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Here is the last masterpiece by Murray N. Rothbard (1926-1995), the result of a lifetime of research and his crowning achievement. This volume is the first comprehensive treatment of classical economics from a modern Austrian perspective, an important history of nineteenth-century economic thought that discusses the key members of each school and reassesses their work. Professor Rothbard's approach offers new perspectives on both Ricardo and Say and their followers. He suggests that Ricardianism declined after 1820 and was only revived with the work of John Stuart Mill. The book also resurrects the important Anglo-Irish school of thought at Trinity College, Dublin under Archbishop Richard Whatley. Later chapters focus on the roots of Karl Marx and the nature of his doctrines, and laissez-faire thought in France including the work of Frederic Bastiat. Also included is a comprehensive treatment of the bullionist versus the anti-bullionist and the currency versus banking school controversies in the first half of the nineteenth century, and their influence outside Great Britain.
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The late Murray N. Rothbard, formerly S.J. Hall Distinguished Professor of Economics, University of Nevada, Las Vegas, US
`Rothbard's two-volume history of economic thought will inspire much fruitful discussion . . . Works that combine so much scholarship, clarity, freshness, and courage have become rare in economics.' -- Paul Heyne, The Independent Review `. . . the magnitude of Rothbard's achievement was such that his legacy is assured; his contribution to the cause of liberty in America will not only endure but continue to grow in stature. As an economist, he succeeded in firmly establishing the Austrian school of economics in America, expanding and refining the legacy of his own mentor, the great Ludwig von Mises.' -- Justin Raimondo, Chronicles `. . . an extraordinarily lively and provocative book. The world would be a poorer place without this stimulating and combative book. . .' -- D. P. O'Brien, The Manchester School `. . . it provides an extremely wide-ranging treatment of the periods and topics it covers. . . . this is a controversial book, written from a clear-cut standpoint. . . . an extremely exciting, even brilliant book.' -- Roger E. Backhouse, History of Economic Thought `To say that Murray Rothbard wrote with a polemical flair is an understatement of astonishing proportions. . . . The volumes are beautifully produced by Edward Elgar and anyone interested in Rothbard's thought, the history of economic liberalism, and the history of economic thought in general, will want these volumes in their personal collection. An Austrian Perspective on the History of Economic Thought is vintage Rothbard, which means that the volumes are very readable, always unique in interpretation. . . . In short Rothbard's An Austrian Perspective on the History of Economic Thought is a major contribution to the history of economic thought in general, and to Austrian economics in particular, and it deserves a wide circulation. It ranks with the contributions to intellectual history - not as a textbook of the wrong opinions of dead men, but as an original theoretical work whose intellectual story, if listened to, would surely overturn the received wisdom of our day and lead to a major recasting of the disciplines of economics and of political economy.' -- Peter J. Boettke, Economic Affairs `Murray Rothbard's two volumes are a monument of twentieth century scholarship.' -- David Gordon, The Mises Review `Rothbard's treatise makes a good case for the study of economic thought and provides a good introduction to Austrian economics by showing its links with earlier thinkers. . . friend and foe alike will benefit from Rothbard's atypical approach. His discussions of every thinker are enriched with insights on philosophy, history, religion, political movements, and the philosophy of science. The two volumes are jam-packed with information and research ideas.' -- Mark Thornton, Southern Economic Journal
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