Did Adam Smith Retard the Development of Economic Analysis?
A Critique of Murray Rothbards Interpretation
By James C. W. Ahiakpor
This article appeared in the Winter 1998/99 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 Sotos 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)]|