I'm not familiar enough yet with the ATBC to find fault in the arguments below but I’m wondering whatthose who are experts on the theory think of these criticisms. It’s contained in a much longer critique of Austrian economics as a whole. The author used to attend Mises University and was a student of Rothbard's I believe so he isn't ignorant of the Austrian School. Scroll down to section 3.4 to see the objections to the ATBC.
http://econfaculty.gmu.edu/bcaplan/whyaust.htm
I fully agree with Caplan's argument.
"I'm not a fan of Murray Rothbard." -- David D. Friedman
i take it you are a neoclassical economist. How do you define that exactly?
Rational choice theory.
There is another thread covering this.