Toward a Reconstruction of Utility and Welfare Economics

This text is one of the most famous contributions to Austrian economics from the leading Modern Austrian, Murray Rothbard. It has been reprinted as Occasional Paper Series #3 (New York: Center for Libertarian Studies, 1977); translated in French as ‘Vers une reconstruction de la theory de l’utilité et du bien-être’ in Guillaumat (ed.), Economistes et Charlatans (Paris: Les Belles Lettres, 1991), pp. 97–161; reprinted in Littlechild, S. (ed.), Austrian Economics (3 vols, Aldershot: Edward Elgar, 1990), vol. 3, pp. 361–99; reprinted in the collected essays of Murray Rothbard, The Logic of Action (3 vols, Glos., UK: Edward Elgar Publishing Ltd., 1997), vol. 1: Method, Money, and the Austrian School, pp. 211–54.