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." The Classical economists generally believed that principles of sound business practice were equally appropriate for a family and for government, and this belief dominated public opinion until a generation or so ago.
Volume 4, Number 1 (1980)
Cite This Article
Wagner, Richard E. "Boom and Bust: The Political Economy of Economic Disorder." Journal of Libertarian Studies 4, No.1 (1980): 1-37.