Regulating Pensions by David Simpson

Regulating Pensions by David Simpson

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.

SKU	Unavailable
ISBN 13	9780255363891
ISBN 10	0255363893
Title	Regulating Pensions
Author	David Simpson
Series	Hobart Papers
Condition	Unavailable
Binding Type	Paperback
Publisher	Institute of Economic Affairs
Year published	1996-12-19
Number of pages	84
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.