Regulating Pensions: Too Many Rules, Too Little Competition (Hobart Papers)

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9780255363891: Regulating Pensions: Too Many Rules, Too Little Competition (Hobart Papers)

This book puts human beings back at the heart of the economic process. It shows how this classical, human-centred tradition, stretching from Adam Smith onward, gives us a much better understanding of economic events - and what to do about them - than the mechanistic, mathematical models of too many economists and planners today.' - Eamonn Butler, The Adam Smith Institute, UK 'David Simpson writes about key economic issues with admirable lucidity. He draws deeply on experience as well as on his knowledge of economic theory.' - Asa Briggs David Simpson skilfully argues that a market economy can be best understood as a human complex system, a perspective that represents a continuation of the classical tradition in economic thought. In the classical tradition, growth rather than allocative efficiency is the principal object of enquiry, economic phenomena are recognised to be elements of processes rather than structures, and change is evolutionary. The book shows the common principles that connect the early classical school, the Austrian school and complexity theory in a single line of thought. It goes on to show how these principles can be applied to explain the characteristic features of a market economy - namely incessant change, growth, the business cycle and the market process itself - and argues that static equilibrium theory, whether neoclassical or neo-Keynesian, cannot satisfactorily account for these phenomena.

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Simpson, David
Published by Institute of Economic Affairs (1996)
ISBN 10: 0255363893 ISBN 13: 9780255363891
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David Simpson
Published by Institute of Economic Affairs (1996)
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Book Description Institute of Economic Affairs, 1996. Book Condition: Good. This is an ex-library book and may have the usual library/used-book markings inside.This book has soft covers. In good all round condition. Bookseller Inventory # 4446634

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David Simpson
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Book Description Institute of Economic Affairs, 1996. Book Condition: Good. Volume 131. This is an ex-library book and may have the usual library/used-book markings inside.This book has soft covers. In good all round condition. Bookseller Inventory # 3374330

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