Say's Law—the idea that "supply creates its own demand"—has been a basic concept in economics for almost two centuries. Thomas Sowell traces its evolution as it emerged from successive controversies, particularly two of the most bitter and long lasting in the history of the discipline, the...

Frontmatter -- Preface -- Contents -- ONE. Mostly about Universities -- 1. An Academic Episode -- 2. Specialism: A Dissenting Opinion -- 3. The National Commission as an Instrument of Controlled Impartiality -- 4. The Economics of Conflict of Interest -- 5. Stigler's First Law of Sympathy -- 6....