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Boom and Bust: The Political Economy of Economic Disorder

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Tags U.S. EconomyMonetary TheoryPolitical Theory

07/30/2014Richard E. Wagner

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)

Author:

Richard E. Wagner

Wagner is a professor of economics at George Mason University, Fairfax, Virginia.

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.

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