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Arthur Seldon was one of the most influential economists of the late 20th century. His ideas were key to the changes in economic policies under Margaret Thatcher's government and which spread to many other countries. This work presents the biography of this major architect of Thatcher's economic revolution.
These volumes span 65 years of Seldon's influential thought and elaborate on the genesis of almost all the public/private debates currently before the world. His arguments are as compelling and relevant today as they were over half a century ago. Each volume of this series has a contextual introduction and, except for Volume 3, an individual index. Volume 7 contains an index to the entire series. Volume 3 co-written with Fred G Pennance is an essential tool for anyone who wants a better understanding of political economics.
When market forces fail us, what are we to do? Who will step in to protect the public interest? The government, right? Wrong. The romantic view of bureaucrats coming to the rescue confuses the true relationship between economics and politics. Politicians often cite "market failure" as justification for meddling with the economy, but a group of leading scholars show the shortcomings of this view. In Government Failure, these scholars explain the school of study known as "public choice," which uses the tools of economics to understand and evaluate government activity. Gordon Tullock, one of the founders of public choice, explains how government "cures" often cause more harm than good. Tullock provides an engaging overview of public choice and discusses how interest groups seek favors from government at enormous costs to society. Displaying the steely realism that has marked public choice, Tullock shows the political world as it is, rather than as it should be. Gordon Brady scrutinizes American public policy, looking closely at international trade, efforts at regulating technology, and environmental policy. At every turn Brady points out the ways in which interest groups have manipulated the government to advance their own agendas. Arthur Seldon, a seminal scholar in public choice, provides a comparative perspective from Great Britain. He examines how government interventions in the British economy have led to inefficiency and warns about the political centralization promised by the European Community. Government Failure heralds a new approach to the study of politics and public policy. This book enlightens readers with the basic concepts of public choice in an unusually accessible way to show the folly of excessive faith in the state.
The Virtues of Capitalism lays the foundation of his views and theories of capitalism and its alternatives. The first part, Corrigible Capitalism; Incorrigible Socialism, was first published in 1980. It explains why, Seldon believes, "private enterprise is imperfect but redeemable," but the "state economy promises the earth, and ends in coercion to conceal its incurable failure." The second part, Capitalism, is widely considered to be Seldon's finest work. Originally published in 1990 by Basil Blackwell of Oxford, it is the winner of the 1991 Antony Fisher Award from the Atlas Economic Research Foundation. This book covers a wide range of the classical liberal thought that inspired the movement toward free-market reforms in Great Britain and intellectually opposed the collectivist tide of socialism. In an understandable and eloquent manner, Seldon offers Capitalism as a celebration rather than a defense of classical liberalism. Through his analytical commentaries, Seldon chronicles the economic and social history of the western world throughout the 20th century, noting the intoxicating yet detrimental effects of collectivism. Along the way, he builds a powerfully compelling case why government should economically confine itself to the delivery of essential public goods. Throughout the book, he proposes free-market alternatives to socialist models of government, many of which still plague the economies of the world. Arthur Seldon has been writing on classical liberal economics since the 1930s, when he was a student at the London School of Economics during Friedrich Hayek's time there. For over thirty years, from the late 1950s, he was Editorial Director of the London-based Institute of Economic Affairs, where his publishing program was one of the principal influences on governments all around the world, persuading them to liberalize their economies. His Collected Works in these seven volumes are a major contribution to classical liberal thought. Colin Robinson was a business economist for eleven years. He was then appointed to the Chair of Economics at the University of Surrey, Guildford, United Kingdom, where he founded the Department of Economics and is now Emeritus Professor. He is the author of 23 books and over 150 scholarly articles and has edited many other books. For many years he has been associated with the Institute of Economic Affairs and from 1992 to 2002 he was the IEA's Editorial Director.
The welfare state is one of Britain's crowning achievements. Or is it? In this seminal book, now studied in universities in Britain and elsewhere, James Bartholomew advances the sacrilegious argument that, however well meaning its founders, the welfare state has done more harm than good. He argues that far from being the socialist utopia the post-war generation dreamed of, the welfare state has led to avoidable deaths in the NHS, falling standards in schools, permanent mass unemployment and many other unintended consequences. At a deeper level, he contends that the welfare state has caused millions to live deprived and even depraved lives, undermining the very decency and kindness which first inspired it. This landmark book changed the way many people think about the welfare state. It played a major role in the political debate that led to recent reforms. Now with a new introduction by the author assessing the value of these reforms, this classic text still shocks with the power of its arguments and the weight of its supporting evidence.
The UK National Curriculum states that schools should reaffirm commitment to the virtues of truth, justice, honesty, trust and a sense of duty. This aim, loosely defined as 'character' education, is widely agreed to be critical to healthy development and a fair, just and democratic society. But what exactly is 'character' and how best to educate for it? This vitally important book, written by five internationally prominent figures and government advisers, aims to answer that question. Accessibly written and brimming with inspirational ideas, it looks at questions of research, education, government policy and societal engagement with character, including in the light of COVID-19 and the huge debt owed to the public services frontline. This book is a fascinating and vital read for parents, teachers and anyone concerned with social justice, developing the energy and passion of young people and working towards a better, stronger, fairer society. This could very well be the most important book you read all year!
"Principal writings of Arthur Seldon: p. 151-152.
Includes six works in which Arthur Seldon discusses the way ideas influence policy. He explains how he worked to bring about a revival of classical liberal ideas, in particular through the London-based Institute of Economic Affairs, which had remarkable success and on which many other think tanks around the world have been modelled.
"Everyman's Dictionary of Economics provides over nineteen hundred concise desk encyclopedia-style articles on economic terms and concepts, as well as on significant people working in the field, in plain, nontechnical English. The articles challenge readers' acceptance of the conventional wisdom on such subjects as government intervention in economic matters."--BOOK JACKET.