Boom and Depression in Ancient Rome
The Augustan boom was partly the result of a heavy spending program.
The Augustan boom was partly the result of a heavy spending program.
Will goods and resources be directed by markets or political officials? That is the great debate.
There is a wide difference between a social organization founded on the general laws of human nature, and an artificial organization, invented, imagined.
Adam Smith was able to sweep the field, while Cantillon and Turgot, who were far superior as technical economists and freedom champions, languished.
The state both caused the problem and prevented people from protecting themselves from the resulting violence.
All history is partly conjectural, because our knowledge is always limited.
Food was the symbol and reality of prosperity. Food meant the good life. Food meant security, health, and happiness.