The economics major is a central part of a college education. But is that economics major doing what it is meant to do? And if not, how should it be changed? This book raises a set of provocative questions that encourage readers to look at the economics major in a different light than it is...

Perceptive thinkers have been writing intelligently about money for at least five centuries. However, nearly all of the early thinkers developed theories designed to explain the behavior of full-bodied metallic money or the opposite extreme, fiat money issued by governments. However, late in the...

Adam Smith’s theory of economic growth, as presented in the Wealth of Nations, is based upon the potential for increasing returns in manufacturing generated by increased specialization and division of labour and upon the accumulation of real capital, which is necessary to support the greater...

Students of nineteenth-century economics have held Henry Thornton in high esteem since his 'rediscovery' by Jacob Viner and Friedrich Hayek in the 1920s. Thornton has been praised for the sophistication of his macroeconomic thinking a for the extent to which he developed ideas later associated...