Arthur Seldon';s new book is a tenacious and elegant ';celebration'; of capitalism despite its faults. Traditionally, socialist critics have contrasted capitalism as it is in the world we have known with socialism as it is envisaged in a world they have yet to demonstrate is possible. It creates a false debate that socialism must win and capitalism cannot win whatsoever its achievements. Furthermore, it confuses the people';s choice between the ';capitalist hell'; they know and the ';socialist heaven'; they are promised. Using the methodology of the critics of capitalism in the opposite direction, the book places socialism as it is against capitalism as it could be. Arthur Seldon argues that neither system is without faults and failures, but that an informed choice is properly made by assessing the degree to which they can be corrected. The book argues that, unlike socialism, the waknesses of capitalism are not inevitable nor fundamental to the system it creates and concludes that it is with capitalism that the choice must lie. --This text refers to an out of print or unavailable edition of this title.

Edwin Cannan's name is inextricably linked with two great economic institutions: Adam Smith and the London School of Economics. Cannan played a fundamental role in England in shaping the alternative to Marshallian economics that bore fruit at the LSE during the 1930s. "The Collected Works of Edwin Cannan" brings together his major contributions to the theory of distribution, quantity theory and the definition of "Classical Economics." In addition to the ten collected works of Cannan, the volume also includes forty book reviews, chapters and articles on Cannan and an introductory chapter on Cannan's life and works by Alan Ebenstein.

In this book, first published in 1961, under the general editorship of Arthur Seldon of the Institute of Economic Affairs, ten eminent writers, economists, philosophers, and a legal authority have set down their views on the principles and policies of a free society in a rapidly changing world. Each has developed his theme from the same material - Professor F. A. Hayek's monumental work The Constitution of Liberty. This title will be of interest to students of history and economics.

In this book, first published in 1961, under the general editorship of Arthur Seldon of the Institute of Economic Affairs, ten eminent writers, economists, philosophers, and a legal authority have set down their views on the principles and policies of a free society in a rapidly changing world. Each has developed his theme from the same material - Professor F. A. Hayek's monumental work The Constitution of Liberty. This title will be of interest to students of history and economics.

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.

Governments have been taking control of activities - 'public' goods, 'public' utilities, welfare and local government services - which would have been better left to the private sector. Most of them were being privately provided before the state crowded out private initiatives. People will increasingly escape to non-state suppliers unless the government withdraws from many of these activities. Government should reduce its share of national income from 40 per cent to 20 per cent. Arthur Seldon, for many years the IEA's editorial director, argues that attempts to correct market 'imperfections' have created over-government. But the 'escapable power of political government' is up against the 'irresistible economic force of the market'. Sir Samuel Brittan contributes a comment in which he says that Seldon's paper reveals 'a deep belief in the superior ability of ordinary citizens to make their own choices and decisions better than governments or experts or committees'.

From the mid 1950s to the late 1980s, Ralph Harris and Arthur Seldon, as general director and editorial director respectively of the IEA, battled against a conventional wisdom which was hostile to markets. Eventually, by force of argument, they overcame much of the resistance to market ideas, and in the process established the Institute's formidable influence in shaping both opinion and policy. This Occasional Paper begins with a transcript of a conversation with Harris and Seldon which provides many insights into how they worked and what obstacles they encountered. Eight distinguished scholars, each familiar with the work of the Institute, then provide commentaries which assess its influence on thinking and the challenge to government which it constituted during the Harris/Seldon years.