by the critical commentaries of Sir James Steuart and Karl Marx on the views of Locke and Lowndes on monetary theory. As …

Because economic affairs involve individual action, they must be understood on the basis of a theory which is both … individual action. Economic theory, then, requires a conception of the individual agent or subject of economic activity. In this … essay, I explore this conception as it develops in the classical theory exemplified by the work of Adam Smith and Karl Marx. …

Some commentators pose Veblen’s political economy as a corrective to the “reductionist†character of Marxism. This …