Milton Friedman

Total Page:16

File Type:pdf, Size:1020Kb

Milton Friedman • • • • Sample • • • • www.harriman-house.com/miltonfriedman MILTON FRIEDMAN • • • • Sample • • • • * $ 3 4 + 2 % % 9 % $ = £ * £ 1 * € + %+ + % = $ * 3 =3 £ *= £ 4 £ % ££* € + % 4 + + 1 5 % 7 8 £ £ = % * 2 $ 1 % = $ 5 * $ 5 % £ ii MILTON FRIEDMAN A concise guide to the ideas and influence of the free-market economist EAMONN BUTLER * $ 3 4 + 2 % % Hh 9 % $ = £ * £ 1 * € + %+ + % = $ * 3 =3 £ *= £ 4 £ % ££* € + % 4 + + 1 5 % 7 8 £ £ = % * 2 $ 1 % = $ 5 * $ 5 % £ HARRIMAN HOUSE LTD 3A Penns Road Petersfield Hampshire GU32 2EW GREAT BRITAIN Tel: +44 (0)1730 233870 Fax: +44 (0)1730 233880 Email: [email protected] Website: www.harriman-house.com First published in Great Britain in 2011 Copyright © Harriman House Ltd The right of Eamonn Butler to be identified as the Author has been asserted in accordance with the Copyright, Design and Patents Act 1988. ISBN: 978-0857-1-90369 British Library Cataloguing in Publication Data A CIP catalogue record for this book can be obtained from the British Library. All rights reserved; no part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without the prior written permission of the Publisher. This book may not be lent, resold, hired out or otherwise disposed of by way of trade in any form of binding or cover other than that in which it is published, without the prior written consent of the Publisher. No responsibility for loss occasioned to any person or corporate body acting or refraining to act as a result of reading material in this book can be accepted by the Publisher, by the Author, or by the employer(s) of the Author. Published in association with the Institute of Economic Affairs. The mission of the Institute of Economic Affairs is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems. Set in Minion, Gotham Narrow and Frutiger. Printed and bound in the UK by CPI Antony Rowe. Hh Harriman House cONTENTs About the author vii Introduction 1 A timeline of Milton Friedman's life and work 7 1. The economist who changed everything 11 Worldwide influence 13 The making of an economist 17 The public intellectual 25 2. How to end financial crises 33 The false trust in governments 34 A better explanation 41 Lessons for today 47 3. Curing inflation and unemployment 49 The disease of inflation 51 Other explanations of inflation 58 Inflation versus unemployment? 59 How to control inflation 61 How not to control inflation 65 4. A bonfire of controls 69 Free people and free trade 71 Setting currencies free 77 The poverty of regulation 82 5. The failure of government 89 The role of government 91 Why governments fail 94 The fraud of government 98 A different approach 105 v MILTON FRIEDMAN | EAMONN BUTLER $ 6. The merits of markets 109 Friedman on markets 111 Diversity, not discrimination 118 Markets help ordinary people 122 7. Freedom and equality 127 The quest for equality 130 Why freedom works 134 The importance of personal freedom 137 Friedman's view of humankind 139 Further reading 143 Index 147 vi $ £ $ % € ABOUT ThE AUThOR = Eamonn Butler is director of the Adam Smith Institute, rated one of the world’s leading policy think tanks. He has degrees in economics, philosophy and psychology, gaining a PhD from the University of St Andrews in 1978. During the 1970s he worked on pensions and welfare issues for the US House of Representatives, and taught philosophy in Hillsdale College, Michigan, before returning to the UK to help found the Adam Smith Institute. Eamonn is author of books on the pioneering economists F. A. Hayek, Ludwig von Mises and Adam Smith. He is also co-author of Forty Centuries of Wage and Price Controls , and of a series of books on intelligence testing. Eamonn contributes to the leading UK print and broadcast media on current issues, and his recent popular books The Best Book on the Market , The Rotten State of Britain and The Alternative Manifesto have attracted considerable attention. vii 1 $ + 1 $ 5 $ $ % £ 4 INTRODUcTION 9 $ “Milton Friedman was a very great man indeed – a man of intellectual courage who was one of the most important economic thinkers of all time, and possibly the most brilliant communicator of economic ideas to the general public that ever lived.” – Nobel economist Paul Krugman, New York Review of Books What this book is about his book guides the reader through the startlingly original ideas of Milton Friedman (1912–2006) – a Nobel laureate Tin economics, but best known to many for his TV series and book Free to Choose (1980), a searing critique of big government and robust defence of individual freedom. Friedman’s thinking had a powerful influence on world leaders such as Margaret Thatcher in Britain and Ronald Reagan in America. In the 1970s, it underpinned the replacement of fixed exchange rates by open currency markets and free trade. In the 1980s, it