<p>From An Austrian Perspective on the History of Economic Thought, Volume I. Pages 385-412 in the text. Narrated by Jeff Riggenbach.</p>

In volume one, Murray Rothbard traces economic ideas from ancient sources to show that laissez-faire liberalism and economic thought itself began with the Spanish Scholastics and early Roman, Greek, and canon law. Unfortunately, Adam Smith’s labor cost theories became the dominant view, especially in Britain. Rothbard regards Smith as largely a retrograde influence on economic theory. Narrated by Jeff Riggenbach.