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

More documents

Recommendations

Info

'. . . Sir Arnold has [the] Marshallian sweep of theory allied to observation ... he writes, as he always taught, with a directness that can be pungent, though always laced with good humour ... his eminent qualities of theoretical analysis and factual description . . . this scholar and pragmatist, whose influence has been out ofall proportion to his published work. The Institute of Economic Affairs has done well to assemble this selection of his best thought.' Economist 'These are all essays of a kind that are sadly rare items in the anthologies of professional economists; for they are deliberately designed to be not merely comprehensible to, but enjoyable for, non-professional readers.' Economic Journal (PHYLLIS DEANE) 'These essays . . . succeed in interesting today's readers—no small achievement for studies in applied economics written over an extended range of years . .. [they] touch on . .. topics that have recently become intellectually prominent . . . [some] anticipate a good deal of more recent research . . . [others will give] today's reader a few unexpected pleasures . . .' The Times Literary Supplement (RICHARD CAVES) The Long Debate on Poverty R. M. HARTWELL, G. E. MINGAY, RHODES BOYSON, NORMAN McCORD, C. G. HANSON, A. W. COATS, W. H. CHALONER and W. O. HENDERSON, MICHAEL JEFFERSON Second Edition with an Essay on 'The State of the Debate' by NORMAN GASH 1974 IEA Readings No. 9 £2-50 'The essayists do not simply rake the embers: they dive into the great crucible of early industrialisation.' Financial Times (PROFESSOR ASA BRIGGS) "... an excellent contribution to popular education . . . with an important message for those who learnt economic history a generation ago and have learnt nothing and forgotten nothing ever since . . .' The Times Literary Supplement 'The authors are all serious and reputable scholars and their reports are solidly research-based.' Economic Journal (PHYLLIS DEANE) '. . . a valuable corrective to one ofthe most deeply-rooted historical myths —that industrialisation in England brought general exploitation, workingclass immiseration and poverty ... The authors ... have provided abundant evidence . . . putting the modern debate on poverty into proper historical perspective.' The Manchester School (PROFESSOR A. E. MUSSON) [92]
The Economics of Charity A. A. ALCHIAN and W. R. ALLEN, MICHAEL H. COOPER, ANTHONY J. CULYER, MARILYN J. IRELAND, THOMAS R. IRELAND, DAVID B. JOHNSON, JAMES KOCH, A. J. SALSBURY, GORDON TULLOCK 1974 IEA Readings No. 12 £2-00 '. . . a whole new package of provocative thinking for all of us puzzled would-be-goods to worry over. . . . Titmuss . . . argued . . . that blood was not an economic good . . . [and that] the commercialisation of blood and donorship relations represses the expression of altruism . . . '. . . now the doubters return to the attack, at a variety of levels. ... A lot of the material, particularly the first, more general, section discussing what people are really doing when they advocate, or rely on, charity . . . is very sensible and clear-headed. . . .' Sunday Times (PETER WILSHER) 'The first paper is concerned with the utility derived from charitable activities; the second with the politics of the redistribution of benefits in society; the third, fourth and fifth with the anthropology, ethics, and welfare economics, respectively, of "giving". . . . The second part deals with the application of such a framework to blood transfusion. The best paper in the whole selection is by Culyer and Cooper on the economics of giving and selling blood: an attempt to refute Titmuss's arguments.' Economic Journal (D. JACKSON) '. . . a most valuable contribution to the debate.' Social & Economic Administration (A. J. B. ROWE) Regional Policy For Ever? GRAHAM HALLETT, PETER RANDALL, E. G. WEST 1973 IEAReadingsNo.il £1-80 'Hallett opens the batting with a general review of "the political economy of regional policy" and is followed by a historical review by Randall . . . [which] is particularly useful and well-presented, and much of both essays is uncontroversial. Hallett then reviews regional policies in the EEC, and follows with his third essay on "British regional problems and policies". . . . Finally, West advocates the blessings of "pure" economics, as distinct from the more usual "operational" economics, coupled with the "economics of politics" divided into the "economics of democracy" and the "economics of bureaucracy".' Environment and Planning 'Regional policies have for so long been regarded as politically and economically essential that the need to question the assumptions on which they are based is often overlooked. Accordingly, the Institute of Economic Affairs' recent publication ... is to be welcomed for its appraisal of some of the misconceptions that have grown up around the subject.' Estates Gazette [93]
Page 1 and 2:
The Consequences of Mr Keynes J. M.
Page 3 and 4:
INSTITUTE OF ECONOMIC AFFAIRS The I
Page 5 and 6:
First published April igy8 Second I
Page 7 and 8:
B. The Pre-Keynesian British Fiscal
Page 9 and 10:
PREFACE The Hobart Papers are inten
Page 11 and 12:
Hobart Paper 78 is, in effect, an a
Page 13 and 14:
PART I Democracy and Keynesian Cons
Page 15 and 16:
economic stability was replaced in
Page 17 and 18:
hortations to politicians to promot
Page 19 and 20:
c KEYNESIAN PRESUPPOSITIONS, DEMOCR
Page 21 and 22:
supporting various-sized budgets, a
Page 23 and 24:
Budget surpluses clearly have weake
Page 25 and 26:
D. THE DESTRUCTIVE, SELF-FULFILLING
Page 27 and 28:
These readjustments will disturb a
Page 29 and 30:
es» PART II Keynes's Legacy to Gre
Page 31 and 32:
A. BRITAIN'S CHANGING FISCAL HISTOR
Page 33 and 34:
The Keynesian budgetary record In t
Page 35 and 36:
a surplus ever been encountered. In
Page 37 and 38:
Britain is almost unique amongst co
Page 39 and 40:
The cohesion and functioning of the
Page 41 and 42: institutional framework. Faced with
Page 43 and 44: National Debt escalated over ten-fo
Page 45 and 46: purse, a change of fiscal attitude
Page 47 and 48: 5 THE GOVERNMENT would no longer be
Page 49 and 50: like ninepins'. 1 He could not have
Page 51 and 52: would be the way to hell if they we
Page 53 and 54: Thus, Keynes foresaw economists in
Page 55 and 56: wages up in spite of heavy unemploy
Page 57 and 58: public debt in peacetime'. Lord Kal
Page 59 and 60: followers anticipated. Many Keynesi
Page 61 and 62: 'The role of the economist as the i
Page 63 and 64: taxes or duties, or for an increase
Page 65 and 66: growth and deficit finance. Indeed,
Page 67 and 68: TABLE III THE 'HUMP EFFECT': PESC P
Page 69 and 70: comprises spending on private goods
Page 71 and 72: ward excluded from total government
Page 73 and 74: 'could not be costed accurately eno
Page 75 and 76: there is no 'problem' of explanatio
Page 77 and 78: In the long run—when, pace Mr Key
Page 79 and 80: A. FATALISM VERSUS REFORM This Pape
Page 81 and 82: concern about the conduct of budget
Page 83 and 84: Orderly transition to full implemen
Page 85 and 86: First, there is simply no evidence
Page 87 and 88: QUESTIONS FOR DISCUSSION i. Compare
Page 89 and 90: Some IEA Papers on Aspects of the N
Page 91: Five Outstanding IEA Books The Theo
Page 95 and 96: [continued from back cover _ 5. The
Page 97: Summary of The Consequences of Mr K
show all

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

Create successful ePaper yourself

Delete template?

Save as template?