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The nature of a free-market economy in a broad sense is also examined to see what benefits over long time-periods it gives to its citizens: ability to accumulate wealth and skills over generations; freedom; mobility across income groups and place; and financial and other voluntary mechanisms for insurance. The author argues that, when people gain a true understanding of the general benefits, most are unlikely to want them prejudiced by intervention and redistribution. Finally, the book assesses the competitive prospects of UK business, at a time when former second and third world countries that have embraced market economics are now emerging rapidly and competing aggressively against the likes of the UK.","brand":"WoB","offers":[{"title":"GB \/ VERY_GOOD \/ INTERNAL","offer_id":49577286893841,"sku":"GOR002834733","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/075281172X.gif?v=1751362087"},{"product_id":"should-britain-leave-the-eu-book-patrick-minford-9781785360343","title":"Should Britain Leave the EU?","description":"Placed in the context of the upcoming referendum, this second edition brings up to date a thorough review of all economic aspects of the UK's membership of the EU. It notes the intention of the EU to move to 'ever closer union' and the nature of the regulatory and general economic philosophy of its dominant members, whose position is enforced by qualified majority voting. The book highlights the UK s dilemma that, while extending free markets to its local region is attractive, this European philosophy and closer union are substantially at odds with the UK's traditions of free markets and freedom under the common law.This comprehensive examination of the economic costs and benefits of membership uses state-of-the-art modeling methods and includes estimates of its net costs as a percentage of GDP. The book explains how the decision to leave would follow from a judgement on the political economy of the EU as compared with that of the UK. It details the misconceptions involved in much of the debate about trade with the EU, and argues that the key issue is not access to markets but rather the prices at which trade takes place. Covered in careful detail is the economics of the UK's trade with the EU in the key sectors of agriculture, manufacturing, and services.","brand":"WoB","offers":[{"title":"GB \/ VERY_GOOD \/ INTERNAL","offer_id":49586680201489,"sku":"GOR007637559","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"GB \/ LIKE_NEW \/ INTERNAL","offer_id":50304494960913,"sku":"GOR011870908","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/1785360345.jpg?v=1751433431"},{"product_id":"supply-side-revolution-in-britain-book-patrick-minford-9781852784287","title":"THE SUPPLY SIDE REVOLUTION IN BRITAIN","description":"Patrick Minford has been a close adviser to Mrs Thatcher during the last decade.  He has made an important contribution to the ideas of Thatcherism and Britain's monetarist\/supply side programme in the 1980s.This book brings together, for the first time, essays written as a contribution to the supply side revolution in Britain.  Some focus on monetary and fiscal policy, while others deal with the principles and mechanisms for supply side reform.  Taken together, they represent an invaluable source book and reference point on the political philosophy and economic strategy of the Thatcher era.  The essays were all written for a wide audience and will be essential reading for both economists and non-economists alike.","brand":"WoB","offers":[{"title":"GB \/ VERY_GOOD \/ INTERNAL","offer_id":49596396306705,"sku":"GOR004867133","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"GB \/ GOOD \/ INTERNAL","offer_id":49615500181777,"sku":"GOR006841680","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/1852784288.jpg?v=1751123200"},{"product_id":"breaking-up-is-hard-to-do-book-patrick-minford-9780255367226","title":"Breaking Up is Hard to Do","description":"The authors of this book were asked to examine the issue of Britain leaving the EU and determine, from an economic or political economy point of view, what the appropriate role of international institutions should be in this debate. They were then asked to relate this to the reality that exists under the status quo or that might exist if Brexit occurred. In doing this, the volume can help achieve three objectives. First, it provides an analysis of the role that international institutions should play in the economic life of a free society. This is important, and rarely discussed in policy debates. In general, policy discussion tends to revolve around how to tweak the status quo - should we have more EU involvement in climate change policy or military intervention by the UN in this or that case, for example. Second, the authors implicitly lay out what a renegotiation agenda ought to look like if a country (whether Britain or not) wishes to reform the EU in a liberal direction, now or at some future time. At the time of writing this foreword, it is clear that David Cameron's agenda is not nearly radical enough, though it remains to be seen whether even that will be achieved. Indeed, it is not clear that the proposals of the UK government will even take the EU in the right direction. Any serious agenda to create a new settlement should start from first principles and take into consideration for what purposes the institution should exist. This would provide a benchmark against which success can be measured. Third, the authors provide a framework within which the practical options of remaining with a reformed EU and Brexit can be analysed. There are some authors who do not believe that international institutions are at all important in the area they discuss. Others believe that international cooperation can take place through bespoke, informal or ad hoc mechanisms, and that the EU itself need have no role. Presumably, in these cases, Brexit would be the logical way to get the best policy outcome. Another group of authors believes that a reformed or slimmed-down role for the EU would be satisfactory, or that the restraints that the EU currently puts on member