Were 364 Economists All Wrong?
Self-funding infrastructure and the free market case for a Land Tax
An essay inspired by 'I, Pencil' by Leonard Reed
A discussion of the impact and legacy of the seminal 1981 Budget.
Amongst the 364 were many economists who play a very prominent part in public life today. Some dissent from their former views and others continue to justify them. In this publication some of the signatories of the letter to The Times , together with their opponents discuss the key issues raised and its relevance to economic policy today. Included is a list of the original signatories and other relevant historical material.
For examples of other recent IEA publications on monetary policy, see Money and Asset Prices in Boom and Bust by Tim Congdon and Issues in Monetary Policy: the relationship between money and financial markets edited by Kent Matthews and Philip Booth, with chapters by Mervyn King, Milton Friedman and number of members of the SMPC.
2006, Readings 60, ISBN 0 255 36588 6, 135pp, PB