Whether or not we reject the Marxist schema there is little doubt that Marx was a great economist. The three volumes of Capital, contain some pieces of remarkable economic analysis from which modern economists can still learn. However difficult he is to read, there are moments when, like Ricardo...

Economic Thought in Spain shows how the Spanish contribution can be integrated into the wider history of economic theory. This book will be welcomed not only by Austrian economists seeking precursors to Hayek in the ‘Salamancan School’, but also by all those interested in the history of...

Adam Smith and Modern Economics provides a lively introduction to some of the very latest economic concepts and debates reinterpreted from the work of the ‘father of economics’. Professor West demonstrates the continuing relevance of his work, two centuries after his death, with...

Henry Thornton’s Inquiry into the Nature and Effects of the Paper Credit of Great Britain (1802) is the repository of much of what is the best and most clear in modern monetary theory. However, it is only in recent years, largely through the efforts of Jacob Viner and Friedrich Hayek,...

David Hume is best known for his work on political philosophy. However, he wrote a series of essays on money, population and international trade which must rank among the major economic writings of the 18th century. Certainly they influenced Adam Smith and have a sparkling quality that still...

Cycles, crises and innovation are the major economic forces that shape capitalist economies. Using a critical realist political economy approach, the analysis in this fine work is based on the works of Michał Kalecki and Joseph Schumpeter – both of whom identify these three dynamic forces as...

Turbulence in Economics presents the economy as an evolutionary process, economics as a realistic science and reintroduces history as fundamental to understanding economic processes. It examines cycles and fluctuations in economic history from the point of view of turbulence in the physical...