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This paper develops a hypothesis of the economist, Albert Hirschman in 'The Rhetoric of Reaction, Perversity, Futility …, Jeopardy' (Harvard, 1991) regarding the history of the independence of Colombia. The Rhetoric of Independence extended the …
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Game theory is a branch of social sciences that formalizes decision-making in situations where two or more individuals …’s ways of thinking about the social world by analyzing his early work on rhetoric and languages. We document that Smith had … theory is a natural way to capture this understanding and we showed that Smith used, from the LBRL over the TMS to the WN …
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Adam Smith and Milton Friedman are famous for championing Laissez Faire, yet both supported government regulation of the banking system. In both cases their deviation from free market orthodoxy was based on a careful reading of financial history: especially Smith's reading of the Crisis of 1772...
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