Murray Rothbard’s wonderful History of Economic Thoughtopens with a blast against what he called the Whig theory of intellectual history. It’s a variant of the Victorian-era idea that life is always getting better and better, no matter what. Apply it to the world of ideas, and the impression is that our current ideas are always better than ideas of the past. It rules out the possibility that there is lost knowledge in history, peculiar incidences when humanity knew something for sure and then that knowledge mysteriously went away and we had to discover it again. Read Full Article »