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.

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.

The subject of advertising is often treated with indifference by economists and disdain by the public. Indeed, from time-to-time, there have been calls to ban advertising. Though there has been no general ban, advertising has been prohibited in some sectors and further regulation in this field is continually being considered. Given the importance of advertising in political discussion and the lack of evidence regarding its role and effectiveness, Ralph Harris and Arthur Seldon published Advertising in a Free Society in the late 1950s. This seminal work provided a dispassionate and serious analysis of the subject. It concluded that advertising played a positive role in communicating information and building brand loyalty. Interestingly, some of the most dishonest forms of promotion came from politicians. Christopher Snowdon has skillfully abridged Harris and Seldon's work whilst adding important modern insights. Perhaps the most important of these is his critique of the claim that advertising coerces people into acting against their best interests. He also finds that the modern economic literature largely supports Harris and Seldon's view that advertising facilitates competition and lowers prices. This new study is an important work for all interested in public policy as well as for those studying marketing in business schools or as part of a professional qualification.

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.