The Backward Art of Spending Money, and Other Essays

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This collection of essays by a pioneer in the study of business cycles, leader in quantitative economics and innnovator in the history of economic thought was compiled and edited by his student Joseph Dorfman. In addition to the title essay, the volume includes "Social Science and National Planning," "The Role of Money in Economic Theory," "Bentham's Felicific Calculus," "Postulates and Preconceptions of Ricardian Economics," and "Thorstein Veblen." "In several essays on individual men and doctrines ... Mitchell showed ... the interdependence of economic thought and political and moral philosophy." International Encyclopedia of the Social Sciences. "The leading item ... showed the limited extent to which the rationale of economic calculation applied in the field of consumption." H.W. Spiegel The Growth of Economic Thought