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September 2012 Policy Study, Number 12-9

   

A Short History of Economic Theroy

   

Endnotes

   

 

[1] Benjamin Franklin, “Benjamin Franklin Quotes,” Goodreads, 2012, 1 Aug. 2012 <http://www.goodreads.com/quotes/37937-all-mankind-is-divided-into-three-classes-those-that-are>.
[2] Adam Smith, Robert L. Heilbroner, and Laurence J. Malone, The Essential Adam Smith (New York: W.W. Norton, 1986), p. 170.
[3] Ibid, p. 171.
[4] Ibid, p. 173.
[5] Ibid, p. 176.
[6] Ibid, p. 177.
[7] Ibid, p. 265.
[8] Ibid, p. 266.
[9] Ibid, p. 281.
[10] Ibid, p. 282.
[11] Ibid, p. 290 and p. 293.
[12] Ibid, p. 298.
[13] Ibid, p. 302.
[14] Ibid, p. 311.
[15] Ibid, p. 315.
[16] Mark Skousen, The Making of Modern Economics: The Lives and Ideas of the Great Thinkers (Armonk, NY: M.E. Sharpe, 2001), pp. 52-53.
[17] Ibid, p. 13.
[18] Ibid, p. 17.
[19] Smith, p.168.
[20] Ibid, p. 172.
[21] Lisa Smith, “Adam Smith: The Father Of Economics,” Investopedia.com, 9 Oct. 2008, 8 Nov. 2011 <http://www.investopedia.com/articles/economics/08/adam-smith-economics.asp#axzz1d8XiC5n7>.
[22] Harvey S. Rosen and Ted Gayer, Public Finance, 9th ed. (Singapore: McGraw Hill/Higher Education, 2010), p. 41.
[23] Skousen, p. 52.
[24] David M. Hart, “Life and Works of Jean-Baptiste Say,” Library of Economics and Liberty, 2 Jan. 2001, 10 Nov. 2011 <http://www.econlib.org/library/Say/SayBio.html>.
[25] Ibid.
[26] Larry J. Sechrest, “Biography of Jean-Baptiste Say: Neglected Champion of Laissez-Faire,” Ludwig Von Mises Institute, 9 Nov. 2011 <http://mises.org/about/3242>.
[27] Ibid.
[28] Skousen, p. 52.
[29] Sechrest, “Biography of Jean-Baptiste Say.”
[30] Skousen, p. 431.
[31] Ibid, p. 152.
[32] Ibid, pp. 162-163.
[33] Mortimer Adler, ed., Great Books of the Western World, vol. 50, Marx (Chicago: W. Benton, 1952), p. 13.
[34] Ibid, pp. 48-54.
[35] Skousen, p. 149.
[36] Ibid.
[37] Ibid, p. 150.
[38] Adler, pp. 111-146.
[39] Ibid, pp. 164-180.
[40] Ibid, pp. 180-256.
[41] Ibid, p. 113.
[42] Skousen, p. 149.
[43] Ibid.
[44] Ibid, p. 151.
[45] Ibid, p. 152
[46] Ibid, pp. 152-155.
[47] Ibid, p. 173.
[48] Ibid, p. 155.
[49] Ibid, p. 321.
[50] John Maynard Keynes, The General Theory of Employment, Interest, and Money (Amherst, New York: Prometheus Books, 1997), pp. 1-384.
[51] Skousen, p. 322.
[52] Keynes, p. 90.
[53] Keynes, p. 115.
[54] Skousen, p. 346.
[55] Keynes, p. 250.
[56] Ibid, p. 248.
[57] Skousen, p. 343.
[58] Ibid.
[59] Keynes, p. 314.
[60] Ibid.
[61] Ibid, p. 322.
[62] Ibid.
[63] Skousen, p. 345.
[64] Keynes, p. 117.
[65] Skousen, p. 341.
[66] Keynes, p. 41.
[67] Ibid, p. 251.
[68] Ibid, p. 269.
[69] Ibid, p. 250.
[70] Ibid, p. 117.
[71] Skousen, p. 328.
[72] Keynes, p. 164.
[73] Skousen, p. 344.
[74] Ibid, p. 341.
[75] Ibid.
[76] Keynes, p. 251.
[77] Ibid, p. 254.
[78] Ibid, p. 372.
[79] Ibid, pp. 372-384.
[80] Skousen, p. 346.
[81] Ibid, p. 322.
[82] Ibid, p. 336.
[83] Ibid.
[84] Ibid.
[85] Ibid, p. 337.
[86] Ibid, p. 338.
[87] Ibid, p. 336.
