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"David Hume is known for his philosophical writings, but he also wrote on politics, history, and economics. This eBook contains 7 economic essays which were first published in Hume's Political Discourses (1752) and republished in Essays and Treatises on Several Subjects, Volume 1 (1758, 1777). One essay has been praised by the Nobel-Prize-winning economist, Paul Krugman, who said in his newspaper column: ""... Hume also helped found economics: his 'Of the Balance of Trade', published 34 years before The Wealth of Nations, was arguably the first example of modern economic reasoning, based on what amounts to a stylized model, albeit one without any equations or diagrams."" (New York Times, 8 May 2011, ""Hume Day"".) ... ""You could argue that modern economics really began with David Hume's 'Of the Balance of Trade', whose core is a gloriously clear thought experiment...."" (ibid., 2 Feb 2011, ""Models, Plain and Fancy"".)
"David Hume is known for his philosophical writings, but he also wrote on politics, history, and economics. This eBook contains 7 economic essays which were first published in Hume's Political Discourses (1752) and republished in Essays and Treatises on Several Subjects, Volume 1 (1758, 1777). One essay has been praised by the Nobel-Prize-winning economist, Paul Krugman, who said in his newspaper column:""... Hume also helped found economics: his 'Of the Balance of Trade', published 34 years before The Wealth of Nations, was arguably the first example of modern economic reasoning, based on what amounts to a stylized model, albeit one without any equations or diagrams."" (New York Times, 8 May 2011, ""Hume Day"".) ... ""You could argue that modern economics really began with David Hume's 'Of the Balance of Trade', whose core is a gloriously clear thought experiment...."" (ibid., 2 Feb 2011, ""Models, Plain and Fancy"".)"
David Hume is known for his philosophical writings, but he also wrote on politics, history, and economics. This eBook contains 7 economic essays which were first published in Hume's Political Discourses (1752) and republished in Essays and Treatises on Several Subjects, Volume 1 (1758, 1777). One essay has been praised by the Nobel-Prize-winning economist, Paul Krugman, who said in his newspaper column: "... Hume also helped found economics: his 'Of the Balance of Trade', published 34 years before The Wealth of Nations, was arguably the first example of modern economic reasoning, based on what amounts to a stylized model, albeit one without any equations or diagrams." (New York Times, 8 May 2011, "Hume Day".) ... "You could argue that modern economics really began with David Hume's 'Of the Balance of Trade', whose core is a gloriously clear thought experiment...." (ibid., 2 Feb 2011, "Models, Plain and Fancy".)
The essays cover Commerce, Money, Interest, Balance of Trade, Jealousy of Trade, Taxes, and Pubic Credit (national debt). Hume explained economic phenomena we observe even today, such as the self-correction of job migration to lower cost countries, money supply issues, the undesirable results of tariffs, military buildup in underdeveloped countries, and other topics that give insights into the happenings we read about in the news almost daily. We are delighted to publish this classic book as part of our extensive Classic Library collection. Many of the books in our collection have been out of print for decades, and therefore have not been accessible to the general public. The aim of our publishing program is to facilitate rapid access to this vast reservoir of literature, and our view is that this is a significant literary work, which deserves to be brought back into print after many decades. The contents of the vast majority of titles in the Classic Library have been scanned from the original works. To ensure a high quality product, each title has been meticulously hand curated by our staff. Our philosophy has been guided by a desire to provide the reader with a book that is as close as possible to ownership of the original work. We hope that you will enjoy this wonderful classic work, and that for you it becomes an enriching experience.
