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Essays, Moral, Political, and Literary (1758) is a two-volume compilation of essays by David Hume. [1] Part I includes the essays from Essays, Moral and Political, [2] plus two essays from Four Dissertations. The content of this part largely covers political and aesthetic issues.
He uses, as example, the "ridiculous" behaviour of the ancient Athenian government in banning the export of a certain kind of fig deemed too delicious for mere foreigners, but he goes on to cite similar errors in contemporary England and France, as well. In modern economic terms, that is equilibration through the price-specie flow mechanism. In ...
In practice, however, specie flows during the classical gold standard era failed to exhibit the self-corrective behavior described above. Gold finding its way back from surplus to deficit countries to exploit price differences was a painfully slow process, and central banks found it far more effective to raise or lower domestic price levels by lowering or raising domestic interest rates.
Hume was born on 26 April 1711, as David Home, in a tenement on the north side of Edinburgh's Lawnmarket.He was the second of two sons born to Catherine Home (née Falconer), daughter of Sir David Falconer of Newton, Midlothian and his wife Mary Falconer (née Norvell), [14] and Joseph Home of Chirnside in the County of Berwick, an advocate of Ninewells.
Austerity is grounded in liberal economics' view of the state and sovereign debt as deeply problematic. Blyth traces the discourse of austerity back to John Locke's theory of private property and derivative theory of the state, David Hume's ideas about money and the virtue of merchants, and Adam Smith's
He pointed out that his DATA Act, passed in 2014, established the first-ever way to track every dollar of U.S. government spending online via USASpending.gov. “If there’s ways to save spending ...
It is generally regarded that Hume considered such derivations untenable, and his 'is–ought' problem is considered a principal question of moral philosophy. [5] Hume shared a political viewpoint with early Enlightenment philosophers such as Thomas Hobbes (1588–1679) and John Locke (1632–1704). Specifically, Hume, at least to some extent ...
Aside from lopping off entire agencies, here are some examples of controversial federal spending that, based on Musk and Ramaswamy’s recent comments, could be in the line of fire for coming cuts: