1. Ideology and Theories of History
![The History of Economic Thought: From Marx to Hayek](https://cdn.mises.org/styles/responsive_4_3_650w/s3/static-page/img/The%20History%20of%20Economic%20Thought_Rothbard.jpg.webp?itok=A_mz3xpQ 650w,https://cdn.mises.org/styles/responsive_4_3_870w/s3/static-page/img/The%20History%20of%20Economic%20Thought_Rothbard.jpg.webp?itok=NV3bMokc 870w,/s3/files/styles/responsive_4_3_1090w/s3/static-page/img/The%20History%20of%20Economic%20Thought_Rothbard.jpg.webp?itok=iz6oupxd 1090w,/s3/files/styles/responsive_4_3_1310w/s3/static-page/img/The%20History%20of%20Economic%20Thought_Rothbard.jpg.webp?itok=zRsj9c7q 1310w,/s3/files/styles/responsive_4_3_1530w/s3/static-page/img/The%20History%20of%20Economic%20Thought_Rothbard.jpg.webp?itok=EM22C3fc 1530w)
The Whig Theory of History as developed in the 19th century still dominates textbooks today. The Whigs say that history is an inevitable march upward, always improving. The idea is that knowledge is never lost, instead knowledge continues building and adding. This has not been true for history, science, or economics. Contrary to the accepted history of economics, Adam Smith did not create all of modern economic thought in 1776. He was predated (and bettered) by the Spanish Scholastics. Murray Rothbard exposes the Whig Theory and its implications for us today.
The first in a series of six lectures on the History of Economic Thought.