David Hume is known for his philosophical writings, but he also wrote on politics, history, and economics. This eBook contains 7 economic essays which were first published in Hume's Political Discourses (1752) and republished in Essays and Treatises on Several Subjects, Volume 1 (1758, 1777). One essay has been praised by the Nobel-Prize-winning economist, Paul Krugman, who said in his newspaper column: ..". Hume also helped found economics: his 'Of the Balance of Trade', published 34 years before The Wealth of Nations, was arguably the first example of modern economic reasoning, based on what amounts to a stylized model, albeit one without any equations or diagrams." (New York Times, 8 May 2011, "Hume Day.") ... "You could argue that modern economics really began with David Hume's 'Of the Balance of Trade', whose core is a gloriously clear thought experiment...." (ibid., 2 Feb 2011, "Models, Plain and Fancy.") Adam Smith (1723-1790), the author of The Wealth of Nations (1776), is commonly considered the "father of modern economics," but Hume pre-dated Smith in that regard. Both were Scottish philosophers of the Scottish Enlightenment, and although Hume was a decade older than Smith, they became lifelong friends after they met in 1750. The essays cover Commerce, Money, Interest, Balance of Trade, Jealousy of Trade, Taxes, and Pubic Credit (national debt). Hume explained economic phenomena we observe even today, such as the self-correction of job migration to lower cost countries, money supply issues, the undesirable results of tariffs, military buildup in underdeveloped countries, and other topics that give insights into the happenings we read about in the news almost daily.
David Hume is known for his philosophical writings, but he also wrote on politics, history, and economics. This eBook contains 7 economic essays which were first published in Hume's Political Discourses (1752) and republished in Essays and Treatises on Several Subjects, Volume 1 (1758, 1777). One essay has been praised by the Nobel-Prize-winning economist, Paul Krugman, who said in his newspaper column: ..". Hume also helped found economics: his 'Of the Balance of Trade', published 34 years before The Wealth of Nations, was arguably the first example of modern economic reasoning, based on what amounts to a stylized model, albeit one without any equations or diagrams." (New York Times, 8 May 2011, "Hume Day.") ... "You could argue that modern economics really began with David Hume's 'Of the Balance of Trade', whose core is a gloriously clear thought experiment...." (ibid., 2 Feb 2011, "Models, Plain and Fancy.")Adam Smith (1723-1790), the author of The Wealth of Nations (1776), is commonly considered the "father of modern economics," but Hume pre-dated Smith in that regard. Both were Scottish philosophers of the Scottish Enlightenment, and although Hume was a decade older than Smith, they became lifelong friends after they met in 1750.The essays cover Commerce, Money, Interest, Balance of Trade, Jealousy of Trade, Taxes, and Public Credit (national debt). Hume explained economic phenomena we observe even today, such as the self-correction of job migration to lower cost countries, money supply issues, the undesirable results of tariffs, military buildup in underdeveloped countries, and other topics that give insights into the happenings we read about in the news almost daily.
David Hume is known for his philosophical writings, but he also wrote on politics, history, and economics. This eBook contains 7 economic essays which were first published in Hume's Political Discourses (1752) and republished in Essays and Treatises on Several Subjects, Volume 1 (1758, 1777). One essay has been praised by the Nobel-Prize-winning economist, Paul Krugman, who said in his newspaper column: ..". Hume also helped found economics: his 'Of the Balance of Trade', published 34 years before The Wealth of Nations, was arguably the first example of modern economic reasoning, based on what amounts to a stylized model, albeit one without any equations or diagrams." (New York Times, 8 May 2011, "Hume Day.") ... "You could argue that modern economics really began with David Hume's 'Of the Balance of Trade', whose core is a gloriously clear thought experiment...." (ibid., 2 Feb 2011, "Models, Plain and Fancy.") Adam Smith (1723-1790), the author of The Wealth of Nations (1776), is commonly considered the "father of modern economics," but Hume pre-dated Smith in that regard. Both were Scottish philosophers of the Scottish Enlightenment, and although Hume was a decade older than Smith, they became lifelong friends after they met in 1750. The essays cover Commerce, Money, Interest, Balance of Trade, Jealousy of Trade, Taxes, and Public Credit (national debt). Hume explained economic phenomena we observe even today, such as the self-correction of job migration to lower cost countries, money supply issues, the undesirable results of tariffs, military buildup in underdeveloped countries, and other topics that give insights into the happenings we read about in the news almost daily. This eBook is available only for personal and educational uses, non-commercial, with attribution to the source www.davidhume.org. Notice: This Book is published by Historical Books Limited (www.publicdomain.org.uk) as a Public Domain Book, if you have any inquiries, requests or need any help you can just send an email to [email protected] This book is found as a public domain and free book based on various online catalogs, if you think there are any problems regard copyright issues please contact us immediately via [email protected]