contributed to the demise of Soviet communism in the East and to privatisation in the West. In the 1990s, it provided the blueprint for reform as countries in Eastern Europe and Latin 1 MILTON FRIEDMAN | EAMONN BUTLER America emerged from years of totalitarianism. By the 2000s, it had helped cut world inflation to a tenth of what it had been a decade before. Friedman was the best-known economist of his generation. He undid the grip that Keynesianism – based on the thinking of John Maynard Keynes, with its faith in large-scale government spending and intervention – held over postwar politicians and economists. The radical alternative he created – Monetarism – called instead for sound money, balanced budgets and deregulation. And he showed how the Great Depression of the 1930s was caused, not by some failure of capitalism, but by a profound failure of government – drawing lessons that are just as relevant to how we should handle financial crises today. But Friedman was much more than an economist. At a time when the world was bitterly divided between capitalism and communism, he threw himself into every major debate on how society should be organised. He became the world’s leading advocate of personal and economic freedom; and his arguments helped change the politics of a generation. What this book covers This book does not go into the academic detail of Friedman’s economic ideas – though it does explain many of them in a straightforward and accessible way. It focuses more on his innovative public policy thinking – and how his prescriptions led to real and powerful policy changes that still determine, in part, how millions of people across the world live and work today. Accordingly, the book covers Friedman’s thinking on such varied subjects as how best to organise education, healthcare, mail delivery, defence and other public services; how governments create monopolies, and how to end them; radical tax simplification; how free markets coordinate the work of people across the world; why we should deregulate commerce and trade; why government grows, and why so much that it does is counterproductive; why 2 INTRODUCTION drugs policy has failed, and what we should do instead; why freedom cannot be traded for equality; the rights of minorities; and indeed the whole relationship between government and the citizen. The book seeks to outline and explain Friedman’s thoughts and prescriptions on all these subjects. It puts them in the context of the time, showing just how revolutionary they appeared to his colleagues and contemporaries. And it places them in the context of the policy debate today, showing how many of them, once shocking, have become commonplace parts of our lives. Who this book is for This book is consciously written for the intelligent layperson who is interested in the debate on how our social and economic lives should be organised. It is perfect for anyone who wants to understand, or learn more about, the free-market, liberal (in the European, not the American, sense) side of the argument. After all, Milton Friedman, the book’s subject, himself laid out most of that case at one point or another in his various books and articles. This book organises all that material into a short, structured guide. The book aims to explain Friedman’s ideas straightforwardly, without distortion and in plain language. Hence there are no academic-style footnotes or bibliography – just an essential reading list of Friedman’s most significant books and articles. It should also interest school and university students of economics, politics and social philosophy, giving them a concise insight into a set of radical ideas and opinions that are frequently dismissed or ignored in orthodox economics and social science teaching. There is plenty in here to challenge those teachers! There is also a political interest to the book, in that Friedman was one of the greatest intellectual inspirations behind the rise of the New Right in the 1980s and 1990s. His ideas had huge influence on policy makers such as Reagan, Thatcher, the US Federal Reserve Chairman Alan Greenspan, the Estonian Prime Minister Mart 3 MILTON FRIEDMAN | EAMONN BUTLER Laar, the Czech Prime Minister and President Václav Klaus, and many others. This book explains how Friedman’s ideas came to shape the views of such leaders all round the world, from America to China. Friedman and the author… I knew Milton Friedman. As a student I found his Capitalism and Freedom (1962) breathtaking in its originality – an exhilarating libertarian alternative to the prevailing mood. So I was thrilled to meet him at the 1974 conference of the Mont Pelerin Society – the international association of free-market, liberal thinkers which he co-founded – and again a year later at the next conference in my own university of St Andrews, and at many other events over the next 30 years.
