About the author: Murray Rothbard was a political theorist, professor, economist of the Austrian school, and one of the founding fathers of modern anarcho-capitalism – a synthesis of classical liberalism and individualist anarchism. He was active in the Libertarian Party in the 1970s and '80s and cofounded the Cato Institute, a libertarian think tank. His other major works include America's Great Depression, The Ethics of Liberty, and Man, Economy, and State.