Abstract
Murray Rothbard's Austrian Perspective on the History of Economic Thought demonstrates his mastery of the literature. But his interpretation of the development of economics reflects, and is therefore severely limited by, his Austrian‐libertarian perspective. Indeed, Rothbard appropriates the history of economic thought principally to advance his perspective, as seen in his neglect of social control, his identification of his desired economic system with the natural order of things, and especially in his denigratory treatment of Adam Smith—at bottom for not being an Austrian economist and a true libertarian. A partly informed, partly myopic and sometimes useful interpretation, this is the work of an ideologue.
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