This document offers an English translation of remarks that Pierre-Samuel Dupont de Nemours made in 1809, remarks principally about Adam Smith. Dupont suggests repeatedly that Adam Smith fudged some points in The Wealth of Nations, because, says Dupont, Smith “thought that in order to maintain...

The geographical concentration of related manufacturing and service firms is as old as economic development but it has drawn renewed attention in the last two decades in the wake of the spectacular growth of regional economies such as Silicon Valley (South San Francisco Bay), Route 128 (greater...

In the private sector, the profit and loss mechanism signals firms the need to adjust their production and costs quickly to changes in demand and revenue. In contrast, in the public sector, no such tool is available to adjust spending to changing conditions. Instead policy makers have incentives...

This policy paper is part of a discussion series on subject of growth and economic performance at the New Zealand Ministry of Economic Development in 2004. It provides a brief view of growth and social change taken from the perspective of market process theory in order to establish the following...

Frontmatter -- THE POLITICAL ECONOMY OF THE AUSTRIAN SCHOOL Series -- Contents -- Acknowledgments -- 1. Introduction -- 1. Theory -- 2. Money and Capital in Economic Development -- 3. The Theory of Economic Development and the "European Miracle'' -- II. Case Studies of Planning -- 4. The...