The Power of Independent Thinking


Stay Connected
Get the latest updates straight to your inbox.

Volume 3  Number 3  •  Winter 1999
Other Issues:  

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.