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American Exceptionalism

Economics, Finance, Political Economy, and Economic Laws

Michael Szenberg, Lall Ramrattan

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Springer International Publishing img Link Publisher

Sozialwissenschaften, Recht, Wirtschaft / Volkswirtschaft

Beschreibung

The publication of Alexis de Tocqueville’s Democracy in America has kindled interest across disciplines to appraise the exceptional nature of U.S. activities. In general, however, all the published works have not focused their analyses from an economic point of view. While economics was for some a “dismal science” following Thomas Carlyle’s characterization of Malthus’ demographic model, it has increasingly become the “queen of the social sciences” for more practitioners. The book fills a gap in the literature by describing the American contributors as precursors and genuinely exceptional economists. We present their works within the state of the nation in which they advance their discipline.

One is treated to both qualitative and quantitative theories in the opening chapter. Budding theories that became established theories of Economics and Finance are investigated in Chapters II and III.  When President John Adams was confronted with M. Turgot’s criticisms of the American government, he resorted to a historic survey of types of government from ancient Greece to the Middle Ages. Similarly, we have included a final chapter, Chapter IV, to present the argument for American Exceptionalism in the domain of Political Economy and Economic Law over the ages.

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Schlagwörter

simon nelson patten, us constitution, Alexis de Tocquevillemilton friedman, irving fisher, john bates clark, founding fathers, Democracy in America, howard zinn, American Exceptionalism, kenneth arrow, frank albert fetter, paul samuelson, Louis Bachelier’s Presentation, karl polanyi, economic development, Marginal Revolution, robert heilbroner, Brownian Basis of Speculation Theory, Economic analysis, tyranny