Recommended publications
  • Ludwig Von Mises—A Primer
    Ludwig von Mises—a Primer Eamonn Butler CIS Occasional Paper 120 2010 First published in Great Britain in 2010 by The Institute of Economic Affairs 2 Lord North Street Westminster London SW1P 3LB in association with Profi le Books Ltd Copyright © The Institute of Economic Affairs 2010 Published in December 2010 by The Centre for Independent Studies Limited PO Box 92, St Leonards, NSW, 1590 Email: [email protected] Website: www.cis.org.au The views expressed in this publication are, as in all IEA publications, those of the author and not those of the institute (which has no corporate view), its managing trustees, Academic Advisory Council members or senior staff. National Library of Australia Cataloguing-in-Publication Data: Butler, Eamonn. Ludwig von Mises : a primer / Eamonn Butler ; foreword by Steven Baker. 9781864321296 (pbk.) CIS occasional papers ; 120. Von Mises, Ludwig, 1881-1973. Economists--Austria--Biography. Austrian school of economics. Centre for Independent Studies (Australia) 330.157092 ©2010 The Institute of Economic Affairs Cover design by Ryan Acosta Cover image by Briggs from Ludwig von Mises Institute website http://mises.org Printed by Ligare Book Printer Typeset in Adobe Garamond and Frugal Sans Ludwig von Mises – a Primer EAMONN BUTLER The Institute of Economic Affairs CONTENTS The author 9 Foreword by Steven Baker 10 Summary 13 1 Why Mises is important 17 Intellectual contributions 18 2 Life, career and writings 25 Career in Europe and America 25 Writings on economics, political science and method 28 The legacy of
    [Show full text]
  • MONT PELERIN SOCIETY by Eamonn Butler Based on a History of the Mont Pelerin Society by Max Hartwell
    A SHORT HISTORY OF THE MONT PELERIN SOCIETY By Eamonn Butler Based on A History of the Mont Pelerin Society by Max Hartwell INTRODUCTION In 1995 the Liberty Fund published A History of the Mont Pelerin Society, written by the Oxford historian (and past President of the Society), Professor Max Hartwell. The book is comprehensive, but is now difficult to obtain; and much has happened since 1995. So the Board of the Society asked me to précis the History and bring it up to date, giving members and prospective members a short guide to the history and ethos of the Society and to some of the key individuals and events that have shaped it. The Society and I are very grateful to the family of our friend Max Hartwell for their permission to borrow very heavily from his work. WHAT IS THE MONT PELERIN SOCIETY? Hartwell opens his History by saying that the Mont Pelerin Society is “not well known” and has “no demonstrably proven role in world affairs.” Many of its individual members, by contrast have indeed been well known and influential. Some have become senior government ministers (such as Sir Geoffrey Howe of the United Kingdom, Antonio Martino of Italy, Ruth Richardson of New Zealand, and George Shultz of the United States) or senior officials (e.g. former Federal Reserve Chairman Arthur Burns). A few have even become presidents or prime ministers (among them Ludwig Erhard of Germany, Luigi Einaudi of Italy, Mart Laar of Estonia, Ranil Wickremasinghe of Sri Lanka and Václav Klaus of the Czech Republic).
    [Show full text]
  • Foundations of a Free Society Foundations of a Free Society
    Foundations of a Free Society Foundations of a Free Society EAMONN BUTLER The Institute of Economic Affairs First published in Great Britain in 2013 by CONTENTS The Institute of Economic Affairs 2 Lord North Street Westminster London sw1p 3lb in association with Profile Books Ltd The author 8 The mission of the Institute of Economic Affairs is to improve public understanding of the fundamental institutions of a free society, with particular Foreword by Ali Salman 9 reference to the role of markets in solving economic and social problems. Acknowledgements 12 Summary 13 Copyright © The Institute of Economic Affairs 2013 The moral right of the author has been asserted. 1 Introduction 17 The purpose of this book 17 All rights reserved. Without limiting the rights under copyright reserved above, How the book is set out 18 no part of this publication may be reproduced, stored or introduced into a retrieval system, or transmitted, in any form or by any means (electronic, mechanical, photocopying, recording or otherwise), without the prior written 2 The moral and economic benefits of freedom 20 permission of both the copyright owner and the publisher of this book. A free society 20 The moral case for freedom 24 A CIP catalogue record for this book is available from the British Library. The economic case for freedom 31 ISBN 978 0 255 36687 8 eISBN 978 0 255 36691 5 3 The institutions of a free society 44 Many IEA publications are translated into languages other than English or Society without the state 44 are reprinted. Permission to translate or to reprint should be sought from the Why government must be limited 47 Director General at the address above.
