Cantillon’s Essai: A Current Perspective
Professor Spengler’s, “Richard Cantiilon: Fist of the Modems,” published in 1954, remains the classic survey article of Cantillon
Monetary Theory
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Rashid on Adam Smith: In Need of Proof
Salim Rashid (1990) purports to have established some facts about Adam Smith’s scholarship, significant among which are (a) Smith’s pla
Monetary History of America to 1789: A Historiographical Essay
In no other field is the crucial importance of theory to history more obvious than in the field of economic history.
The Free Rider as a Basis for Government Intervention
The “free rider problem,” arising from the fact that an individual may be able to obtain the benefits of a good without contributing to
An Integration of The Wealth of Nations with The Theory of Moral Sentiments
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
Pareto Optimality, External Benefits and Public Goods: A Subjectivist Approach
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
In Defense of Natural End Ethics: A Rejoinder to O’Neil and Osterfeld
Patrick M. O’Neil and David Osterfeld have offered some criticisms of our natural end interpretation and defense of Rand’s ethics.
On Liberal and Democratic Nationhood
The consubstantiality of liberalism and democracy has become a modem religious dogma.
The Nearly Invisible Invisible Hand
Adam Smith’s “invisible hand” sometimes works in such marvelously subtle ways that it remains nearly invisible even to economists
The Case for Free Trade and Restricted Immigration
It is frequently maintained that “free trade” belongs to “free immigration” as “protectionism” does to “restricted immigration.” This is erroneous.
