“Early economic theory was rooted in the Italian, French, and Spanish traditions, which were subjectivist oriented. Then it shifted onto the terrible path by Smith and Ricardo and the British classical tradition, which is 'objectivist' - values are in inherent in production.”

American economist and political theorist

Murray Newton Rothbard was an American economist, economic historian, political theorist, and activist. He was a major figure in 20th-century American libertarianism and a founder and leading thinker of anarcho-capitalism. He wrote more than twenty books on political theory, history, economics, and related subjects. His work placed him at the center of debates over liberty, markets, and the role of the state.