRATIONRESTRICTIONS
G. CONSCRIPTION
3. The Incidence and Effects of Taxation
Part I: Taxes on Incomes
(2)Corporate Income Taxation
(3)“Excess” Profit Taxation
(4)The Capital Gains Problem
(5)Is a Tax on Consumption Possible?
4. The Incidence and Effects of Taxation
Part II: Taxes on Accumulated Capital
B. PROPERTYTAXATION
5. The Incidence and Effects of Taxation
Part III: The Progressive Tax
6. The Incidence and Effects of Taxation
Part IV: The “Single Tax” on Ground Rent
7. Canons of “Justice” in Taxation
(b) The impossibility of uniformity
(b) The justice of the standard
(3) Sacrifice Theory
(4) The Benefit Principle
(5) The Equal Tax and the Cost Principle
(6) Taxation “For Revenue Only”
(7) The Neutral Tax: A Summary
1. Government Subsidies: Transfer Payments
3. Resource-Using Activities: Socialism
4. The Myth of “Public” Ownership
5. Democracy
1. Introduction: Praxeological Criticism of Ethics
3. The Problem of Immoral Choices
4. The Morality of Human Nature
5. The Impossibility of Equality
6. The Problem of Security
7. Alleged Joys of the Society of Status
8. Charity and Poverty
9. The Charge of “Selfish Materialism”
10. Back to the Jungle?
11. Power and Coercion
12. The Problem of Luck
13. The Traffic-Manager Analogy
14. Over- and Underdevelopment
15. The State and the Nature of Man
16. Human Rights and Property Rights28
1. Economics: Its Nature and Its Uses
3. Economics and Social Ethics
4. The Market Principle and the Hegemonic Principle
BIBLIOGRAPHY
INDEXOFNAMES
INDEXOFSUBJECTS

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