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

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
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