Study Guide to Man, Economy, and State with Power and Market

130 Study Guide to Man, Economy, and State with Power and Market
Notable Contributions
• Rothbard’s critique of the concept of consumers’ sovereignty
is quite pioneering. Even Mises adopted the term
(though Rothbard would view his treatment as more satisfactory
than Hutt’s).
• His defense of cartels and his critique of the theory of
monopoly price are some of Rothbard’s finest contributions
to economics.
• Rothbard’s distinction between patents and copyrights
was also quite revolutionary, although recent work (e.g.,
Stephan Kinsella’s) has questioned even the defense of
copyright.