Pareto Optimality in Policy Espousal
The concepts of Pareto optimality and Pareto- optimal change continue appearing in academic discussions as supposed criteria of policy and keys to
Monetary Theory
Displaying 481 - 490 of 1217
Law and Liberty: A Comparison of Hayek and Bastiat
This paper compares the work of two pioneers in the field of law and liberty: F. A. Hayek and his predecessor, Frédéric Bastiat.
The Poet as Economist : Shelley’s Critique of Paper Money and the British National Debt
Was Percy Shelley, the great English Romantic poet, a socialist?
Boom and Bust: The Political Economy of Economic Disorder
Adam Smith noted in 1776 that “What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom.”
Corporate Raiders and Junk-Car Dealers: Economics and the Politics of the Merger Controversy
Fueled by almost frantic efforts to adjust and adapt in the face of intense inter- national competition, American industry undertook an immense cor
Harold J. Laski: The Liberal Manque or Lost Libertarian?
A generation after his death in 1950, Harold Laski, the eminent political scientist, socialist, and British Labour Party leader, is almost forgotte
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
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
