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The Concise Encyclopedia of Economics
FEATURED TOPIC

Charity

Russell Roberts
Let me introduce you to an acquaintance of mine: Homo economicus, or economic man. He is an interesting character. Economic man (it is never economic woman) is a rational, self-interested fellow always looking out for himself. He does not give to charity. Why waste money on someone other than yourself? He never leaves a tip in a restaurant unless he expects to eat there again. He never votes because his single vote is almost certain to be worthless in determining the outcome of an election, even a close one. Give blood for a blood drive? Are you crazy? MORE
ALSO OF INTEREST

Property Rights

Armen Alchian

Armen Alchian

Biography

James J. Buchanan

Biography

Hoover's Economic Policies

Steven Horwitz

Health Care

Michael A. Morrisey

Political Behavior

Richard L. Stroup

Federal Debt

Robert Eisner

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FEATURED BIOGRAPHY

Jacob Viner

(1892-1970)
Economics historian Mark Blaug called Jacob Viner "the greatest historian of economic thought that ever lived." One of Viner's greatest accomplishments is his book Studies in the Theory of International Trade. This work is not just a history of the theory of international trade but also a guidebook that tells where the early economists who studied trade were wrong and where they were right. In it Viner decisively refuted fallacies of mercantilism. Viner also wrote a famous 145-page introduction to an edition of John Rae's Life of Adam Smith.. MORE
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