Monetary Theory

A generation after his death in 1950, Harold Laski, the eminent political scientist, socialist, and British Labour Party leader, is almost forgotte

This paper contends that Adam Smith meant what he said; human nature is ennobled by the cultivation of its lands, the advancement of its manufactur

In no other field is the crucial importance of theory to history more obvious than in the field of economic history.

The “free rider problem,” arising from the fact that an individual may be able to obtain the benefits of a good without contributing to

Patrick M. O’Neil and David Osterfeld have offered some criticisms of our natural end interpretation and defense of Rand’s ethics.

The consubstantiality of liberalism and democracy has become a modem religious dogma.

It will be argued in this paper that the external-benefits and public-goods arguments are incorrect and are due to a failure to consider all or the

It is frequently maintained that “free trade” belongs to “free immigration” as “protectionism” does to “restricted immigration.” This is erroneous.

In describing Adam Smith’s acknowledgments as “neo-plagiarism” (Rashid, 1990), was trying to characterize a situation where a sch

Adam Smith’s “invisible hand” sometimes works in such marvelously subtle ways that it remains nearly invisible even to economists