The final section of Rothbard’s book is an extended discussion of Rothbard’s concepts of the Gross (or Net) Private Product, and an argument about how to calculate government depradations against the private product remaining in private hands.
The appendix contains a number of tables of data on economic statistics from 1929 through 1932, providing calculations of Private Product and Depradation as well.
One thing worth noting is that the Table VI in the Fifth Edition is an error. That table is supposed to contain government expenditure numbers but the receipt numbers from Table VII are reproduced there mistakenly.
The corrected content of Table VI is as follows:
Federal | State & Local | Total | |
1929 | 4 | 9 | 13 |
1930 | 4.2 | 9.7 | 13.9 |
1931 | 5.5 | 9.7 | 15.2 |
1932 | 4.4 | 8.8 | 13.2 |
My reconstruction of Table VI comes from combining appropriate figures from Tables IV and V.
For my full show notes, go here.
This video is available on Odysee, BitChute, and YouTube.
References
Census Bureau, Historical Statistics of the United States, 1789-1945
https://www.census.gov/library/publications/1949/compendia/hist_stats_1789-1945.html
NY Tax Foundation, The Tax Burden In Relation To National Income and Product
https://taxfoundation.org/research/all/federal/tax-burden-relation-national-income-and-product/
(pdf direct link)
https://files.taxfoundation.org/legacy/docs/ra4.pdf
Fabricant and Lipsey, The Trend of Government Activity in the United States Since 1900
https://www.nber.org/books-and-chapters/trend-government-activity-united-states-1900
(specific section cited by Rothbard)
https://www.nber.org/books-and-chapters/trend-government-activity-united-states-1900/appendix-d-data-government-purchases-payrolls-transfers-and-expenditures