Recognizing Brilliance
Fall 1996
"REVIEW OF ROTHBARD"
Roger Backhouse
History of Economic Thought Newsletter Volume 56 (Summer 1996): 16-21.
A review of a book review is hardly standard procedure, but Backhouse's article is a major
scholarly assessment of Rothbard's History. Backhouse, an eminent historian of economic
thought, writes with great appreciation of this monumental work. After a long summary of the
volumes, stressing Rothbard's Austrian heroes and Ricardian villains, Backhouse notes that "the
range of authors discussed is immense. Rothbard clearly makes the point that economics is the
product of communities of scholars, not simply a small group of pioneering thinkers . . . his
reading is vast, and there is much to be learned from him" (p. 20).
Backhouse finds Rothbard's "refusal to mince words" about Marx "very effective" and seems
especially interested in the highly original account of the bullionist controversy.
He appears unsympathetic to praxeology. If, he says, we do not "know enough (or even
anything)
with sufficient certainty to be able to derive conclusions using the praxeological method . . . then
the option of deriving universal, true conclusions is simply not available" (p. 17). But all this
says
is that if praxeology cannot be used, then it cannot be used. True enough, but hardly very
significant.
Backhouse's conclusion is: "Rothbard's judgments are, in my view, frequently distorted by
his
Austrian perspective, but it is nonetheless, an exciting, even brilliant, book" (p. 21).