Power and Market |
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Power & Market: Government and the Economy Murray N. Rothbard,Edward P. Stringham No preview available - 2006 |
Common terms and phrases
advocate allocation argument binary intervention burden capital gains capital value coerced coercion coercive competition compulsory Conservation laws consumers consumption cost criticism defense agency democracy distort earn economic economists effect efficient entrepreneurs equal ernment ethical exchange expenditures fact factors fallacious firms force Frank Chodorov free mar free market free society freedom Furthermore Georgist goal government enterprise governmental grant ground land ground rent imposed income tax income taxation increase individual industry investment Jones labor laissez faire laws less levied libertarian lower marginal means ment monetary monopolistic privilege monopoly monopoly price Murray N Oliver owner ownership payment penalizes political Power and Market praxeological price control problem profits Progressive Taxation property rights purely free restrict result revenue Rothbard sales tax savings shift simply single tax social standards subsidy sumers supply tariff theory tion uniform utility value product voluntary voting wage rates
Popular passages
Page 175 - The subjects of every state ought to contribute toward the support of the government, as nearly as possible, in proportion to their respective abilities ; that is, in proportion to the revenue which they respectively enjoy under the protection of the state.
Page 175 - The moment you abandon the cardinal principle of exacting from all individuals the same proportion of their income or their property, you are at sea without rudder or compass and there is no amount of injustice or folly you may not commit.
Page 261 - has freedom to do all that he wills, provided he infringes not the equal freedom of any other...
Page 17 - When we inquire by what means this wonder is effected, we shall find, that, as Force is always on the side of the governed, the governors have nothing to support them but opinion. It is, therefore, on opinion only that government is founded; and this maxim extends to the most despotic and most military governments, as well as to the most free and most popular.
Page 13 - Few, comparatively, as they are, the agents and employees of the government constitute that portion of the community who are the exclusive recipients of the proceeds of the taxes. Whatever amount is taken from the community, in the form of taxes, if not lost, goes to them in the shape of expenditures or disbursements. The two, — disbursement and taxation,^-constitute the fiscal action of the government.
Page 16 - NOTHING appears more surprising to those who consider human affairs with a philosophical eye, than the easiness with which the many are governed by the few; and the implicit submission, with which men resign their own sentiments and passions to those of their rulers.
Page 147 - It operates upon energy, and industry, and skill, and thrift, like a fine upon those qualities. If I have worked harder and built myself a good house while you have been contented to live in a hovel, the tax-gatherer now comes annually to make me pay a penalty for my energy and industry, by taxing me more than you.
Page 96 - The Use of Private Tokens for Money in the United States," Quarterly Journal of Economics, 1916-17, pp.
Page 8 - I propose in the following discussion to call one's own labor and the equivalent exchange of one's own labor for the labor of others, the 'economic means' for the satisfaction of needs, while the unrequited appropriation of the labor of others will be called the 'political means'.
Page 14 - ... of supporting the government; and the other, of those who are the recipients of their proceeds through disbursements, and who are, in fact, supported by the government; or, in fewer words, to divide it into tax-payers and tax-consumers.