Author: Michael Perelman

The originators of classical political economy—Adam Smith, David Ricardo, James Steuart, and others—created a discourse that explained the logic, t...

The originators of classical political economy—Adam Smith, David Ricardo, James Steuart, and others—created a discourse that explained the logic, t...

Most economic theory assumes a pure capitalism of perfect competition. Even when it is recognized that this does not exist, many politicians and ca...

The history of capitalism has long been thought to be a sequence of recurring crises that appear in various forms: crises in employing people, cris...