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1
The Pre-Austrians
Murray N. Rothbard
The third in a series of six lectures on The History of Economic Thought.
Transcribed and Donated – Thomas Topp
The History of Economic Thought #3 – The Pre-Austrians
2
Rothbard: I guess modern economics as a scientific doctrine begins with
[Kantalon], Richard Kantalon, who’s a very interesting character too.
[unintelligible] Kantalon, who’s hardly talked about, but to put in a plug for
myself, General Libertarian Study, the current issue now out has an old
Kantalon issue, [unintelligible] Kantalon, came out of a conference on
Kantalon several years ago.
Kantalon has essentially the praxiological methodology, he’s got the
methodology of abstract reasoning. He starts off with a world of one
landlord. In other words, one landlord owns the whole country. Not so
far off, because the French situation was you had landlords, and you had
farmers.
The landlords, absentee landlords had gotten the land through conquest,
and they would lease the land to farmers, and then you had other
people. So you’d start off with one landlord, what happens with him?
They bring in more people. Sort of like [unintelligible] economics. It’s an
excellent methodological presentation
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