Rothbard attracted the attention of the William Volker Fund, a group that provided financial backing to promote right-wing ideologies in the 1950s and early 1960s.David Gordon, 2010, ed., Confidential: The Private Volker Fund Memos of Murray N. Rothbard Quote from Rothbard: "The Volker Fund concept was to find and grant research funds to hosts of libertarian and right-wing scholars and to draw these scholars together via seminars, conferences, etc." The Volker Fund paid Rothbard to write a textbook to explain Human Action in a form that could be used to introduce college undergraduates to Mises's views; a sample chapter he wrote on money and credit won Mises's approval. For ten years, the Volker Fund paid him a retainer as a "senior analyst". As Rothbard continued his work, he enlarged the project. The result was his book Man, Economy, and State, published in 1962. Upon its publication, Mises praised Rothbard's work effusively. In contrast to Mises, who considered security the primary justification for the state, Rothbard in the 1950s began to argue for a privatized market for the military, police and judiciary. Rothbard's 1963 book America's Great Depression blamed government policy failures for the Great Depression, and challenged the widely-held view that capitalism is unstable.
Rothbard attracted the attention of the William Volker Fund, a group that provided financial backing to promote right-wing ideologies in the 1950s and early 1960s.David Gordon, 2010, ed., Confidential: The Private Volker Fund Memos of Murray N Rothbard Quote from Rothbard: "The Volker Fund concept was to find and grant research funds to hosts of libertarian and right-wing scholars and to draw these scholars together via seminars, conferences, etc." The Volker Fund paid Rothbard to write a textbook to explain Human Action in a form that could be used to introduce college undergraduates to Mises's views; a sample chapter he wrote on money and credit won Mises's approval. Fo,r ten years, the Volker Fund paid him a retainer as a "senior analyst". As Rothbard continued his work, he enlarged the project. The result was his book Man, Economy, and State, published in 1962. Upon its publication, Mises praised Rothbard's work effusively. In contrast to Mises, who considered security the primary justification for the state, Rothbard in the 1950s began to argue for a pri.vatized market for the military, police and judiciary. Rothbard's 1963 book America's Great Depression blamed government policy failures for the Great Depression and challenged the widely-held view that capitalism is unstable.