Of Money, and Other Economic Essays - David Hume
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Krátky popis
David Hume is known for his philosophical writings, but he also
wrote on politics, history, and economics. This eBook contains 7
economic essays which were first published in Hume's Political
Discourses (1752) and republished in Essays and Treatises on
Several Subjects, Volume 1 (1758, 1777). One essay has been praised
by the Nobel-Prize-winning economist, Paul Krugman, who said in his
newspaper column:"... Hume also helped found economics: his 'Of the
Balance of Trade', published 34 years before The Wealth of Nations,
was arguably the first example of modern economic reasoning, based
on what amounts to a stylized model, albeit one without any
equations or diagrams." (New York Times, 8 May 2011, "Hume Day".)
... "You could argue that modern economics really began with David
Hume’s 'Of the Balance of Trade', whose core is a gloriously clear
thought experiment...." (ibid., 2 Feb 2011, "Models, Plain and
Fancy".)Adam Smith (1723-1790), the author of The Wealth of Nations
(1776), is commonly considered the "father of modern economics",
but Hume pre-dated Smith in that regard. Both were Scottish
philosophers of the Scottish Enlightenment, and although Hume was a
decade older than Smith, they became lifelong friends after they
met in 1750.The essays cover Commerce, Money, Interest, Balance of
Trade, Jealousy of Trade, Taxes, and Public Credit (national debt).
Hume explained economic phenomena we observe even today, such as
the self-correction of job migration to lower cost countries, money
supply issues, the undesirable results of tariffs, military buildup
in underdeveloped countries, and other topics that give insights
into the happenings we read about in the news almost daily.This
eBook is available only for personal and educational uses,
non-commercial, with attribution to the source www.davidhume.org.
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