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.
General
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