Draft: To Spend Is to Tax

History of Political Economy: A New Course I Am Not Going to Teach This Year--or the Year After



  • Albert Hirschman, The Passions and the Interests
  • David Hume, "On the Balance of Trade"
  • Adam Smith, Theory of Moral Sentiments
  • Adam Smith, Wealth of Nations
  • Paul Krugman, Ricardo's Difficult Idea http://web.mit.edu/krugman/www/ricardo.htm
  • David Ricardo, On Foreign Trade (chapter 7 of Principles of Political Economy and Taxation)
  • David Ricardo, An Essay on the Influence of a Low Price of Corn on the Profits of Stock
  • John Stuart Mill, Principles of Political Economy (selections)
  • Karl Marx, The Communist Manifesto
  • Karl Marx, Wage Labor and Capital
  • Karl Marx, Capital (selections)

Late Classics:

  • Alfred Marshall, Principles of Political Economy (selections)
  • Max Weber, The National State and Economic Policy
  • Norman Angell, The Great Illusion


  • Polanyi, The Great Transformation (selections)
  • John Maynard Keynes, The Economic Consequences of the Peace
  • John Maynard Keynes, A Tract on Monetary Reform
  • John Maynard Keynes, Essays in Persuasion
  • George Orwell, The Road to Wigan Pier
  • Friedrich Hayek, The Use of Knowledge in Society
  • Milton Friedman, Capitalism and Friedman
  • James Buchanan and Gordon Tullock, The Calculus of Consent

Moderns (Africa):

  • Albert Hirschman, Exit, Voice, and Loyalty
  • Robert Bates, Markets and States in Tropical Africa
  • James Scott, Seeing Like a State
  • Rene Dumont, False Start in Africa
  • Margaret Macmillan et al., When Economic Reform Goes Wrong: Cashews in Mozambique
  • Daron Acemoglu et al., An African Success Story: Botswana