That Malthus was guilty of egregious error in his claim to have established the labor-commanded magnitude as an "invariable" unit of value is well-known. Even his modern biographer could appeal only to a "kink or a crotchet, some kind of cerebral block" to excuse Malthus's persistent failure to...

One does not read very far into Smith's work without encountering apparent inconsistencies. Perhaps the most troubling arise in the discussion of the corn trade, where, contrary to his well-known principle that trade protection and subsidies draw to the favored industry "a greater share of the...

Donald Walker has provided us with a three-volume collection of work drawn from the literature of the past half-century intended to illustrate the variations over that period in the form and substance of the economist's concept of "equilibrium" and, in so doing, to complement the well-known...