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Gary M. Anderson

Works Published inThe Journal of Libertarian Studies

All Works

Adam Smith, Justice, and the System of Natural Liberty

Other Schools of ThoughtPhilosophy and Methodology

07/30/2014The Journal of Libertarian Studies
Murray Rothbard dismisses Adam Smith’s contribution to economics as “dubious,” and he lists many specific Smithian lapses. For instance, Smith abandons the subjective theory of value, and maintains that only material commodities constitute production or value; he has “no conception of the...


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