This interesting work presents a unique perspective on the history of economic thought by showing that classical economists from Adam Smith to Alfred Marshall had sympathy for workers - for example, the theory of the subsistence wage echoed the theological call for a just wage that existed in the middle ages. It also describes how these thinkers promoted either a set of social obligations or a form of social insurance to assist workers. These economic thinkers of the past argued that a subsistence standard of living was important to maintain and improve workers' efficiency and to raise...
This interesting work presents a unique perspective on the history of economic thought by showing that classical economists from Adam Smith to Alfr...
This volume presents a comprehensive history of the U.S. public debt from 1775 to the present. The authors document how the public debt has accumulated and review the methods the government has employed to manage and administer it.
This volume presents a comprehensive history of the U.S. public debt from 1775 to the present. The authors document how the public debt has accumulate...
An examination of an early version of the debate over money, debt, and taxes sheds light on current debates regarding public finance, a balanced budget, and paying off the public debt. Stabile shows that while special interest lobbying during the constitutional convention produced tax loopholes as part of the Constitution, determined leaders were able to get a reluctant population used to paying taxes and were capable of putting together plans of public finance that attained their goals. Such historical evidence challenges the view that political leaders are incapable of passing the...
An examination of an early version of the debate over money, debt, and taxes sheds light on current debates regarding public finance, a balanced bu...
For the last decade a movement for providing workers with a living wage has been growing in the US. This book describes how great thinkers in the history of economic thought viewed the living wage and highlights how the ideas of the early economists such as Adam Smith and John Stuart Mill support the idea of a living wage and contrast with the ideas of more recent free-market economists who do not. The lessons we can learn from the contrasting ideas of both the early and recent economists will help us to think more clearly about the issues surrounding whether, how and why workers should be...
For the last decade a movement for providing workers with a living wage has been growing in the US. This book describes how great thinkers in the hist...
