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The First Globalization Debate
Goodwin, Craufurd D. - 2010
Early in the 18th century, before the birth of political economy as a discipline, two of the earliest novels in the English language were published: Robinson Crusoe (1719) by writer and economic entrepreneur Daniel Defoe, and Gulliver’s Travels (1726) by the cleric and political adviser...
Persistent link: https://www.econbiz.de/10011592182
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How Cantillon and Hume Propose the Same Theory of First-Round Effects
Bilo, Simon - 2015
Richard Cantillon and David Hume both propose the theory of monetary non-neutrality, whereby the money supply changes … economy step by step and changes relative prices. While a number of authors note that Hume and Cantillon both present the same … main constituent parts of the theory in the contributions of both Cantillon and Hume. …
Persistent link: https://www.econbiz.de/10011592236
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Perfect competition in A.-R.-J. Turgot: A contractualist theory of just exchange
Menudo, José Manuel - 2010
This paper analyses one of Turgot's first economic essays, Plan d'un ouvrage sur le commerce, la circulation et l'intérêt de l'argent, la richesse des états (1753-4). Written prior to the appearance of physiocratic influence, it is Turgot's contribution to the movement of writing that bubbled...
Persistent link: https://www.econbiz.de/10011613794