    [Show full text]
  • Issue 3, September 2015
    Econ Journal Watch Scholarly Comments on Academic Economics Volume 12, Issue 3, September 2015 COMMENTS Education Premiums in Cambodia: Dummy Variables Revisited and Recent Data John Humphreys 339–345 CHARACTER ISSUES Why Weren’t Left Economists More Opposed and More Vocal on the Export- Import Bank? Veronique de Rugy, Ryan Daza, and Daniel B. Klein 346–359 Ideology Über Alles? Economics Bloggers on Uber, Lyft, and Other Transportation Network Companies Jeremy Horpedahl 360–374 SYMPOSIUM CLASSICAL LIBERALISM IN ECON, BY COUNTRY (PART II) Venezuela: Without Liberals, There Is No Liberalism Hugo J. Faria and Leonor Filardo 375–399 Classical Liberalism and Modern Political Economy in Denmark Peter Kurrild-Klitgaard 400–431 Liberalism in India G. P. Manish, Shruti Rajagopalan, Daniel Sutter, and Lawrence H. White 432–459 Classical Liberalism in Guatemala Andrés Marroquín and Fritz Thomas 460–478 WATCHPAD Of Its Own Accord: Adam Smith on the Export-Import Bank Daniel B. Klein 479–487 Discuss this article at Journaltalk: http://journaltalk.net/articles/5891 ECON JOURNAL WATCH 12(3) September 2015: 339–345 Education Premiums in Cambodia: Dummy Variables Revisited and Recent Data John Humphreys1 LINK TO ABSTRACT In their 2010 Asian Economic Journal paper, Ashish Lall and Chris Sakellariou made a valuable contribution to the understanding of education in Cambodia. Their paper represents the most robust analysis of the Cambodian education premium yet published, reporting premiums for men and women from three different time periods (1997, 2004, 2007), including a series of control variables in their regressions, and using both OLS and IV methodology.2 Following a convention of education economics, Lall and Sakellariou (2010) use a variation of the standard Mincer model (see Heckman et al.
    [Show full text]
  • Hayek His Contribution To
    First published in Great Britain in 1983 by Maurice Temple Smith Ltd Jubilee House, Chapel Road Hounslow, Middlesex, TW3 ITX © 1983 Eamonn Butler This edition is copyright under the Berne Convention. All rights are reserved. Apart from any fair dealing for the purpose of private study, research, criticism or review, as permitted under the Copyright Act 1956, no part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means whatsoever, without the prior permission of the copyright owner. Butler, Eamonn Hayek. 1. Hayek, F.A. 2. Economics—History I. Title 330.1 HB103.H3 ISBN 0–85117–233–4 (hardback); 0–85117–234–2 (paperback) Printed in Great Britain by Billing and Sons Ltd, Worcester Contents Preface 3 3 Introduction: Hayek's life and work 4 Chapter 1: Understanding how society works 13 Chapter 2: The market process 31 Chapter 3: Hayek's critique of socialism 49 Chapter 4: The criticism of social justice 64 Chapter 5: The institutions of a liberal order 78 Chapter 6: The constitution of a liberal state 89 Epilogue: Sense and sorcery in the social sciences 97 Notes 111 Select bibliography 127 Index 129 2 Preface At a recent meeting of the Carl Menger Society (a group devoted to the understanding of the ‘Austrian School’ of economics), the words of F.A. Hayek were being discussed. As usual, the Alternative Bookshop had brought along a wide selection of the works of Hayek and other members of the school. But as the many people present who had no background in economics or political science looked over the books, some were intimidated by the technical content of several of them, and the remainder had to ask where the general reader should start.
