Author: Robert L. Bradley Jr.

Chapter 10 Internet Appendix The Dark 1970s 10.1 Hotelling’s Sophism 10.2 The Conversion of Julian Simon Bibliography: Chapter 10 Appendices 10.1 Hotelling’s Sophism   Harold Hotelling became the mineral-resource economist of choice in the 1970s, entirely eclipsing Erich Zimmermann. Hotelling’s “The Economics of Exhaustible Resources” (1931) theoretically explained the profit-maximizing distribution of a fixed stock between time periods under a

Chapter 9 Internet Appendix Neo-Malthusianism 9.1 Thoroughgoing Alarmism: Paul Ehrlich and John Holdren 9.2 Deep Ecology 9.3 Welfare Economics Bibliography: Chapter 9 Appendices 9.1 Thoroughgoing Alarmism: Paul Ehrlich and John Holdren The comprehensive energy alarmism of Paul Ehrlich and John Holdren in the 1960s and 1970s is summarized below. The global warming scare, replacing global cooling concerns, would preoccupy these

Chapter 8 Internet Appendix A Joined Debate 8.1 Zimmermann—A Forgotten Economist 8.2 Zimmermann and Institutionalism 8.3 Zimmermann’s Methodological Isolation 8.4 Zimmermann and Petroleum Conservation 8.5 The Rise of Conservation Economics Bibliography: Chapter 8 Appendices 8.1 Zimmermann—A Forgotten Economist The aphorism that “everything of importance has been said before by somebody who did not discover it” (Blaug: 283) can be applied

Chapter 7 Internet Appendix Malthusianism 7.1 Pre-Malthus “Malthusianism” 7.2 Did Malthus Change His Mind? 7.3 Coal: The Great Liberator 7.4 Jevons as a Malthusian 7.5 Precedent to Jevons 7.6 Unnecessary Alarmism? Bibliography: Chapter 7 Appendices 7.1 Pre-Malthus “Malthusianism” Thomas Malthus, like Adam Smith, was more a synthesizer than a creator of ideas. Before Malthus, the theory that population was a

Chapter 6 Internet Appendix U.S. Political Capitalism 6.1 “Overproduction” and the Business Cycle 6.2 Progressivism and Statism 6.3 The “New Vocabulary” 6.4 Early Political Capitalism 6.5 The Hoover Mythology Bibliography: Chapter 6 Appendices 6.1 Overproduction and the Business Cycle The “secular stagnation” theory of capitalism became popular in the economically challenged 1930s. Joseph Schumpeter envisioned entrepreneurship becoming bureaucratized in capitalism’s

Chapter 5 Internet Appendix The Business of Politics 5.1 Kolko and Schumpeter on Capitalist Stagnation and Instability 5.2 The “Remarkable” Influence of Perfect-Competition Theory 5.3 The Realism of Arthur Bentley Bibliography: Chapter 5 Appendices 5.1 Kolko and Schumpeter on Capitalist Stagnation and Instability Underlying Kolko’s historical analysis was the Marxian notion of the inherent inability of capitalism to create adequate

Chapter 4 Internet Appendix Business Opportunity 4.1 Equilibrium versus Market Process 4.2 Entrepreneurship in Economics: From Unknown to Missing 4.3 Schumpeter, Drucker, and Hamel 4.4 Economic Calculation Revisited 4.5 Externalities and Economic Calculation 4.6 The Institutional Framework of Economic Calculation 4.7 Markets within a Firm Bibliography: Chapter 4 Appendices 4.1 Equilibrium versus Market Process Equilibrium—also called the evenly rotating economy

Chapter 3 Internet Appendix Supply-Side Ethics: Ayn Rand 3.1 Epistemological Objectivism versus Economic Subjectivism 3.2 The Roots of Philosophical Subjectivism 3.3 Reality, Deceit, and Philosophical Fraud 3.4 Jeff Skilling as a Nietzschean Great Man 3.5 Selfishness versus Altruism Revisited 3.6 Critics of Objectivism 3.7 Objectivism in the History of Philosophy Bibliography: Chapter 3 Appendices 3.1 Epistemological Objectivism versus Economic Subjectivism

                                 Chapter 2 Internet Appendix Character and Capitalism: Samuel Smiles 2.1 Self-Help in the Self-Help/Motivational Literature 2.2 Samuel Smiles and the Feminist Movement 2.3 Samuel Smiles and Laissez-Faire Capitalism 2.4 Some Misrepresentations of Smiles Bibliography: Chapter 2 Internet Appendices 2.1 Self-Help in the Self-Help/Motivational Literature

Chapter 1 Internet Appendix The Soul of Commerce: Adam Smith 1.1 A Worldly View 1.2 Adam Smith and Societal Order 1.3 On Bankruptcy Theory 1.4 Adam Smith and Public Policy 1.5 Self-Interest and Self-Sacrifice Bibliography: Chapter 1 Internet Appendices 1.1 A Worldly View Adam Smith’s father-like contributions to economics in The Wealth of Nations(1776) have been challenged, beginning from at