This highly original work offers an intellectual history of four central theories underlying the market economic system, focusing on their conception, evolution, and applications.

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Four Central Theories of the Market Economy "traces the root of the theories, their conception and articulation, as well as their evolutions to the present time. It focuses on the four theories that are generally recognized as fundamental to the discipline of economics: the invisible hand, comparative advantage, the law of markets, and the quantity theory of money. These theories have profoundly...