Did Adam Smith Retard the Development of Economic Analysis?: A Critique of Murray Rothbard’s Interpretation
By James C. W. Ahiakpor
This article appeared in the Winter 1999 issue of The Independent Review


In his posthumously published two-volume work, An Austrian Perspective on the History of Economic Thought (1995), Murray Rothbard charged Adam Smith with carelessly steering economics away from the sound doctrines of his “proto-Austrian” predecessors. However, a fair reading of Smith reveals that it was Rothbard who was guilty of sloppy scholarship and fuzzy thinking.

Other Independent Review articles by James C. W. Ahiakpor
    Summer 2008   Mystifying the Concept of Capital: Hernando de Soto’s Misdiagnosis of the Hindrance to Economic Development in the Third World
    Spring 2008   Letters to the Editor
    Fall 2007   On Classical Economics
[View All (5)]

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