1 ADAM′S V I S I O N 1
The Division of Labor / The Theory of Value / Capital Accumulation
The Invisible Hand and the State / Smith′s Theory of Money
Adam′s Fallacy Revisited
2 GLOOMY S C I E N C E 45
Second Thoughts / Malthus and Population
The Context of Malthus′s Essay / Malthus′s Postulates
Malthusian Logic / Population and Food since Malthus′s Time
Ricardo and the Limits to Growth / Ricardo′s Labor Theory of Value
Accumulation and the Stationary State
Ricardo′s Views on Machinery / The Political Economy of Poverty
3 THE S E V E R E S T C R I T I C 86
Historical Materialism / The Commodity and the Theory of Value
Capitalist Exploitation / Accumulation and the Falling Rate of Profit
Primitive Accumulation / The Transition to Socialism
Marx and Proletarian Revolution / Marxist Theory and Social Change
4 ON THE MARGINS 155
Adam′s Fallacy Needs New Shoes / Marginalism
Where Do Prices Come From? / Marginalism and Social Welfare
Marginalism and Time / Veblen and Conspicuous Consumption
5 V O I C E S I N THE A I R 179
John Maynard Keynes / World Capitalism in Keynes′s Time
Say′s Law and Laissez-Faire / Labor Markets and Unemployment
Expectations and Money / The Fate of Capitalism
Complexity vs. Collectivism / The Prophet of Technology
6 GRAND I L L U S I O N S 213
Looking in the Mirror / Two-Armed Economists
Escaping Adam′s Fallacy / Face to Face with Adam′s Curse