    [Show full text]
  • Denmark,Liberalism
    Discuss this article at Journaltalk: http://journaltalk.net/articles/5895 ECON JOURNAL WATCH 12(3) September 2015: 400–431 Classical Liberalism and Modern Political Economy in Denmark Peter Kurrild-Klitgaard1 LINK TO ABSTRACT Over the last century, classical liberalism has not had a strong presence in Danish social science, including economics. Several studies have shown that social scientists in Denmark tilt leftwards. In a 1995–96 survey only 7 percent of political scientists and 3 percent of sociologists said they had voted for (classical-)liberal or conservative parties, whereas support for socialist parties among the same groups were 51 percent and 78 percent. Lawyers and economists were more evenly split between left and right, but even there the left dominated: 31 percent and 25 percent for at least nominally free-market friendly parties and 38 percent and 36 percent for socialist parties.2 Very vocal free-market voices in academia have been rare. This marginalization of liberalism was not always the case. Denmark was among the first countries to see publication of a translation of Adam Smith’s Wealth of Nations (Smith 1779/1776; see Rae 1895, ch. 24; Kurrild-Klitgaard 1998; 2004). Throughout the 19th century the emerging field of economics at the University of Copenhagen was visibly inspired not only by Smith and David Ricardo but also the “Manchester liberals” and French classical liberal economists Jean Baptiste Say and Frédéric Bastiat, of whose works timely translations were made. The university had professors of economics who today would be termed classical liberals, e.g., Oluf Christian Olufsen (1764–1827), Christian G.
    [Show full text]
  • Entrepreneurship Eamonn Butler
    An introduction to ENTREPRENEURSHIP EAMONN BUTLER An Introduction to Entrepreneurship AN INTRODUCTION TO ENTREPRENEURSHIP EAMONN BUTLER First published in Great Britain in 2020 by The Institute of Economic Affairs 2 Lord North Street Westminster London SW1P 3LB in association with London Publishing Partnership Ltd www.londonpublishingpartnership.co.uk The mission of the Institute of Economic Affairs is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems. Copyright © The Institute of Economic Affairs 2020 The moral rights of the authors have been asserted. All rights reserved. Without limiting the rights under copyright reserved above, no part of this publication may be reproduced, stored or introduced into a retrieval system, or transmitted, in any form or by any means (elec- tronic, mechanical, photocopying, recording or otherwise), without the prior written permission of both the copyright owner and the publisher of this book. A CIP catalogue record for this book is available from the British Library. ISBN 978-0-255-36795-0 (interactive PDF) Many IEA publications are translated into languages other than English or are reprinted. Permission to translate or to reprint should be sought from the Director General at the address above. Typeset in Kepler by T&T Productions Ltd www.tandtproductions.com CONTENTS About the author viii About the AIER ix 1 Introduction 1 What this book is about 1 Who this book is for 1 Entrepreneurship
    [Show full text]
  • Ludwig Von Mises – a Primer Ludwig Von Mises – a Primer
    Ludwig von Mises – a Primer Ludwig von Mises – a Primer EAMONN BUTLER The Institute of Economic Affairs conTenTs The author 9 First published in Great Britain in 2010 by Foreword by Steven Baker 10 The Institute of Economic Affairs 2 Lord North Street Summary 13 Westminster London sw1p 3lb 1 Why Mises is important 17 in association with Profile Books Ltd Intellectual contributions 18 The mission of the Institute of Economic Affairs is to improve public understanding of the fundamental institutions of a free society, by analysing 2 Life, career and writings 25 and expounding the role of markets in solving economic and social problems. Career in Europe and America 25 Copyright © The Institute of Economic Affairs 2010 Writings on economics, political science and method 28 The moral right of the author has been asserted. The legacy of Mises today 32 All rights reserved. Without limiting the rights under copyright reserved above, no part of this publication may be reproduced, stored or introduced into a 3 The science of economics 34 retrieval system, or transmitted, in any form or by any means (electronic, mechanical, photocopying, recording or otherwise), without the prior written The importance of values 34 permission of both the copyright owner and the publisher of this book. The science of human action 36 A CIP catalogue record for this book is available from the British Library. Interpreting values from actions 37 isbn 978 0 255 36629 8 Faulty thinking in mainstream economics 39 Many IEA publications are translated into languages other than English or are reprinted. Permission to translate or to reprint should be sought from the 4 The logic of human action 42 Director General at the address above.