David Hume is known for his philosophical writings, but he also wrote on politics, history, and economics. This eBook contains 7 economic essays which were first published in Hume's Political Discourses (1752) and republished in Essays and Treatises on Several Subjects, Volume 1 (1758, 1777). One essay has been praised by the Nobel-Prize-winning economist, Paul Krugman, who said in his newspaper column: ..". Hume also helped found economics: his 'Of the Balance of Trade', published 34 years before The Wealth of Nations, was arguably the first example of modern economic reasoning, based on what amounts to a stylized model, albeit one without any equations or diagrams." (New York Times, 8 May 2011, "Hume Day.") ... "You could argue that modern economics really began with David Hume's 'Of the Balance of Trade', whose core is a gloriously clear thought experiment...." (ibid., 2 Feb 2011, "Models, Plain and Fancy.") Adam Smith (1723-1790), the author of The Wealth of Nations (1776), is commonly considered the "father of modern economics," but Hume pre-dated Smith in that regard. Both were Scottish philosophers of the Scottish Enlightenment, and although Hume was a decade older than Smith, they became lifelong friends after they met in 1750. The essays cover Commerce, Money, Interest, Balance of Trade, Jealousy of Trade, Taxes, and Public Credit (national debt). Hume explained economic phenomena we observe even today, such as the self-correction of job migration to lower cost countries, money supply issues, the undesirable results of tariffs, military buildup in underdeveloped countries, and other topics that give insights into the happenings we read about in the news almost daily.
David Hume (1711-1776) was a Scottish philosopher, historian, economist, and essayist, known especially for his philosophical empiricism and scepticism. He was one of the most important figures in the history of Western philosophy and the Scottish Enlightenment. Hume is often grouped with John Locke, George Berkeley, and a handful of others as a British Empiricist. He changed the spelling of his name from the Scottish "Home" in 1734, because "Home" was pronounced as the English pronounced "Hume", which was not known in England. Hume attended the University of Edinburgh at the unusually early age of twelve (possibly as young as ten) at a time when fourteen was normal. At first he considered a career in law, but came to have, in his words, "an insurmountable aversion to everything but the pursuits of Philosophy and general Learning; and while [my family] fanceyed I was poring over Voet and Vinnius, Cicero and Virgil were the Authors which I was secretly devouring." He had little respect for the professors of his time, telling a friend in 1735, "there is nothing to be learnt from a Professor, which is not to be met with in Books." He found employment at various times as a merchant's clerk and as a tutor, while continuing to study philosophy and write his works, the first of which, A Treatise of Human Nature, he completed at age 26. It was not well received by critics in Great Britain. In 1744 Hume applied for the Chair of Pneumatics and Moral Philosophy at the University of Edinburgh. However, the position was given to someone else after Edinburgh ministers petitioned the town council not to appoint Hume because he was seen as an atheist. Later, Hume was charged with heresy, but he was defended by his young clerical friends, who argued that - as an atheist - he was outside the Church's jurisdiction. Despite his acquittal, Hume failed to gain the chair of philosophy at the University of Glasgow. Hume wrote on the subjects of philosophy (especially on epistemology - how one knows something to be true), religion, history, and politics. Through his discussions on politics, Hume developed many ideas that are prevalent in the field of economics today. This includes ideas on private property, inflation, and foreign trade. Referring to Hume's essay "Of the Balance of Trade," Paul Krugman (a Nobel-prize-winning economist) has remarked "... David Hume created what I consider the first true economic model.
The essays taken on the issues that have fascinated Calvo most as an academic, a senior advisor at the International Monetary Fund and as the chief economist at the Inter-American Development Bank: monetary and exchange rate policy, financial crises, debt, taxation and reform, and transition and growth.