Editing Murray Rothbard (section)

====Disputes with other Austrian economists====
Georgetown Professor [[Randy Barnett]] says, regarding Rothbard's "insistence on complete ideological purity", that "[a]lmost every intellectual who entered his orbit was eventually spun off, or self emancipated, for some deviation or another. For this reason, the circle around Rothbard was always small."<ref>https://scholarship.law.georgetown.edu/cgi/viewcontent.cgi?article=1860&context=facpub</ref> Although he self-identified as an Austrian economist, Rothbard's methodology was at odds with that of many other Austrians. In 1956, Rothbard deprecated the views of Austrian economist [[Fritz Machlup]], stating that Machlup was no praxeologist and calling him instead a "positivist" who failed to represent the views of Ludwig von Mises. Rothbard noted that, in fact, Machlup shared the opposing positivist view associated with economist [[Milton Friedman]].<ref>In "Defense of 'Extreme Apriorism' Murray N. Rothbard" ''Southern Economic Journal'', January 1957, pp. 314–20</ref> Mises and Machlup had been colleagues in 1920s Vienna before each relocated to the United States, and Mises later urged his American protege [[Israel Kirzner]] to pursue his PhD studies with Machlup at [[Johns Hopkins University]].<ref>{{cite web|last=Kirzner|first=Israel|title=Interview of Israel Kirzner|url=https://www.mises.org/journals/aen/aen17_1_1.asp|publisher=Mises Institute|access-date=June 17, 2013|archive-date=February 10, 2008|archive-url=https://web.archive.org/web/20080210215643/http://www.mises.org/journals/aen/aen17_1_1.asp|url-status=live}}</ref>{{Third-party inline|date=April 2023}}

According to libertarian economists [[Tyler Cowen]] and Richard Fink,<ref name=ERE>{{cite journal|last=Tyler Cowen and Richard Fink|title=Inconsistent Equilibrium Constructs: The Evenly Rotating Equilibrium Economy of Mises and Rothbard|journal=American Economic Review|volume=75|issue=4|pages=866–69|year=1985|jstor=1821365}}</ref> Rothbard wrote that the term ''evenly rotating economy'' (ERE) could be used to analyze complexity in a world of change. Mises introduced ERE as an alternative nomenclature for the mainstream economic method of [[static equilibrium]] and [[general equilibrium]] analysis. Cowen and Fink found "serious inconsistencies in both the nature of the ERE and its suggested uses". With the sole exception of Rothbard, no other economist adopted Mises' term, and the concept continued to be called "equilibrium analysis".<ref>{{cite journal|last=Gunning|first=Patrick|title=Mises on the Evenly Rotating Economy|journal=Journal of Austrian Economics|volume=3|issue=3|url=https://mises.org/periodical.aspx?Id=4|date=November 23, 2014|access-date=September 13, 2014|archive-date=September 14, 2014|archive-url=https://web.archive.org/web/20140914050526/https://www.mises.org/periodical.aspx?Id=4|url-status=live}}</ref>

In a 2011 article critical of Rothbard's "reflexive opposition" to inflation, ''[[The Economist]]'' noted that his views were increasingly gaining influence among politicians and laypeople on the right. The article contrasted Rothbard's categorical rejection of inflationary policies with the monetary views of "sophisticated Austrian-school monetary economists such as [[George Selgin]] and [[Lawrence H. White]]", [who] follow [[Friedrich Hayek|Hayek]] in treating stability of nominal spending as a monetary ideal—a position "not all that different from [[Scott Sumner|Mr [Scott] Sumner]]'s".<ref>{{Cite news |date=June 22, 2011 |title=Missing Milton Friedman |newspaper=The Economist |url=https://www.economist.com/democracy-in-america/2011/07/22/missing-milton-friedman |access-date=2023-03-12 |issn=0013-0613 |archive-date=March 12, 2023 |archive-url=https://web.archive.org/web/20230312073452/https://www.economist.com/democracy-in-america/2011/07/22/missing-milton-friedman |url-status=live }}</ref> According to economist Peter Boettke, Rothbard is better described as a [[Property rights (economics)|property rights]] economist than as an Austrian economist. In 1988, Boettke noted that Rothbard "vehemently attacked all of the books of the younger Austrians".<ref name="Boettke Nomos">{{cite journal|last=Boettke|first=Peter|title=Economists and Liberty: Murray N. Rothbard|journal=Nomos|year=1988|pages=29ff|url=https://www.academia.edu/2800511|access-date=November 17, 2013|archive-date=May 3, 2023|archive-url=https://web.archive.org/web/20230503213135/https://www.academia.edu/2800511|url-status=live}}</ref>