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Economic ThoughtBefore Adam SmithAn Austrian Perspective on theHistory of Economic ThoughtVolume IMurray N. RothbardLu~wigvon MisesInstituteAUBURN, ALABAMA
The Ludwig von Mises Institute dedicates this volume to all of itsgenerous donors and wishes to thank these Patrons, in particular:Anonymous~Reed W. Mower~Ramallo Pallast Wakefield & Partner;Douglas French and Deanna Forbush; Hugh E. Ledbetter;Mr. and Mrs. R. Nelson Nash; Jule R. Herbert, Jr.; Richard Moss~Andreas Acavalos; William H. Anderson;Mr. and Mrs. William M. Benton; Richard B. Bleiberg;John Hamilton Bolstad; Roman J. Bowser;Mr. and Mrs. Roger H. Box; Mary E. Braum; Carl Creager;D. Allen and Sandra Dalton; Mr. and Mrs. Jeremy S. Davis;Mr. and Mrs. Lew Fetterman; Mr. and Mrs. Willard Fischer;Francisco Garcia Parames; Kevin Griffin;Dr. and Mrs. Robert Harner; Adam Hogan;Richard J. Kossmann, M.D.; S. Giovanni Lewis; Jonathan Liem;Bjorn Lundahl; Mr. and Mrs. William W. Massey, Jr.;William and Zinta McDonnell; Joseph Edward Paul Melville;Dr. Dorothy Donnelley Moller; top dog; Michael Robb;Dagny Ross; Lee Schneider; Conrad Schneiker;Mr. and Mrs. Edward Schoppe, Jr.; Mr. and Mrs. Charles R. Sebrell;Norman K. Singleton; John Skar; Gloria and Robert Stewart;Joan Thompson; Willi Urbach; James S. Van Pelt; William P. Weidner;Mr. and Mrs. Walter Woodul III; Dr. Steven Lee YamshonCopyright © Edward Elgar Publishing Ltd., 1995This 2006 edition of Economic Thought Before Adam Smith: An AustrianPerspective on the History of Economic Thought, Volume I, is published byarrangement with Edward Elgar Publishing, Ltd.All rights reserved. No part of this book may be reproduced in any mannerwhatsoever without written permission except in the case of reprintsin the context of reviews. For information write the Ludwig von MisesInstitute, 518 West Magnolia Avenue, Auburn, Alabama 36832.ISBN: 0-945466-48-X
Page 2 and 3: Economic ThoughtBefore Adam SmithMu
Page 6: ContentsIntroductionviiAcknowledgem
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Page 11 and 12: xEconomic thought before Adam Smith
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Page 15 and 16: xivEconomic thought before Adam Smi
Page 17 and 18: xviEconomic thought before Adam Smi
Page 20: The first philosopher-economists: t
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Page 27 and 28: 10 Economic thought before Adam Smi
Page 34 and 35: The first philosopher-economists: t
Page 44: The first philosopher-economists: t
Page 48 and 49: The Christian Middle Ages 312.1 The
Page 50 and 51: The Christian Middle Ages 33have li
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The Christian Middle Ages 37highly
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The Christian Middle Ages 39Vatican
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The Christian Middle Ages 41wanton
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The Christian Middle Ages 43means a
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The Christian Middle Ages 45renting
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The Christian Middle Ages 47obliged
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The Christian Middle Ages 49More sp
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The Christian Middle Ages 51merchan
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The Christian Middle Ages 53the com
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The Christian Middle Ages 55for fal
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The Christian Middle Ages 57view in
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The Christian Middle Ages 592.8 Lat
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The Christian Middle Ages 61importa
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The Christian Middle Ages 63men, an
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3 From Middle Ages to Renaissance3.
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68 Economic thought before Adam Smi
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4 The late Spanish scholastics4.14.
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100 Economic thought before Adam Sm
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J22E~onomic thought before Adam Smi
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5 Protestants and Catholics5.1 Luth
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J52Economic thought before Adam Smi
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6 Absolutist thought in Italy and F
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Mercantilism: serving the absolute
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French mercantilist thought in the
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The liberal reaction against mercan
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10 Mercantilism and freedom in Engl
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11 Mercantilism and freedom in Engl
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3J2Economic thought before Adam Smi
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The founding father ofmodern econom
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13 Physiocracy in mid-eighteenth ce
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The brilliance ofTurgot 38514.1 The
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The brilliance ofTurgot 387the-spot
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The brilliance ofTurgot 389Iron' (1
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The brilliance ofTurgot 391Ifthe sa
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The brilliance ofTurgot 393Finally,
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The brilliance ofTurgot 395Increasi
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The brilliance ofTurgot 397excellen
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The brilliance ofTurgot 399It is tr
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The brilliance ofTurgot 401Indeed,
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The brilliance ofTurgot 403duced bu
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The brilliance ofTurgot 405and to s
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The brilliance ofTurgot 407Galiani
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The brilliance ofTurgot 4091780, Ga
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The brilliance ofTurgot 411such pro
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The brilliance ofTurgot 4137. Turgo
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The Scottish Enlightenment 417The t
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The Scottish Enlightenment 419prove
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The Scottish Enlightenment 421Liber
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The Scottish Enlightenment 423An un
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The Scottish Enlightenment 425philo
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The Scottish Enlightenment 427aggre
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The Scottish Enlightenment 429cally
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The Scottish Enlightenment 431deali
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The celebrated Adam Smith 43516.1 T
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The celebrated Adam Smith 437the cr
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The celebrated Adam Smith 439landow
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The celebrated Adam Smith 4411764 a
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The celebrated Adam Smith 443In 176
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The celebrated Adam Smith 445to val
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The celebrated Adam Smith 447procee
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The celebrated Adam Smith 449the un
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The celebrated Adam Smith 451mal pr
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The celebrated Adam Smith 453view,
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The celebrated Adam Smith 455If, in
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The celebrated Adam Smith 457others
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The celebrated Adam Smith 459the po
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The celebrated Adam Smith 461propor
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The celebrated Adam Smith 463tional
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The celebrated Adam Smith 465Smith
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The celebrated Adam Smith 467ing li
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The celebrated Adam Smith 469shows
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The celebrated Adam Smith 471the we
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The celebrated Adam Smith 473cal ec
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17 The spread of the Smithian movem
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Bibliographical essayOverall biblio
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5J4Economic thought before Adam Smi
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