Praxeology

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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.

Murray N. Rothbard

In the sciences of human action, it is impossible to test conclusions. The “facts” of human history are complex ones, resultants of many causes. These causes can only be isolated by theory, theory that is necessarily a priori to these historical facts.