Niet iedereen die voor de economie van belang was, was een voorstander van een vrij verkeer van goederen. Zoals sommige vroege economen.

G.P. Manish highlights the life and work of Philip Wicksteed, a theologian and scholar from the late 19^th and early 20^th century. Though not a fan of the free market, Wicksteed made many contributions to Austrian price theory.

Wicksteed recognized that economics is a branch of praxeology, studying human action and choices necessitated by scarcity. Wicksteed placed man—specifically not an all-knowing man, as was in fashion at the time—at the center of economic analysis, siding with Menger in the Marginalist Revolution.

Duur: 12:43

Publicatie 9 juli