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Cronyism: Liberty versus Power in Early America, 1607–1849 by Patrick Newman Mises Institute, 2021, 362 pp. Patrick Newman dedicates Cronyism to Murray Rothbard, and it is a fitting choice, as this outstanding book continues and extends Rothbard’s brilliant interpretation of American history. Newman is eminently qualified to do so, having edited both the fifth volume of Rothbard’s Conceived in Liberty and his The Progressive Era. Like Rothbard also, he tells us exactly the principles he uses in setting forward his account of events. One of these is that “history is a clash between the forces of liberty, or those in favor of individual-decision-making and the … Continue reading →

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