Studies how and why so many countries participated in Mercantilism and the theory behind Mercantilism.

In this lesson summary review and remind yourself of the key terms and graphs related to short-run aggregate supply. Topics include sticky wage theory and menu cost theory, as well as the causes of short-run aggregate supply shocks.

The original text of a 1729 essay by Benjamin Franklin entitled "A Modest Enquiry into the Nature and Necessity of a Paper-Currency." Franklin supports paper currency to encourage trade.

In this lesson summary review and remind yourself of the key terms and calculations related to money growth and inflation. Topics include the quantity theory of money, the velocity of money, and how increases in the money supply may lead...

Summarizes how Irving Fisher is forever linked to the Cowles Foundation at Yale University.

The life and work of philosopher Karl Marx is surveyed with links to full-text translations of The Communist Manifesto and other tracts.

This Fordham University site offers sociologist Thorstein Veblen's views on conspicuous consumption, taken from his work, The Theory of the Leisure Class: An Economic Study on Economic Institutions.

The free labor ideology of the nineteenth century was grounded in the beliefs that Northern free labor was superior to Southern slave labor. It was this free labor ideology and not the republicanism of the Revolutionary War era that...