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Economic Thought Before Adam Smith : An Austrian Perspective on the History of Economic Thought (Vol. 1) Hardcover – March 1, 1995


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Product Details

  • Hardcover: 576 pages
  • Publisher: Edward Elgar Pub (March 1995)
  • Language: English
  • ISBN-10: 1852789611
  • ISBN-13: 978-1852789619
  • Product Dimensions: 1.2 x 6.5 x 9.8 inches
  • Shipping Weight: 2.2 pounds
  • Average Customer Review: 3.0 out of 5 stars  See all reviews (2 customer reviews)
  • Amazon Best Sellers Rank: #4,062,145 in Books (See Top 100 in Books)

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1 of 1 people found the following review helpful By Steven H Propp TOP 100 REVIEWER on October 29, 2012
Format: Hardcover
Murray Newton Rothbard (1926-1995) was an American economist of the Austrian School of economics, and a prominent figure in the Libertarian movement; the successor volume is Classical Economics: An Austrian Perspective on the History of Economic Thought. He also wrote books such as Man Economy and State One Complete Volume, Power and Market: Government and the Economy, America's Great Depression (Paperback), etc.

He wrote in the Introduction to this 1995 book, "this work is an overall history of economic thought from a frankly 'Austrian' standpoint... This is the only such work by a modern Austrian... Not only that: this perspective is grounded in what is currently the least fashionable though not the least numerous variant of the Austrian School: the 'Misesian' or 'praxeological.'" (Pg. vii) He adds, "leaving out religious outlook, as well as social and political philosophy, would disastrously skew any picture of the history of economic thought... The entire work is longer than most since it insists on bringing in all the 'lesser' figures... I hope that, for the reader, the unwonted length will be offset by the inclusion of far more human drama than is usually offered in histories of economic thought." (Pg. xiii)

He states, "The usury prohibition was the tragic flaw in the economic views of medieval jurists and theologians.
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3 of 50 people found the following review helpful By James Whitaker on January 31, 2012
Format: Hardcover
While much of Rothbard's 'analysis' is somewhat correct none of it is original. Far more of it is a matter of snarky assertion having little to do with facts or analysis and his writing is so wildly biased towards his own political world view as to be rendered useless for any scholarly purpose other than a review of this particular economist and his writing. His dissection of Marx is about half correct though blindingly obvious, and half based on deliberate misstatement of Marx's works or of attributing the works of others to Marx. Don't get me wrong, I'm no Marxist, but it would seem to me to be a simple matter to critique Marx on a far more honest and intelligent basis than this 'economist' has done. The parts of this book which are not tortuously boring are rife with willful misinterpretation of viewpoints that are anything other than far right libertarianism. By and large, this book has been a giant waste of time.
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