Francis Hutcheson’s first book, An Inquiry into the Original of Our Ideas of Beauty and Virtue, was published in 1725, when its author was only thirty-one, and went through four editions during his...
Throughout his career Fisher Black has described a view of business fluctuations based on the idea that a well-developed economy will be continually in equilibrium. In the essays that constitute this...
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Carl Menger (1840-1921) was one of the founders of the Austrian School of economics. Menger, along with Jevons and Walras, published a work in 1871 which revolutionized the way economists viewed value and price theory by introducing innovations in the theory of marginal utility. His work was profoundly influential in Europe where it inspired the work of Ludwig von Mises and Friedrich Hayek.
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