Smith didn't right the wrong in his popular book though, he merely made it legitimate for Marxists, and the classical school to use. And I think Rothbard's beef is more along the lines of Smith being credited with the beginnings of all economic thought when there were the the Spanish scholastics, Cantillon, and Turgot who had come before Smith and who had solved many of the problems that Smith compounded.
"Richard Cantillon (1680-1734), acknowledged by many historians as the first great economic "theorist", is an
obscure character."
http://en.wikipedia.org/wiki/Richard_Cantillon
You really think this dude belongs in the top 20 of all time regarding the promotion of liberty? I could name 20 ancient Greek philosphers who did more for human liberty.
"His work is quoted by Adam Smith in his Wealth of Nations."
If Cantillon is good, then you should be happy Smith is quoting him.
"According to Nobel laureate Friedrich Hayek, Jevons was scarcely exaggerating when he entitled Cantillon's work as the "Cradle of Political Economy"."
Once again, Hayek seems to like this guy, that's good. Cantillon is lucky that Smith and Hayek became popular.
"According to Nobel laureate Friedrich Hayek, Jevons was scarcely exaggerating when he entitled Cantillon's work as the "Cradle of Political Economy".
He is certainly an interesting guy, but it is hard to promote liberty when few have heard of you. Wikipedia doesn't even list a single book that he wrote.
Turgot seems like an interesting fellow. But he lived at almost exactly the same time as Smith.
"Anne-Robert-Jacques Turgot, Baron de Laune, often referred to as Turgot (10 May 1727 – 18 March 1781), was a French economist and statesman. Today he is best remembered as an early advocate for economic liberalism."
http://en.wikipedia.org/wiki/Anne_Robert_Jacques_Turgot,_Baron_de_Laune
This is great that he did that, but he does not belong in the top 20 promoters and defenders of liberty of all time.
"Turgot's best known work, Réflexions sur la formation et la distribution des richesses (Reflections on the Formation and Distribution of Wealth), was written early in the period of his intendancy, ostensibly for the benefit of two young Chinese students.[3] Written in 1766, it appeared in 1769–1770 in Dupont's journal, the Ephémérides du citoyen, and was published separately in 1776."
This is only a little before
Wealth of Nations. Given how long
Wealth of Nations is, and that Smith worked on it for many years, it's hard to buy that Smith owes much from Turgot's book.