<p>From An Austrian Perspective on the History of Economic Thought, Volume II. Narrated by Jeff Riggenbach.</p>

From An Austrian Perspective on the History of Economic Thought, Volume II. Narrated by Jeff Riggenbach.

14. After Mill: Bastiat and the French laissez-faire Tradition

The second volume contains an enlightening critique of Ricardian economics, showing the constraints on theory entailed by Ricardo’s static and pseudo-mathematical method. Ricardo’s successor John Stuart Mill is the object of a devastating intellectual portrait. Marxism is subjected to a merciless demolition, and Rothbard shows the roots of this system in metaphysical speculation. The French classical liberals such as Bastiat, on the other hand, contributed to the subjectivist school. A further highlight of this volume is a discussion of the bullionist controversy: the views of the Banking and Currency Schools receive extensive analysis.

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14. After Mill: Bastiat and the French laissez-faire Tradition

14. After Mill: Bastiat and the French laissez-faire Tradition

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