Biography of Adam Smith, 2002 A brief account of Adam Smith’s
life and work from the Library of Economics and Liberty. This
biography emphasizes the free-market aspects of Smith’s
philosophy. The Betrayal of Adam Smith, 2001 David Korten
explains how free-market ideologues have distorted Smith’s work
to meet their own ends in this excerpt from his book, When
Corporations Rule the World . Korten points out the differences
between Smith’s philosophy and contemporary capitalism, citing
several instances where Smith recognized the limits of free
markets in promoting overall wellbeing. Description of J.M.
Keynes’ Life and Theory, 1999 An overview of Keynes and his
contributions to economics by former U.S. Labor secretary Robert
Reich. This Time magazine profile emphasizes that governments
must play an important role in managing the economy by deficit
spending to avert crises. An Introduction to Dependency Theory,
1996Link Political Scientist Vincent Ferraro summarizes the
major arguments of dependency theory, a sc