For a New Liberty

Outline

For a New Liberty (1973) presents a detailed case for libertarianism, the view that individual liberty and voluntary exchange should replace most functions of government. Murray Rothbard argues that services such as education, roads, and security could be provided through private markets, and applies this approach to economic and social issues. The book is considered a founding text of modern libertarian thought.

• Libertarianism holds that individual liberty and voluntary exchange should replace most of the functions that governments currently perform.
• Rothbard argues that services such as education, roads and security could be provided through private markets instead of the state.
• The book applies this market-based approach to both economic and social issues, not only to questions of money.
• For a New Liberty was published in 1973 and is considered a founding text of modern libertarian thought.

Murray Rothbard (1926–1995) was an American economist and political theorist associated with the Austrian School of economics. He helped shape the modern libertarian movement and founded several institutions dedicated to its ideas. His other works include Man, Economy, and State.