Description

Walter Eltis's work has played a major role in the rediscovery of the policy relevance of classical economics. His articles on Smith, Quesnay, Ricardo and Malthus, where he derives their underlying economic argument from a detailed examination of their principal publications, led to the Bacon and Eltis theory which challenged Keynesian orthodoxy. It showed how growing public expenditure and increasing public debt reduce economic growth and destabilize modern economies. This volume includes a carefully chosen selection of his key articles and papers, as well as an extensive introductory essay which provides an account of the evolution of his ideas and their impact on economic policy.

CLASSICAL ECONOMICS, PUBLIC EXPENDITURE AND GROWTH

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Hardback by Walter Eltis

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Walter Eltis's work has played a major role in the rediscovery of the policy relevance of classical economics. His articles... Read more

    Publisher: Edward Elgar Publishing Ltd
    Publication Date: 01/01/1993
    ISBN13: 9781852787417, 978-1852787417
    ISBN10: 1852787414

    Number of Pages: 484

    Non Fiction , Business, Finance & Law

    Description

    Walter Eltis's work has played a major role in the rediscovery of the policy relevance of classical economics. His articles on Smith, Quesnay, Ricardo and Malthus, where he derives their underlying economic argument from a detailed examination of their principal publications, led to the Bacon and Eltis theory which challenged Keynesian orthodoxy. It showed how growing public expenditure and increasing public debt reduce economic growth and destabilize modern economies. This volume includes a carefully chosen selection of his key articles and papers, as well as an extensive introductory essay which provides an account of the evolution of his ideas and their impact on economic policy.

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