THE CONSEQUENCES OF MR KEYNES.pdf - Institute of Economic ...

Five Outstanding IEA Books
The Theory of Collective Bargaining 1930-1975
W. H. HUTT
with Commentaries by
Lord Feather and Sir Leonard Neal
1975 2nd Impression 1977 Hobart Paperback No. 8 £2-00
'This is a closely argued theoretical book but it makes some powerful and
controversial points. Far from agreeing with the conventional view that
collective bargaining has improved the lot of the average worker, Professor
' Hutt maintains that [it] has made the general level of real wage-rates lower
than they otherwise would have been, made incomes more unequal, created
avoidable poverty and unemployment and encouraged governments to
reflate.'
Sunday Telegraph (LEITH MCGRANDLE)
'The workers themselves—or rather, those whose job it is to organise concerted
withdrawals of labour—will not take kindly to the Professor ... his
basic case is a sensible one . . . but there can be no simple solution.'
Guardian
'. . . a powerfully-argued economic case . . .'
Liverpool Daily Post (DERRICK HILL)
'. . . Its main theme seems so extravagantly biased against modern trade
unionism that it is doubtful whether it will be given the objective examination
which it ought to have. And that's a pity.'
LORD FEATHER
'The world of politics and economics . . . needs someone like W. H. Hutt
who cares to think about the unthinkable ... he has pointed our attention
not merely to the consequences of collective bargaining . . . but to the
fallacies in the basic premise on which the system rests. And he has exposed
the sophistries of the premise with irresistible logic and merciless clarity.'
SIR LEONARD NEAL
Selected Economic Essays and Addresses
SIR ARNOLD PLANT
1974 Routledge & Kegan Paul for the IEA £5-25
'. . . at last, a representative . . . collection with valuable autobiographical
comments. A great debt of gratitude is due to the Institute of Economic
Affairs for having fostered this enterprise. . . . the common characteristics
of the whole collection [are] a broad perspective underlying principle, a
scrupulous handling of significant detail, and a strong sense of history . . .
for the public at large and students in particular ... a demonstration of
how interesting applied economics can be when it is combined with true
erudition and practical experience.'
Financial Times (LORD ROBBINS)
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