Adam's fallacy : a guide to economic theology / Duncan K. Foley.

Includes bibliographical references and index.

Preface -- 1. Adam's vision -- The division of labor -- The theory of value -- Capital accumulation -- The invisible hand and the state -- Smith's theory of money -- Adam's fallacy revisited -- 2. Gloomy science -- Second thoughts -- Malthus and population -- The context of Malthus's Essay -- Malthus's postulates -- Malthusian logic -- Population and food since Malthus's time -- Ricardo and the limits to growth -- Ricardo's labor theory of value -- Accumulation and the stationary state -- Ricardo's views on machinery -- The political economy of poverty -- 3. The severest critic -- Historical materialism -- The commodity and the theory of value -- Capitalist exploitation -- Accumulation and the falling rate of profit -- Primitive accumulation -- The transition to socialism -- Marx and proletarian revolution -- Marxist theory and social change -- 4. On the margins -- Adam's fallacy needs new shoes -- Marginalism -- Where do prices come from? -- Marginalism and social welfare -- Marginalism and time -- Veblen and conspicuous consumption --

5. Voices in the air -- John Maynard Keynes -- World capitalism in Keynes's time -- Say's law and laissez-faire -- Labor markets and unemployment -- Expectations and money -- The fate of capitalism -- Complexity vs. collectivism -- The prophet of technology -- 6. Grand illusions -- Looking in the mirror -- Two-armed economists -- Escaping Adam's fallacy -- Face to face with Adam's curse -- Reading further -- Appendix -- Demographic equilibrium -- Theories of money and prices -- Ricardo's theory of rent and accumulation -- Decomposition of the value of commodities -- The working day -- Index.