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Adam Smith on market and state

Article Abstract:

Adam Smith was an 18th century economist who whose work on the economy and society was characterized by pragmatism. He did not advocate laissez-faire policies exclusively, but instead aimed for a main goal of rapid growth of the economy, and selected whatever tool appeared likely to achieve this aim. Smith could be represented as a cautious interventionist. He saw the market and the government as different and competing means rather than as ends in themselves. This can be seen in different aspects of his work such as his discussion of public finance.

Analysis, History, Economic policy, Works, Smith, Adam (Economist)

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Reconsidering money: monetary exchange with additive transaction costs

Article Abstract:

Transaction costs involved in monetary exchange are examined in detail, and their implications for economic models of monetary transactions are also assessed.

Economic aspects, Money, Money market, Money markets

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