Economic Ideas series
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Economics
James Mill, David Ricardo and the Triumph of Free Trade
by Richard Ebeling January 25, 2017We are in the midst of marking the centenary of the First World War, which was fought from 1914 to 1918.
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EconomicsFeatured
Economic Ideas: David Ricardo on Wealth, Inflation, and Freedom
by Richard Ebeling January 18, 2017David Ricardo (1772-1823) was one of the most influential economic theorists of the first half of the nineteenth century.
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Economics
Economics Ideas: David Hume on Self-Coordinating and Correcting Market Processes
by Richard Ebeling December 8, 2016Not too surprisingly, for over two hundred and fifty years these ideas of Hume’s have both been highly controversial in philosophy, yet immensely influential across many social and scientific disciplines.
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Economics
Economic Ideas: Francis Hutcheson and a System of Natural Liberty
by Richard Ebeling November 27, 2016Scotland would seem a strange place for the emergence of center of intellectual development that would influence the stream of ideas throughout the world. Scotland had been unified with England near the beginning of the eighteenth century. It was considered a “backwater” of European civilization.
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Economics
Economic Ideas: The French Physiocrats and the Case for Laissez-faire
by Richard Ebeling November 3, 2016In the middle decades of the eighteenth century two schools of thought emerged, one in France and the other in Great Britain that were critical of Mercantilism, the government system of economic planning and regulation in the 1700s.
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Economics
Economic Ideas: Mercantilism as Monarchy’s Planned Economy
by Richard Ebeling October 27, 2016The Feudal System had resulted in the disintegration of the unity that much of Western, Southern, and Eastern Europe had known under the Roman Empire.