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Fallacy of the Mixed Economy: An 'Austrian' Critique of Recent Economic Thinking and Policy (2nd Revised edition) - S. C. Littlechild
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S. C. Littlechild:
Fallacy of the Mixed Economy: An 'Austrian' Critique of Recent Economic Thinking and Policy (2nd Revised edition) - Paperback

ISBN: 0255366337

ID: 1345642546

[EAN: 9780255366335], Neubuch, [PU: Institute of Economic Affairs], Business & Economics|Econometrics, Reference|Handbooks & Manuals, Political Science |Reference, BRAND NEW, Fallacy of the Mixed Economy: An 'Austrian' Critique of Recent Economic Thinking and Policy (2nd Revised edition), S. C. Littlechild, There is a resurgence of interest in the 'Austrian School' of economics, notably the work of Menger, Mises and Hayek. In contrast to neoclassical economics, the Austrian school has always emphasised the importance of incorporating differences in knowledge, beliefs and expectations into economic analysis. This approach leads to the notion of competition as a dynamic process of discovery and co-ordination, instead of a static state of general equilibrium. Market devices such as product differentiation and advertising, long condemned as uncompetitive, are evidence that the market process of discovery and coordination is working. Neoclassical welfare economics envisages an important role for government as correcting 'market failure' and hence supports the concept of a mixed economy. Austrian economics casts doubt on the ability of government to acquire the knowledge necessary to improve upon the market. The Monopolies and Mergers Commission is an inadequate safeguard for consumers, and prohibiting mergers may limit competition. A more effective protection against monopoly would be the abolition of patent laws. Marginal cost pricing and investment rules provide a naive and unenforceable framework of control for nationalised industries. Consumers could be better safeguarded by the abolition of statutory monopolies. 'External' nuisances like noise and pollution are more effectively dealt with by making producers legally liable for them, and by creating property rights to be traded on markets, than by cost-benefit analyses or 'externality taxes'. Planning agreements are likely to hamper the competitive process. There is no reason to believe the National Enterprise Board will make better decisions than the market. Austrian economics suggests that the free market will be more effective than the 'mixed economy' in discovering and meeting the wishes of consumers.

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Fallacy of the Mixed Economy: An 'Austrian' Critique of Recent Economic Thinking and Policy (Paperback) - S. C. Littlechild
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S. C. Littlechild:
Fallacy of the Mixed Economy: An 'Austrian' Critique of Recent Economic Thinking and Policy (Paperback) - Paperback

2009, ISBN: 0255366337

ID: 5079738697

[EAN: 9780255366335], Neubuch, [PU: Institute of Economic Affairs, United Kingdom], Business & Economics|Econometrics, Reference|Handbooks & Manuals, Political Science |Reference, Brand New Book with Free Worldwide Delivery. There is a resurgence of interest in the 'Austrian School' of economics, notably the work of Menger, Mises and Hayek. In contrast to neoclassical economics, the Austrian school has always emphasised the importance of incorporating differences in knowledge, beliefs and expectations into economic analysis. This approach leads to the notion of competition as a dynamic process of discovery and co-ordination, instead of a static state of general equilibrium. Market devices such as product differentiation and advertising, long condemned as uncompetitive, are evidence that the market process of discovery and coordination is working. Neoclassical welfare economics envisages an important role for government as correcting 'market failure' and hence supports the concept of a mixed economy. Austrian economics casts doubt on the ability of government to acquire the knowledge necessary to improve upon the market. The Monopolies and Mergers Commission is an inadequate safeguard for consumers, and prohibiting mergers may limit competition. A more effective protection against monopoly would be the abolition of patent laws.Marginal cost pricing and investment rules provide a naive and unenforceable framework of control for nationalised industries. Consumers could be better safeguarded by the abolition of statutory monopolies. 'External' nuisances like noise and pollution are more effectively dealt with by making producers legally liable for them, and by creating property rights to be traded on markets, than by cost-benefit analyses or 'externality taxes'. Planning agreements are likely to hamper the competitive process. There is no reason to believe the National Enterprise Board will make better decisions than the market. Austrian economics suggests that the free market will be more effective than the 'mixed economy' in discovering and meeting the wishes of consumers.

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The Fallacy of the Mixed Economy: An 'Austrian' Critique of Recent Economic Thinking and Policy - Littlechild, Stephen C.
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Littlechild, Stephen C.:
The Fallacy of the Mixed Economy: An 'Austrian' Critique of Recent Economic Thinking and Policy - Paperback

2009, ISBN: 0255366337, Lieferbar binnen 4-6 Wochen Shipping costs:Versandkostenfrei innerhalb der BRD

ID: 9780255366335

Internationaler Buchtitel. In englischer Sprache. Verlag: Institute of Economic Affairs, [GR: 27830 - TB/Volkswirtschaft], Kartoniert/Broschiert, Klappentext: There is a resurgence of interest in the 'Austrian School' of economics, notably the work of Menger, Mises and Hayek. In contrast to neoclassical economics, the Austrian school has always emphasised the importance of incorporating differences in knowledge, beliefs and expectations into economic analysis. There is a resurgence of interest in the 'Austrian School' of economics, notably the work of Menger, Mises and Hayek. In contrast to neoclassical economics, the Austrian school has always emphasised the importance of incorporating differences in knowledge, beliefs and expectations into economic analysis.

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Fallacy of the Mixed Economy. An 'Austrian' Critique of Recent Economic Thinking and Policy - S. C. Littlechild
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S. C. Littlechild:
Fallacy of the Mixed Economy. An 'Austrian' Critique of Recent Economic Thinking and Policy - new book

2009, ISBN: 0255366337

ID: 12693153050

[EAN: 9780255366335], Neubuch, [PU: Institute of Economic Affairs, London], Language: english. There is a resurgence of interest in the 'Austrian School' of economics, notably the work of Menger, Mises and Hayek. In contrast to neoclassical economics, the Austrian school has always emphasised the importance of incorporating differences in knowledge, beliefs and expectations into economic analysis.

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The Fallacy of the Mixed Economy: Better Measures of Inflation and Inflation Expectations in Canada - Littlechild, S. C.
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Littlechild, S. C.:
The Fallacy of the Mixed Economy: Better Measures of Inflation and Inflation Expectations in Canada - Paperback

2009, ISBN: 0255366337

ID: 2249785280

[EAN: 9780255366335], Neubuch, [PU: Inst of Economic Affairs], Business & Economics|Econometrics, Reference|Handbooks & Manuals, Political Science |Reference

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Details of the book
The Fallacy of the Mixed Economy: An 'Austrian' Critique of Recent Economic Thinking and Policy

There is a resurgence of interest in the 'Austrian School' of economics, notably the work of Menger, Mises and Hayek. In contrast to neoclassical economics, the Austrian school has always emphasised the importance of incorporating differences in knowledge, beliefs and expectations into economic analysis.

Details of the book - The Fallacy of the Mixed Economy: An 'Austrian' Critique of Recent Economic Thinking and Policy


EAN (ISBN-13): 9780255366335
ISBN (ISBN-10): 0255366337
Paperback
Publishing year: 2009
Publisher: Institute of Economic Affairs
Language: eng/Englisch

Book in our database since 29.09.2010 10:36:47
Book found last time on 22.05.2014 01:23:51
ISBN/EAN: 9780255366335

ISBN - alternate spelling:
0-255-36633-7, 978-0-255-36633-5


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