David Hume, 1711-1776.


One of the greatest philosophers in Western history, as well as an accomplished historian and economist, the perennial skeptic and delightful fellow, David Hume was, together with his good friend Adam Smith, one of the most prominent figures in the "Scottish Enlightenment".

In economics, best exemplified in his various Essays (1758) on the matter, Hume was a virulent anti-Mercantilist, ardent free-trader and one of the better articulators of the Quantity Theory and the neutrality of money ("It is none of the wheels of trade: it is the oil which renders the motion of the wheels more smooth and easy", On Money, 1752). Hume was the constructor of the "specie-flow" mechanism of international trade and originator of the "reflux principle". His theories of "evolution" of ethics, institutions and social conventions and were highly influential upon Hayek and later evolutionary theories.

The other particulars of Hume are outlined in our Introduction to David Hume.

For a more complete list, see our Bibliography of Hume's works

Economic Writings (all from Hume's Essays: Moral, political and literary, 1758).

Other Writings - click here for a more complete bibliography

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