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Tag: Classical Economics

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History of Economic Ideas

David Hume and Adam Smith: Similarities and Differences

August 16, 2025 — 0 Comments

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“The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist.” John Maynard Keynes, The General Theory of Employment, Interest and Money, 1936. This blog contains links to these ideas as they have developed over the years. Books, external links, biographies, quotations and other material related to the development of economic ideas.

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Irving Fisher’s The Theory of Interest (1930)
David Hume and Adam Smith: Similarities and Differences
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