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How do economists tackle the problems of the economic system and give advice on public policy? Nobel laureate R.H. Coase reflects on some of the most fundamental concerns of economists over the past two centuries. In 15 essays, Coase explore the history and philosophy of economics and evaluates the contributions of a number of outstanding figures.
Written by one of the leading authorities on trade and finance in the early modern Atlantic world, these fourteen essays, revised and integrated for this volume, share as their common theme the development of the Atlantic economy, especially British America and the Caribbean. Topics treated range from early attempts in medieval England to measure the carrying capacity of ships, through the advent in Renaissance Italy and England of business newspapers that reported on the traffic of ships, cargoes and market prices, to the state of the economy of France over the two hundred years before the French Revolution and of the British West Indies between 1760 and 1790. Included is the story of Thomas Irving who challenged and thwarted the likes of John Hancock, Samuel Adams, Alexander Hamilton, George Washington and Thomas Jefferson.