Contributions of Austrian economists

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Neodoxy replied on Thu, Oct 11 2012 10:03 PM

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"Also, it's ridiculous to called the physiocrats "entirely fallacious" - have you even read any of their works??"

What do you think that the answer is? And you're right, it's hyperbole to call them entirely fallacious, but the majority of what they focused upon certainly could be described as incredibly flawed.

"Sure, Smith's book was famous and influential, but it was just a compilation of ideas well known and a continuation of previous scholarship.  It is more accurate to say that he popularised economics than that he spawned it."

If you're misunderstanding me like this then perhaps I'd better reiterate,  what you're saying is very similar to what I am saying. Whether or not Smith copied the ideas from other sources, whether or not that's all that he did, it is ultimately from his work that modern economics is primarily descended.

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Loppu replied on Fri, Oct 12 2012 9:27 AM

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I will be super original and say Rothbard. He wrote so much, and his writings don't cover only the economic side of libertarianism but also the ethical side of it. And even though if you don't agree with his ethics, you have to admit that writing about ethics is important when you want to promote a certain political position. So yeah, my vote goes to Rothbard.