David Hume: David Hume, Scottish philosopher, historian, economist, and essayist known especially for his philosophical empiricism and skepticism. ... Because of the intensity and excitement of his intellectual discovery, he had a nervous breakdown in 1729, from which it took him a few years to recover. read more
In my previous post about Nick Rowe and Milton Friedman, I pointed out to Nick Rowe that Friedman (and Phelps) did not discover the argument that the long-run Phillips Curve, defined so that every rate of inflation is correctly expected, is vertical. read more
David Hume, (born May 7 [April 26, Old Style], 1711, Edinburgh, Scotland—died August 25, 1776, Edinburgh), Scottish philosopher, historian, economist, and essayist known especially for his philosophical empiricism and skepticism. Hume conceived of philosophy as the inductive, experimental science of human nature. read more