Finance Encyclopedia Sources and Further Reading, Part 2 of 2

October 11, 2026 Finance Encyclopedia
Part 7: ESG and Sustainable Finance
Part 8: Operational Risk Governance and the Reconciliation Discipline
Part 9: The History of Economic Thought
  • Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations (1776), Project Gutenberg — Pin workshop, butcher and invisible-hand passages, collusion warning, three duties of the state (9.1)
  • David Ricardo, On the Principles of Political Economy and Taxation (1817), Project Gutenberg — England-Portugal cloth and wine example; capital-mobility caveat (9.2)
  • Karl Marx, Capital, Volume One, Chapter 9: The Rate of Surplus-Value (marxists.org) — c = £410, v = £90, s = £90 example; rate of surplus value vs rate of profit (9.3)
  • W. S. Jevons, The Theory of Political Economy (Econlib) — “value depends entirely upon utility”; first published 1871 (9.4)
  • Alfred Marshall, Principles of Economics, Book V, Chapter III (Econlib) — Scissors passage; first published 1890 (9.4)
  • F. A. Hayek, “The Use of Knowledge in Society,” American Economic Review (1945), Econlib — Price system as a mechanism for communicating information (9.4)
  • J. A. Schumpeter, Capitalism, Socialism and Democracy, Chapter VII — Creative destruction quotation (9.4)
  • J. M. Keynes, The General Theory, Chapters 10 and 12 (marxists.org) — Animal spirits and casino passages; Kahn credited with the multiplier in Chapter 10 (9.5)
  • Irving Fisher, “The Debt-Deflation Theory of Great Depressions,” Econometrica (1933), FRASER — Debts −20%, dollar +75%, real debt +40%; “the more the debtors pay, the more they owe” (9.5)
  • Hyman P. Minsky, “The Financial Instability Hypothesis,” Levy Institute Working Paper No. 74 (1992) — Hedge, speculative and Ponzi finance; drift over good times (9.5)
  • Valerie A. Ramey, “Ten Years After the Financial Crisis,” Journal of Economic Perspectives (2019) — Spending multipliers mostly 0.6 to 1 (9.5)
  • Milton Friedman, “The Role of Monetary Policy,” American Economic Review (1968) — Natural rate; temporary but no permanent trade-off; steady money growth rule (9.6)
  • Friedman and Goodhart, Money, Inflation and the Constitutional Position of the Central Bank (IEA, 2003) — Reprints the 1970 “always and everywhere a monetary phenomenon” passage in full (9.6)
  • Federal Reserve Act, Section 2A: Monetary policy objectives — Statutory mandate; added Nov 16, 1977, amended Oct 27, 1978 (9.6)
  • Federal Reserve Bank of Richmond, “The Federal Reserve’s Dual Mandate,” Economic Brief EB11-12 (2011) — Resolution 133 (1975); Humphrey-Hawkins goals of 4% unemployment and 3% inflation (9.6)
  • Hoover Institution, Collected Works of Milton Friedman: “Humphrey-Hawkins” (Aug 2, 1976) — Friedman’s op-ed against the Humphrey-Hawkins bill (9.6)
  • FRED, Federal Reserve Bank of St. Louis: M2V, M2SL, CPIAUCNS, UNRATE — Velocity, money growth, inflation and unemployment figures (9.6)
  • Royal Swedish Academy of Sciences, Prize in Economic Sciences press releases (1987, 1990, 1995, 1997, 2001, 2013, 2018, 2024, 2025) — Laureate motivations; Fama-Shiller-Hansen summary; Muth 1961 and Lucas critique; Akerlof; Solow; Romer; AJR; Aghion-Howitt (9.4–9.8)
  • Amartya Sen, “Democracy as a Universal Value,” Journal of Democracy 10(3) (1999) — Famine and democracy quotation (9.8)
  • Reserve Bank of India, Monetary Policy Framework — 4% target, 2–6% band, target periods to March 2031, MPC, failure definition, preamble (India Lens)
Part 0 and Part 10: Orientation and the Full Stitch III
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