Rothbard
Proper noun
Meaning
Rothbard (plural Rothbards)
A surname from German.
Examples
According to economist Murray Rothbard : In the sparsely settled American colonies, money, as it always does, arose in the market as a useful and scarce commodity and began to serve as a general medium of exchange.
According to Llewellyn Rockwell, Rothbard is the "conscience" of all the various strains of libertarian anarchism, whose contemporary advocates are former "colleagues" of Rothbard personally inspired by his example.
According to Charles Burris, "Rothbard and Crane became bitter rivals after disputes emerging from the 1980 LP presidential campaign of Ed Clark carried over to strategic direction and management of Cato."
After Rothbard's death in 1995 Lew Rockwell, President of the von Mises Institute, told The New York Times that Rothbard was "the founder of right-wing anarchism".
Applying his retributive theory, Rothbard states that a thief "must pay double the extent of theft".
Again, as a neoclassical economist, Rothbard did not agree with the labor theory.