Attempts to explain the core ideas of the great economists, beginning with Adam Smith and ending with Joseph Schumpeter. This book expresses the belief that economics at its most abstract and interesting level is a speculative philosophical discourse, not a deductive or inductive science.

Yet the market does not address the problem of distribution - that is, how is the gain in wealth to be divided among the classes and members of society? Nor does it address such problems as the long-run well-being of the planet. "Adam's Fallacy" is beautifully written and contains interesting observations and insights on almost every page. It will engage the reader's thoughts and feelings on the deepest level.