This book is an essay in what is derogatorily called “literary economics,” as opposed to mathematical economics, econometrics, or (embracing them both) the “new economic history.” A man does what he can, and in the...

Economic development is something much wider and deeper than economics, let alone econometrics. Its roots lie outside the economic sphere, in education, organisation, discipline and, beyond that, in political independence and a national consciousness of...

Economics also has to become a fundamentally monetary discipline—from the consideration of how individuals make market decisions through to our understanding of macroeconomics. The myth of “the money illusion” (which can only be true in...