states are really important in guaranteeing economic liberalism. As far as these areas are concerned, a renegotiated (or, in some cases, unreformed) EU would be the best option. One interesting issue is raised that perhaps transcends the discussions of particular policy areas. Rather than trying to renegotiate a better deal when it comes to labour market regulation or agriculture, it might be better to try to reshape the institutions of the EU. There might be wider support for that, and, in the long term, better institutions could lead to better policy. Overall, this is an important and unique contribution to the discussion about Britain's relationship with the EU. In the white noise of the referendum debate, serious long-term analysis of the precise role that international institutions should play in a free society, grounded in the context of the reality of the EU's current role, is refreshing. Its relevance will long outlive the referendum on Brexit that is likely to take place in the next 18 months.","brand":"WoB","offers":[{"title":"GB \/ LIKE_NEW \/ INTERNAL","offer_id":49598154211601,"sku":"GOR011430243","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"GB \/ VERY_GOOD \/ INTERNAL","offer_id":50308190208273,"sku":"GOR007443607","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"GB \/ NEW \/ INGRAM","offer_id":52475118518545,"sku":"NLS9780255367226","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0255367228.jpg?v=1766657770"},{"product_id":"should-britain-leave-the-eu-book-patrick-minford-9781845423797","title":"Should Britain Leave the EU?","description":"This controversial, challenging and timely book carefully reviews the economic aspects of the UK's relationship with the EU: trade in goods and services, the single market, tax and regulation, public finances, and monetary policy.The authors argue that the EU has chosen to place political integration before market liberalisation and has followed policies of protection not merely in agriculture, but also in manufacturing trade, while leaving continental countries' restrictions on trade in services largely intact. The UK, meanwhile, has developed into a service-based and relatively deregulated economy, and a net importer not merely of food but also of manufactured goods. As such, the book finds that the UK is severely damaged by the EU's current policies, as indeed is the general mass of the people within the rest of the EU.  The book goes on to consider ways in which the political advantages of collaboration within Europe can be maintained while eliminating this damage. It suggests that either:       EU policies should radically change towards the adoption of new policies of free trade, competition and deregulation (to the greater benefit of EU citizens generally), or   the UK should renegotiate the UK's terms of membership to avoid the damaging effects of existing EU policies, or   the UK should simply leave the EU, continuing with co-operation in chosen fields.   Concluding that the economic costs of UK membership of the EU greatly outweigh the benefits, this thought-provoking book will be of profound interest to policymakers, economists, and informed people generally, not to speak of the broader public vitally concerned about the referendum on the EU draft constitution.","brand":"WoB","offers":[{"title":"GB \/ VERY_GOOD \/ INTERNAL","offer_id":49612830867729,"sku":"GOR001524210","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/1845423798.jpg?v=1750866845"},{"product_id":"cost-of-europe-book-patrick-minford-9780719038105","title":"The Cost of Europe","description":"BABADADA dictionaries are visual language education: Simple learning takes center stage. In a BABADADA dictionary images and language merge into a unit that is easy to learn and remember. Each book contains over 1000 black-and-white illustrations. 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Explaining the numerous benefits of free trade after Britain's exit from the EU, and challenging the anti-Brexit argument, Patrick Minford builds on his extensive research into economic modelling to quantify the effects of Brexit and propose policies for the aftermath. Laying out an agenda for replacing social interventionist EU regulation with a robust free market framework, Minford proposes a radical tax reform programme to broaden the tax base and flatten marginal rates. This incisive book looks to the future of the UK beyond Brexit, addressing the effects of coronavirus and proposing an avenue of policies for recovery.  Featuring key empirical analysis and insightful arguments, this book will be crucial reading for economists and policymakers investigating and overseeing the future of UK economic policy. 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The updated second edition includes:      Explanation of the historical development of the subject Introduction to traditional macro-classical\/adaptive expectations Demonstration of how rational expectations are handled in macro models and in finance An explanation of the importance of structural, micro-founded models Key examples of structural models examined in detail, and with extension to the open economy Discussion of policy implications throughout Methodology for testing models against macro data behaviour, complete with the latest evidence on these models' success Coverage of key topics, including the supply-side, unemployment, growth and the open economy.  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The core argument in favour is the reduction of exchange-rate risk, but because the Euro is a regional currency that has fluctuated considerably against the dollar, exchange-rate variability might not be less under the Euro and could even increase. In any case, financial markets can diversify away such risks. Minford sees substantial costs of membership: increased variability of UK output, employment and prices in response to shocks; damaging harmonisation of tax rates, social support and regulation; and the possibility that British taxpayers will have to meet some of the costs of big projected state pension deficits in Germany, France and Italy. 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