amimetobios

Imagining Money XX 3-11-19 Mandeville, Hume, Inflation


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A little more on Mandeville and the line that leads from him through Hutcheson (whom I didn't mention by name) to Hume and Smith.  The nature of inflation, due to money's only having exchange value, and the nature of stimulus, as analyzed by Hume.  A beginning of a discussion on the beauty of utility, according to Smith.

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