Tag Archives: Adam Smith

The Fallacy of Intrinsic Value and the Contradictions of Marx

The Fallacy of Intrinsic Value and the Contradictions of Marx By Dr. Gary North https://www.garynorth.com/public/18123.cfm If people value something, it has value; if people do not value some­thing, it does not have value; and there is no intrinsic about it. … Continue reading

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A Brief History of International Trade Policy

A Brief History of International Trade Policy By Douglas A. Irwin   “Economists have likened free trade to technological progress: although some narrow interests may be harmed, the overall benefits to society are substantial.” The theory of international trade and commercial … Continue reading

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The Vanity of the Philosopher — Part 1

Happiness, Progress and the “Vanity of the Philosopher” Part 1 By Sandra J. Peart and David M. Levy Introduction   “Darwin developed “natural selection” as Malthusianism for agents without foresight. While this was harmless when applied to crabs, crabgrass and finches, it … Continue reading

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Standards of Living and Modern Economic Growth

Standards of Living and Modern Economic Growth By John V. C. Nye Judged by the huge strides that people all over the world have made in overcoming poverty and want, it is only a slight exaggeration to say that little … Continue reading

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