Man, Economy, and State, with Power and Market

The theoretical foundation. Rothbard starts from purposeful human action and builds a systematic account of value, exchange, prices, production, capital, interest, money, banking, monopoly, business cycles and government intervention. Power and Market extends it to taxation, regulation, price controls, monopoly grants and subsidies. The central lesson: a rule does not abolish the incentives or the scarcity it ignores — it redirects behaviour into evasion, substitution, black markets, corruption or failure.