The Human Action Podcast

Rothbard and Adam Smith

The Human Action Podcast
Jeff Deist Hunter Hastings Jonathan Newman

We continue our look at Murray Rothbard’s two volume An Austrian Perspective on the History of Economic Thought with a show focused on Adam Smith. Rothbard attacked him mercilessly as a plagiarist who set economic theory back decades with his muddled views on value and price. But was this criticism justified, or was Smith actually an early and valiant proponent of laissez-faire?

Our guest Hunter Hastings defends Smith in this rollicking discussion, while Professor Jonathan Newman is not so sure. They also discuss the Scottish Enlightenment and Smithian thinkers like Bentham and Malthus, and even tackle the contentious question of whether Smith produced Marx. Don’t miss this!

Additional Resources

Read Rothbard’s important work: