Mises Daily

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Murray N. Rothbard

In an essay that made his <a href="http://store.mises.org/Austrian-Perspective-on-the-History-of-Economic-Thought-2-volume-set-P273C0.aspx">masterpiece on the history of thought</a> famous, Murray Rothbard argues that Adam Smith should not be called the founder of economics, nor a theorist who improved on economic science, nor even a consistent defender of the market economy.

N. Joseph Potts
As China’s standards of living rise, writes Joseph Potts, people are facing a strange luxury: the presence of the chronically ill.