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Happy Birthday, Adam Smith!
Born this day in 1723 in Kirkcaldy, Scotland, across the Firth of Forth from Edinburgh. Today he would be 303. read more +Happy Birthday, Adam Smith!
Born this day in 1723 in Kirkcaldy, Scotland, across the Firth of Forth from Edinburgh. Today he would be 303.
Milton Friedman: “Inflation is always and everywhere a monetary phenomenon”
This is another installment in our series of profiles of leading economists from Capitalism and its Critics. Milton Friedman was born in Brooklyn in 1912 and died in San Francisco in 2006 at age 94. He is known as the primary apostle of monetarism, which is the...
Memorial Day
Joseph Stiglitz: Can Free Trade Go Too Far?
Continuing our series on prominent economists from the Industrial Revolution to AI, drawing liberally on the impressive accomplishment of John Cassidy’s Capitalism and its Critics: A History: From the Industrial Revolution to AI (John Cassidy, Farrar, Strauss and...
The Luddites: Crying “Stop” in the Face of Progress
This is another installment in our series of profiles of leading economists from Capitalism and its Critics. It’s our first profiling not a champion of capitalist progress but a stout opponent. Cassidy opens this, Chapter 3 of his work (“The Logic of the Luddites”)...