Economic theory Archives

Science and Guesswork in Financial Market Forecasting. The author discusses how research in financial markets has evolved and whether the … Continue reading

Picking Losers…? The political economy of industrial policy

15 October 1983

Research

Picking Losers…? The political economy of industrial policy

John Burton

15 October 1983

Classic critique of selective government interventions

Industrial policy may be defined as government interference in the market process of economic evolution. Its main instrument is the … Continue reading

The Myth of Social Cost: A critique of welfare economics and the implications for public policy

1 December 1978

Research

The Myth of Social Cost: A critique of welfare economics and the implications for public policy

Steven N. S. Cheung

1 December 1978

With a Prologue by Charles K. Rowley and an Epilogue by John Burton

For over 50 years economists have argued that where private costs or benefits differ from social costs or benefits – … Continue reading

The Consequences of Mr Keynes

20 April 1978

Research

The Consequences of Mr Keynes

James M. Buchanan, John Burton and Richard E. Wagner

20 April 1978

An analysis of the misuse of economic theory for political profiteering

The Keynesian revolution replaced the Classical view by the notion that the economy was inherently unstable but that its fluctuations … Continue reading

Liberty and Equality

23 October 1977

Research

Liberty and Equality

Lord Robbins

23 October 1977

How egalitarian policies undermine personal and economic freedom

Unless there is personal liberty human action cannot be judged as ethical or unethical. Classical liberalism assumes a framework of … Continue reading

Inflation and Unemployment

5 September 1977

Research

Inflation and Unemployment

Milton Friedman

5 September 1977

The 1976 Alfred Nobel Memorial Lecture

Inflation is socially destructive, creates abnormally high unemployment, misuses economic resources, and endangers human freedom not because value-judgements lead man … Continue reading

Keynes versus the ‘Keynesians’

12 July 1977

Research

Keynes versus the ‘Keynesians’

T. W. Hutchison

12 July 1977

Keynes's name and repute have been used to support policies not justified by his writings

In this Hobart Paperback Professor T. W. Hutchison tests the interpretation of Keynes in the light of his writings and … Continue reading

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Economic theory.

Economic Freedom of the World: 1998/9 Interim Report

Economic Freedom of the World: 1998/9 Interim Report

Chaos, Management and Economics

Chaos, Management and Economics

Predicting the Unpredictable?

Predicting the Unpredictable?

Picking Losers…? The political economy of industrial policy

Picking Losers…? The political economy of industrial policy

The Myth of Social Cost: A critique of welfare economics and the implications for public policy

The Myth of Social Cost: A critique of welfare economics and the implications for public policy

The Consequences of Mr Keynes

The Consequences of Mr Keynes

Liberty and Equality

Liberty and Equality

Inflation and Unemployment

Inflation and Unemployment

Keynes versus the ‘Keynesians’

Keynes versus the ‘Keynesians’

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