“Destutt de Tracy, as I discussed last week, was a French economist whom Thomas Jefferson did his utmost to bring to the attention of America. The first part of Tracy’s A Treatise on Political Economy (1817), the translation of which Jefferson arranged, is a primer in economics that will satisfy any aficionado of Austrian economics. It builds up a theory of exchange and commercial society beginning with a notion of value rooted in subjective utility. Its method is praxeological.” (03/12/10)