This important book goes beyond generalizations and takes a hard-headed look at the real strengths and weaknesses of Keynesian demand management and supply side economics. Keynesianism has failed to reconcile high levels of competitiveness with full employment. This was confirmed in the 1980s by...

Frontmatter -- Preface -- Contents -- Politics and political economy -- The Ideological Background -- The Classical theory of value -- The Neo-Classical theory of value -- Economic Liberalism -- 'social Housekeeping' and Social value -- The theory of Public Finance -- The Rôle of economics in...

This groundbreaking title brings together a critical selection of key papers by the Nobel Memorial Laureates in Economics that have helped shape the development and present state of economics. The editors have organised this comprehensive series by theme and focuses on those Laureates working in...