Economics & Economic Thought
Mackay’s famous historical survey examines episodes of collective enthusiasm, speculation and social contagion. The useful way to read it is not as a modern behavioral-science manual, but as a collection of cautionary stories about how crowds can reinforce beliefs and prices
Economics & Economic Thought
Engels distinguishes between earlier “utopian” socialist projects and the form of socialist theory he and Marx advocated. It is short enough to read alongside a contrasting work, which makes it particularly useful for understanding the internal vocabulary of nineteenth-century socialist argument
Economics & Economic Thought
The Manifesto is a political and economic argument about class conflict, capitalism and historical change. Its value for a beginner is partly comparative: reading it alongside Adam Smith exposes two very different ways of thinking about markets, property, labor and social order
Economics & Economic Thought
Thomas Clarkson’s history of the British campaign against the African slave trade tells the story of abolition as a long political struggle rather than a sudden act of moral enlightenment. Clarkson describes the evidence gathered about the slave trade, the experiences of people who opposed it
Economics & Economic Thought
Adam Smith develops a theory of moral judgment based on sympathy, the imagined perspective of others, self-command, propriety, virtue, and the social need for mutual approval
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