|
|
Article: Economic Thought Before Adam Smith: An Austrian Perspective on the History of Economic Thought, 2 vols.
- Article from:
- Southern Economic Journal
- Article date:
- July 1, 1996
- Author:
CopyrightCOPYRIGHT 1996 Southern Economic Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
The claims grow increasing implausible, but the economics profession continues to preen its image as a "hard science" like physics or chemistry. Formalism, positivism, and econometrics are extolled and venerated, while the study of the history of economic thought is denigrated and displaced from graduate studies.
As a traditionalist of the Austrian school of economic analysis, I hope that the publication of Murray N. Rothbard's two-volume treatise marks the beginning of the end of this unfortunate state of professional orthodoxy. More than a historian of thought, and more than an economist, Rothbard was responsible for the survival and rebirth of Austrian economics ...