Pioneering sociologist William Graham Sumner (1840Ð1910) was a prolific and astute historian of the early American republic. His work is informed by both his classical liberalism and his understanding of economics. He authored eight major works including major biographies and thematic studies concentrating on the vital subjects of currency, banking, business cycles, foreign trade, protectionism, and democratic politics.

The pioneering sociologist William Graham Sumner was a prolific and astute historian of the early American republic, whose work was informed by his classical liberalism and his understanding of economics. He authored seven major works including biographies and thematic studies concentrating on the vital subjects of currency, banking, business cycles, foreign trade, protectionism, and politics. Although his works are out of print, and hardly mentioned or referred to by historians or economists, they are quite valuable for understanding the politics and (...) major economic issues of the first century of the republic.1 They are: History of American Currency, Lectures on the History of Protection, Andrew Jackson, Alexander Hamilton, The Financier and Finances of the American Revolution, 2 vols., Robert Morris, History of Banking in the United States. As one can see, Sumner was most interested in the history of money and banking in America. He was a resolute opponent of inflation, inconvertible currencies, legal tender laws, bimetallic standards, and the American practice of fractional-reserve banking. His theory of the business cycle was built on the work of antebellum political economists such as Condy Raguet. Sumner’s understanding of it is sophisticated and proto- Austrian. (shrink)

Mysticism ; Islamic philosophy ; Sufism.

On Sikh ethics; includes brief biographies of Sikh religious leaders.

Everyone knows that Wales is a land of scenery. It is also known to have local customs and usages, and a peculiar language; in fact it has also its own history and historical memories. By virtue of these things Wales is a nation with its own life and culture, which merits study and demands respect.

Speeches of the author on theory of knowledge in the context of Islamic philosophy.

Probably to most students of Moral Philosophy there comes a time when they feel a vague sense of dissatisfaction with the whole subject. And the sense of dissatisfaction tends to grow rather than to diminish. It is not so much that the positions, and still more the arguments, of particular thinkers seem unconvincing, though this is true. It is rather that the aim of the subject becomes increasingly obscure. "What," it is asked, "are we really going to learn by Moral (...) Philosophy?" "What are books on Moral Philosophy really trying to show, and when their aim is clear, why are they so unconvincing and artificial?" And again: "Why is it so difficult to substitute anything better?" Personally, I have been led by growing dissatisfaction of this kind to wonder whether the reason may not be that the subject, at any rate as usually understood, consists in the attempt to answer an improper question. And in this article, I shall venture to contend that the existence of the whole subject, as usually understood, rests on a mistake, and on a mistake parallel to that on which rests, as I think, the subject usually called the Theory of Knowledge. (shrink)

A promise to do some action seems to create a binding obligation to do that action. And yet, paradoxically, an obligation seems not to be a fact that we can create or bring into existence; we can create an obligation only by creating or bringing into existence something else. The only way to avoid the paradox is to show that the act of promising creates something other than an obligation, which nonetheless binds us to perform the action in question. After (...) considering and rejecting various options such as the promisee's expectation and the promisor's resolve, Prichard locates the bindingness of a promise in a prior general promise, which allows the noises we make when promising to generate an obligation to perform the promised action. (shrink)

Translation and interpretation of selected Hadith on Islamic ethics and coduct.

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In elementary derivations of the quantization of azimuthal angular momentum the eigenfunction is determined to be exp(im φ), which is “oversensitive” to the rotation φ → φ+2π, unlessm is an integer. In a recent paper Kerner examined the classical system of charge and magnetic pole, and expressed Π, a vector constant of motion for the system, in terms of a physical angle ψ, to deduce a remarkable paradox. Kerner pointed out that Π(ψ) is “oversensitive” to ψ → ψ+2π unless a (...) certain charge quantization condition is met. Our explicandum of this paradox highlights the distinction between coordinates in classical and quantum physics. It is shown why the single-valuedness requirement on Π(ψ) is devoid of physical significance. We are finally led to examine the classical analog of the quantum mechanical argument that demonstrates the quantization of magnetic charge, to show that there is “no hope” of a classical quantization condition. (shrink)