About the Mises Institute - Ludwig von Mises Institute
About the Mises Institute - Ludwig von Mises Institute
About the Mises Institute - Ludwig von Mises Institute
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HISTORY OF ECONOMIC THOUGHT<br />
MURRAY N. ROTHBARD<br />
Two volumes<br />
1075 pgs. (hardback) $199.00<br />
ISBN: 1-85278-962-X<br />
Order No.: B300<br />
Economists are accustomed<br />
to thinking of <strong>the</strong>ir<br />
discipline as a modern<br />
science. Rothbard proves<br />
<strong>the</strong>m wrong. Long before<br />
he begins his discussion of<br />
more familiar 18th- and 19thcentury<br />
<strong>the</strong>orists, he covers<br />
hundreds of thinkers <strong>the</strong><br />
world over. This may prove<br />
to be <strong>the</strong> book’s major and<br />
lasting contribution.<br />
For Rothbard, <strong>the</strong> economic<br />
thought of <strong>the</strong> ancients, early<br />
Christians, and scholastics<br />
is surprisingly sophisticated.<br />
The implications of <strong>the</strong> Reformation<br />
are discussed, along<br />
with <strong>the</strong> proto-Austrian<br />
influence of <strong>the</strong> scholastic<br />
tradition, <strong>the</strong> high-water<br />
mark of economic thought<br />
before <strong>the</strong> marginal revolution.<br />
Rothbard views Adam<br />
Smith as having severed<br />
economics from its grounding<br />
in individual, purposeful<br />
human action.<br />
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