4.8 • 3.3K Ratings
🗓️ 29 July 2016
⏱️ 33 minutes
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Adam Smith is consistently held up as the great founder of economics and herald of capitalism. Murray Rothbard energetically disputed this characterization. Others, in turn, have criticized Rothbard's criticism. So what are we to think?
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0:00.0 | The Tom Woods Show, episode 704. |
0:03.5 | Prepare to set fire to the index card of allowable opinion. |
0:08.3 | Your daily dose of liberty education starts here, the Tom Woods Show. |
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0:31.5 | Hi, everybody. Tom Woods here, still in Alabama at the Meesa's Institute for the week-long |
0:37.2 | Mises University summer program, and yet |
0:39.9 | the episodes keep on getting churned out, just like in the old days. |
0:44.5 | More or less back to normal here. |
0:46.6 | And we're joined once again by Gene Epstein, who will be familiar to you if you're a regular |
0:51.0 | listener of the show. |
0:52.4 | Gene is the economics and book review editor at |
0:55.4 | Barron's, which you can visit at Barron's.com. And he emailed me not long ago about the Adam Smith |
1:02.5 | question, because we have some people who think Adam Smith is just the best thing going, and |
1:08.6 | he was really the father of economics, and others who say, |
1:13.8 | like Murray Rothbard, that he represented actually a retrogression in economic knowledge. |
1:19.2 | So what are we to make of all this? |
1:21.3 | What's the correct conclusion for us to draw? |
1:23.7 | That's what Gene wanted to join me to discuss today. |
1:26.2 | I think that's an interesting topic. |
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