I.Economic Liberalism
     A.Adam Smith, 1723-1790
          1.book: Wealth of Nations (1776)
          2.Supply and Demand
          3.Laissez Faire
     B.Thomas Malthus, 1766-1834 (the "Dismal Theory")
          1.book: Essay on Population (1789)
          2.Population outstrips Food supply
          3.Only poverty and privation hold the poor in check
          4.If you feed the poor, they will breed
          5.They are poor because of their low moral condition
     C.David Ricardo, 1772-1823
          1.book: Principles of Political Economy and Taxation (1817)
          2.Natural wage is the subsistence level
          3.Pay workers more, and they will breed
     D.Jeremy Bentham, 1748-1832
          1.book: Principles of Morals and Legislation (1789)
          2.Utilitarianism
               a.The Useful is the Good
               b.Greatest Good for the Greatest Number
          3.Prison centered economy is ideal - factories in prisons
     E.John Stuart Mill, 1806-1873
          1.book: Principles of Political Economy (1848)
               a.Laissez Faire capitalism destructive
               b.State monopolies of utilities necessary & desirable
               c.Government controlled compulsory education
               d.Child Labor laws
          2.book: Subjection of Women (1869)
               a.Equal rights for women (sort of)
               b.Actually they are to be subjugated the same as most men!
     F.John Maynard Keynes, 1883-1946 ("Keynesian" economics)
          1.book: General Theory of Employment, Interest and Money (1936)
          2.Government publics works program to promote employment
          3.Government deficit spending to boost economy
               a.Government subsidizes economy to stimulate business
               b.Government goes into debt
               c.Economy increases because of government spending
               d.Government collects increased taxes in new prosperity
          4.Government manipulation of money supply and interest rates
          5.Supported World Bank to promote deficit spending globally

II.The Reformers: von Mises and Hayek
     A.Ludwig von Mises, 1881-1973.
          1.book: Theory of Money and Credit (1912)
          2.book: Human Action (1940)
          3."Austrian" or "Vienna" school of economics
          4.Economic defense of the free market
               a.Free market is most stable
               b.Free market encourages production of needed goods & services
               c.Free market allows for greatest social mobility
          5.Free Market guarantees greatest freedom to individuals
          6.Government interventionism promotes inflation, bubble economy
          7.Socialism internally inconsistent, doomed to failure
     B.Friedrich von Hayek, 1899-1992
          1.book: The Road to Serfdom (1944)
          2.Opposed government intervention in economy
               a.Government intervention inflates economies
               b.Government intervention destabilizes the currency
               c.Government intervention destroys the market
               d.Government intervention destroys freedom