[88] Ibid, pp. 343-344.
[89] Ibid, p. 344.
[90] Ibid.
[91] Ibid, p. 347.
[92] Keynes, p. 345.
[93] Skousen, p. 345.
[94] Ibid, p. 345.
[95] Ibid, p. 348.
[96] Ibid, p. 346.
[97] Ibid, p. 347.
[98] Ibid.
[99] Keynes, pp. 1-384.
[100] Skousen, p. 347.
[101] John Maynard Keynes, “John Maynard Keynes Quotes,” Goodreads, 2012, 1 Aug. 2012 <http://www.goodreads.com/quotes/50359-ideas-shape-the-course-of-history>.
[102] Milton Friedman, “Milton Friedman Quotes,” Goodreads, 2012, 1 Aug. 2012 <29898-underlying-most-arguments-against-the-free-market-is-a-lack>.
[103 Skousen, p. 390.
[104] Ibid, p. 380.
[105] Milton Friedman, Capitalism and Freedom, (Chicago: University of Chicago, 2002), pp. 1-202.
[106] Ibid, pp. 7-21.
[107] Ibid, p. 5.
[108] Ibid, p. 8.
[109] Ibid, p. 12.
[110] Ibid, p. 13.
[111] Ibid, p. 15.
[112] Ibid, p. 16.
[113] Ibid, pp. 22-36.
[114] Ibid, pp. 85-107.
[115] Ibid, p. 24.
[116] Ibid, pp. 25-26.
[117] Ibid, pp. 33-34.
[118] Ibid, p. 86.
[119] Ibid, p. 91.
[120] Ibid, p. 144.
[121] Ibid, p. 147.
[122] Ibid, pp. 37-74.
[123] Skousen, p. 401.
[124] Friedman, pp. 40-41.
[125] Ibid, p. 50.
[126] Ibid, p. 51.
[127] Ibid, p. 67.
[128] Ibid, p. 71.
[129] Ibid, pp. 75-84.
[130] Skousen, p. 390.
[131] Friedman, p. 55.
[132] Ibid, p. 77.
[133] Ibid, pp. 77-78.
[134] Skousen, p. 403.
[135] Friedman, pp. 108-118.
[136] Ibid, p. 108.
[137] Ibid, pp. 108-109.
[138] Ibid, p. 110.
[139] Ibid, pp. 111-115.
[140] Ibid, p. 115.
[141] Ibid, pp. 115-117.
[142] Ibid, pp. 119-136.
[143] Ibid, p. 120.
[144] Ibid.
[145] Ibid, pp. 121-123.
[146] Ibid, p. 124.
[147] Ibid, p. 125.
[148] Ibid, p. 133.
[149] Ibid, pp. 177-189.
[150] Ibid, p. 176.
[151] Ibid, pp. 179-182.
[152] Ibid, pp. 183-184.
[153] Ibid, pp. 162-165.
[154] Ibid, p. 186.
[155] Ibid, p. 191.
[156] Ibid, p. 195.
[157] Ibid, p. 202.
[158] Ibid, pp. 1-202.
[159] Skousen, p. 380.
[160] Ibid, pp. 390-391.
[161] Smith, p. 54.
[162] Ibid, p. 54.
[163] Ibid, p. 55.
[164] Ibid.
[165] P. Hallwood, et al., “An Assessment of the Causes of the Abandonment of the Gold Standard by the U.S. in 1933,” Southern Economic Journal 67:2 (July 2000), p. 448.
[166] K. Cundiff, “Monetary-Policy Disasters of the Twentieth Century,” Freeman 57:1 (January 2007), p. 29.
[167] Friedman, p. 39.
[168] Ibid, p. 40.
[169] Ibid, p. 41.
[170] Skousen, p. 406.
[171] Ibid, p. 406.
[172] Ibid.
[173] Ibid, p. 407.
[174] Ibid, p. 406.
[175] Friedman, p. 54.
[176] Ibid, p. 54.
[177] Ibid.
[178] Ibid, p. 40.
[179] Ibid.
[180] Skousen, p. 407.
[181] Ibid.
[182] Ibid.
[183] Friedman, pp. 38-39.
[184] Todd Knoop, Modern Financial Macroeconomics: Panics, Crashes, and Crises (Oxford, UK: Blackwell Publishing, 2008), pp. 80-81.
[185] Ibid, p. 81.
[186] Ibid, p. 93
[187] Ibid, pp. 93-94.
[188] Ibid, p. 86.
[189] Ibid, pp. 86-87.
[190] Ibid, p. 89.
[191] Ibid, p. 91.
[192] Ibid, p. 95.
[193] Ibid, p. 91.
[194] Ibid, p. 93.
[195] Ibid, p. 92.
[196] Ibid, pp. 93-94.
[197] Ibid, p. 95.

 

   

 

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