Journal of Economic Literature
Book Reviews
2026-08-28
Julie A. Nelson of Tufts University reviews “Adam's Fallacy: A Guide to Economic Theology” by Duncan K. Foley,. The EconLit Abstract of the reviewed work begins “Explains the core ideas of the great economists, beginning with Adam Smith and ending with Joseph Schumpeter. Discusses Adam Smith's vision; gloomy science; the severest critic; on the margins; voices in the air; and grand illusions. Foley is Leo Model Professor of Economics at the New School for Social Research. Index.”