Paganelli, Maria Pia - In: History of Economic Ideas 20 (2012) 1, pp. 31-43
In his essay Of Public Credit, David Hume argues against the institutionalization of public credit. Contrary to what is commonly believed, I claim Hume’s analysis of public credit is sound and it is an example of his worst-case thinking. Through textual and contextual analysis, I show for Hume...