ECONOMIC THOUGHT BEFORE ADAM SMITH - 9781852789619
ECONOMIC THOUGHT BEFORE ADAM SMITHAn Austrian Perspective on the History of Economic Thought, Volume I\nAuthor(s): Murray N. Rothbard\nFormat: Hardback\nPublisher: Edward Elgar Publishing Ltd, United Kingdom\nImprint: Edward Elgar Publishing Ltd\nISBN-13: 9781852789619, 978-1852789619\nSynopsis\nThis is the first extensive treatment from a modern Austrian perspective of the history of economic thought up to Adam Smith and as such takes into account the profound influence of religious, social and political thought upon economics. In Economic Thought before Adam Smith, Murray Rothbard contends that laissez-faire liberalism and economic thought itself began with the Catholic scholastics and early Roman and canon law, rather than with Adam Smith. The scholastics, he argues, established and developed the subjective utility and scarcity theory of value, as well as the theory that prices, or the value of money, depend on its supply and demand. This continental, or 'pre-Austrian' tradition,.
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