The True Founders of Economics
Students of free enterprise usually trace the origins of pro-market thinking to Scottish professor Adam Smith (1723-90). This tendency to see Smith as the fountainhead of economics is reinforced among Americans because his famed book An Inquiry into the Nature and the Causes of the Wealth of Nation was published the year of American independence from Britain. There is much that this view of intellectual history overlooks. The real founders of economic science actually wrote hundreds of years before Smith. They were not economists as such, but moral theologians, trained in the tradition of St. Thomas Aquinas, and they came to be … Continue reading →
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