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Economists

David Ricardo On the Principles of Political Economy and Taxation in PDF

On the Principles of Political Economy and Taxation by David Ricardo was written in 1817. The Economic themes in this book were value and free trade. The book also addresses many subsidiary issues. You can download it here: On the Principles of Political Economy and Taxation by David Ricardo in PDF I recommend you download […]

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Economists

Michael Woodford – Financial Intermediation and Macroeconomic Analysis – Review

Michael Woodford’s 2010 paper “Financial Intermediation and Macroeconomic Analysis”, improves his theory that was articulated in this book, Interest and Prices (2003). He based this on the data and experiences from the 2008 financial crisis and changing ideas in monetary economics since his 2003 work. I have academic respect for Michael Woodford, this review is […]

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Economists

Natural Rate of Interest- Wicksell – Price Stability

Price Stability equated with neutral money Wicksell’s third definition of the natural rate of interest focused on the price level. That is there is a rate of interest that tends neither to increase or decrease prices. That is, when the observable market rate of interest is at a certain level, the price level will be […]

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Economists

Natural Rate of Interest – Wicksell – Loan Capital Equal

Demand and Supply of Loan Capital Equal Wicksell’s second definition of the natural rate of interest is the rate at which the demand for loan capital and the supply of loan capital is equal. Wicksell writes “The rate of interest at which the demand for loan capital and the supply of savings exactly agree, and […]

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Economists

Natural Rate of Interest – Wicksell’s Moneyless Rate

The natural rate of interest is an unobservable hypothetical rate of interest that was conceptualized by the Swedish Economist Knut Wicksell. There were precursors to this theory, such as Henry Thorton An Enquiry into the Nature and Effects of the Paper Credit of Great Britain in 1802, however, it was Wicksell’s theory that can trace […]

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Economists

General Theory by Keynes – Free Ebook

John Maynard Keynes’ book The General Theory of Employment, Interest and Money published 1936 was a paradigm shift from the classical school. His book was a new understanding of money and markets. Whereas Keynes’ Treatise on Money was an extension of the theory of time,  his General Theory started what is known as the “Keynesian […]

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Economists

Capital by Karl Marx in PDF

This is a free version of Capital by Karl Marx for download below in PDF. It is not just the book Volume I,  that are found on other websites, nor an on-line version where you have to scroll through endless pages in your browser, rather this is Volume I, II and III in one book […]

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Economists

On Liberty – John Stuart Mill

The book On Liberty by John Stuart Mill written in 1859 is available here in PDF format for e-readers. You can download it below.  The idea of Liberty is central idea behind our nation. The US was founded on the ideals of the enlightenment, something I personally believe in. Social values of justice, equality and […]

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Economists

Communist Manifesto in PDF

The Communist Manifesto by Karl Marx and Friedrich Engels changed the world. It was a social political gospel for the economically disheartened. I have put together a free copy of Karl Marx in PDF here. I resisted interjecting my own views into the introduction of the book as I did not want to sway the […]

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Economists

Karl Marx on religion – the logical flaw in Marxist economic theology

Karl Marx was a left-wing Hegelian who argued that God was an “opiate of the masses”. The purpose of this post is to give an answer to Marx’s view of religion for today’s time. Now more than ever, economics and wealth is a hot topic. The idea of the poor, the struggling middle class, and […]