..., and of the relationships between them, both for the literature of the time, and for later debates about the origins of 1930s Chicago ideas about monetary economics. He is correct to locate these documents in a more general quantity theoretic tradition, but his discussion here is marred by a serious misunderstanding...

... be that such a result would support a large role for the mar- ket, which would jar with what a Ruskin, say, could allow. If, as he insisted, the value of true art is first and foremost moral, this requires that art and artists are sui generis, unlike other goods and their producers. This dis- tinctiveness fits...

.... Without marginal utility or, in Mar- shall’s version, because art objects are not easily graded, there could also be no demand curve. Comparisons based on quality might be made, but then it is the ranking procedure used that accounts for the demand curve, not marginal utility theory. The upshot...

.... Wark in 1959. Here we use the 1997 updated version of that edition, referring in the text simply to Discourses. Wark’s edition includes Blake’s mar- ginalia and Hazlitt’s essays on the Discourses, but not Reynolds’s three Idler letters which, however, are appended to the Penguin edition (1992...

... of markets. Menger distinguishes clearly between technological uncertainty which can be reduced through the acquisition of technical knowledge and uncertainty gener- ated through demand fluctuation and the absence of organized mar- ketMenger shows that the cost of uncertainty borne...