This book is an authoritative and comprehensive guide to the essential relationship between markets and morals. Smith, Burke and Marx, Durkheim, Polyani and Hayek - all sought to situate market exchange and property-based acquisitiveness in the broader context of human interaction and social values. This framework of interdependence and ethics embeds the capitalist market economy in an ongoing whole of which the calculative present-day is but a part. The book argues that the stability of conservatism anchors the dynamism of entrepreneurship in a matrix of patterns and habits without which orderly free enterprise would be at risk of degenerating into the Hobbesian war of each against all.
Richard Titmuss, Professor at the London School of Economics, adviser to governments, prolific author, was instrumental in shaping the new disciplines of Social Policy and Administration. He made a valuable contribution to social philosophy through his attempt to integrate welfare into its broad social context. In this revised edition of his well-known book, Professor Reisman relies on the whole of Titmuss's work, unpublished as well as published, to explain and evaluate the theories of this provocative but often difficult author.
Anthony Crosland, a member of Harold Wilson's cabinet and the author of The Future of Socialism, was an influential British social democrat. His ambitious reappraisal of nationalised ownership and regulated enterprise continues to stimulate discussion in the debate about management versus market. Anthony Crosland: The Mixed Economy examines Crosland's controversial approach to capital and control, situating his attempt to redefine the economic basis of socialism in the context of his own experiences and the intellectual tradition of the philosophical middle ground.
Individuals make decisions but they do not do so in a social vacuum. The goods they buy are frequently status-symbols in a zero-sum game which some will win and some must lose. Their consumption of commodities is subject to the constraint that what one can do, all cannot. The pressure of coalitions and interest groups, the self- interest of politicians and bureaucrats may all work against a solution being found for some of the most urgent social and economic problems of our times. These problems form the centrepiece of the economic approach to social interaction that has been pioneered by Anthony Downs, Mancur Olson and Fred Hirsch. This book seeks to examine and evaluate their important theories of collective action.
Anthony Crosland, a member of Harold Wilson's cabinet and the author of The Future of Socialism, was immensely influential in seeking to modernise the ideology of the Labour Party, to put opportunity and empowerment, the fairness of life chances and the sharing of social experiences at its centre in place of nationalisation. The party's belated redefinition guarantees a prominent role in its intellectual history to the revisionists' champion. Though Crosland wrote when economic growth could be taken for granted as the basis for social reform, his emphasis on fairness and community, on education and opportunity, continues to illuminate political debate in harder times.
Some goods and services are normally left to the market mechanism. Health care is often described as an exception to the rule. Society wants care to be allocated equitably; it wants the financial burden to be kept within bounds; it wants treatments to be both medically effective and economically efficient. These shared concerns lead to a demand for State intervention which this book seeks impartially to appraise and evaluate.