Review of Austrian Economics, Volume 2 by Murray N. Rothbard

Author:Murray N. Rothbard
Language: eng
Format: mobi
ISBN: 9781610165389
Publisher: Lexington Books
Published: 1988-05-09T05:00:00+00:00

Conclusion

My purpose in this article has been to demonstrate that the contributions of the French liberal school to economic theory were recognized and utilized by some economists who are generally considered to have played prominent roles in the initial development of modern marginalist economic theory or who have anticipated and influenced such development. If this much is accepted, then the attempt of Schumpeter and other scholars to explain the Anglo-American neglect of the liberal school in terms of the latter’s analytical sterility or indifference immediately founders. While an alternative explanation has not been provided, considerable progress has been made by radically shifting the focus of research from alleged analytical shortcomings of the liberal school to the identification of the institutional factors that have impeded recognition by (most) English-speaking economists of the substantive theoretical content of liberal economics.

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