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Property and Freedom Podcast, Episode 336.
From French, Rothbard as Intellectual Inspiration (Mises University, 2006): Douglas E. French, “Rothbard as Intellectual Inspiration,” Mises Daily (08/15/2006) (from Mises University 2006; mp3; local mp3; to be podcast at PFP later)
Summary:
French begins by honoring entrepreneurs who quietly transform lives, using Willis Haviland Carrier—the father of modern air conditioning—as a prime example. Carrier’s innovations, starting from a small engineering firm, enabled widespread comfort in homes, stores, theaters, and even entire cities like Phoenix and Las Vegas, dramatically improving quality of life without seeking much personal credit. He contrasts this with negative cultural stereotypes of businessmen as greedy exploiters, rooted in Marxist theory, and celebrates real-world figures like entrepreneur Ron Yanke. Yanke, a larger-than-life, relentlessly energetic man, built multiple successful businesses, was pivotal in founding Micron Technology, and created opportunities for thousands while remaining humble, generous, and cheerful. French notes that such entrepreneurs make the world richer and fuller through capital accumulation, job creation, and innovation.
French then draws a parallel between Yanke’s personality and that of Murray Rothbard, describing Rothbard as the other constantly cheerful, vibrant person he had known. As a UNLV graduate student in the early 1990s with no prior exposure to Austrian economics or libertarianism, French enrolled in Rothbard’s History of Economic Thought course despite warnings that the professor was a “kook.” Rothbard’s lectures were electrifying: fast-paced, narrative-driven explorations of history and ideas—good guys versus bad guys—delivered without syllabi or roll calls, packed with references, and far superior to the graphs and statistics of conventional economics classes. Students returned semester after semester because Rothbard varied the content each time. [continue reading…]
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