Research

The Dilemmas of Government Expenditure


SUGGESTED

Monetary Policy

F. A. Hayek's classic paper on free banking

Labour Market

The relationship between the money supply and inflation

Essays in politcal economy by economists and parliamentarians

https://iea.org.uk/wp-content/uploads/2016/07/Dilemmas of Government Expenditure.pdf
The authors discuss the causes of and cures for excess expenditure and in so doing analyse a wide range of aspects of the subject from government machinery to the changes in policy and the philosophic value-judgements on which they must rest.

The expansion in expenditure has reflected far more than inadequate machinery of control, or fallacious philosophic thinking, or outdated political attitudes: it also reflects, perhaps even more fundamentally, the sheer imperative of using the patronage of some government to achieve, consolidate and buttress political power.

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