    [Show full text]
  • Adam Smith – a Primer Adam Smith – a Primer
    Adam Smith – a Primer Adam Smith – a Primer EAMONN BUTLER with a commentary by craig smith The Institute of Economic Affairs CONTENTS First published in Great Britain in 2007 by The author 8 The Institute of Economic Affairs Foreword by Alan Peacock 9 2 Lord North Street 12 Westminster Acknowledgements London sw1p 3lb Summary 13 in association with Profi le Books Ltd Introduction by Gavin Kennedy 15 The mission of the Institute of Economic Affairs is to improve public understanding of the fundamental institutions of a free society, by analysing 1 Why Adam Smith is important 25 and expounding the role of markets in solving economic and social problems. The old view of economics 25 Chapters 1–8 copyright © Eamonn Butler 2007 The productivity of free exchange 26 Other text copyright © The Institute of Economic Affairs 2007 Social order based on freedom 27 The moral right of the author has been asserted. The psychology of ethics 28 All rights reserved. Without limiting the rights under copyright reserved above, Self-interest and virtue 29 no part of this publication may be reproduced, stored or introduced into a 29 retrieval system, or transmitted, in any form or by any means (electronic, Human nature and human society mechanical, photocopying, recording or otherwise), without the prior written permission of both the copyright owner and the publisher of this book. 2 Smith’s life and career 31 A CIP catalogue record for this book is available from the British Library. Kirkcaldy and Glasgow 31 isbn 978 0 255 36608 3 Oxford and incentives 32 33 Many IEA publications are translated into languages other than English or Early lecturing career are reprinted.
    [Show full text]
  • Public Choice – a Primer Public Choice – a Primer
    Public Choice – A Primer Public Choice – A Primer EAMONN BUTLER The Institute of Economic Affairs First published in Great Britain in 2012 by CONTENTS The Institute of Economic Affairs 2 Lord North Street Westminster London sw1p 3lb in association with Profile Books Ltd The author 9 The mission of the Institute of Economic Affairs is to improve public understanding of the fundamental institutions of a free society, with particular Acknowledgements 10 reference to the role of markets in solving economic and social problems. Foreword 11 Summary 15 Copyright © The Institute of Economic Affairs 2012 The moral right of the author has been asserted. 1 What is Public Choice? 21 Why use economics? 21 All rights reserved. Without limiting the rights under copyright reserved above, Applying economics to politics 22 no part of this publication may be reproduced, stored or introduced into a retrieval system, or transmitted, in any form or by any means (electronic, The Public Choice challenge to orthodox thinking 24 mechanical, photocopying, recording or otherwise), without the prior written Public or private interests? 25 permission of both the copyright owner and the publisher of this book. The calculus of voting 27 Going for votes 28 A CIP catalogue record for this book is available from the British Library. The power of Public Choice 29 ISBN 978 0 255 36650 2 eISBN 978 0 255 36677 9 2 Public Choice – the biography 30 Many IEA publications are translated into languages other than English or Precursors of modern Public Choice 30 are reprinted. Permission to translate or to reprint should be sought from the Modern Public Choice thinkers 32 Director General at the address above.
    [Show full text]
  • WINNING CONSENT: the PROTRACTED CAMPAIGN for an ANTI-CORPORATIST “COMMON SENSE” by S. FULLER BA, University of Cape Town
    WINNING CONSENT: THE PROTRACTED CAMPAIGN FOR AN ANTI-CORPORATIST “COMMON SENSE” by S. FULLER B.A., University of Cape Town, 1977 Post Baccalaureate Diploma, Simon Fraser University, 1988 M.A., Simon Fraser University, 1990 A THESIS SUBMITTED IN PARTIAL FULFILMENT OF THE REQUIREMENTS FOR THE DEGREE OF DOCTOR OF PHILOSOPHY in THE FACULTY OF GRADUATE STUDIES INTERDISCIPLINARY STUDIES We accept this thesis as conforming to the required standard THE UNIVERSITY OF BRITISH COLUMBIA February 14, 1995 © S. Fuller, 1995 _________________ In presenting this thesis in partial fulfillment of the requirements for an advanced degree at the University of British Columbia, I agree that the Library shall make it freely available for reference and study. I further agree that permission for extensive copying of this thesis for scholarly purposes may be granted by the head of my department or by his or her representatives. It is understood that copying or publication of this thesis for financial gain shall not be allowed without my written permission. (Signature) Department of fV4Zti1(L4/uW4k”/ 7’vo,e The University of British Columbia Vancouver, Canada Date YCL’-I 2\ “(5 AB STRACT The metaphor used to read the world significantly influences how it is interpreted. Similarly, the assumptions which underpin a study influence the form the arguments take. This thesis embodies the assumption that in complex systems such as that of contemporary society, which do not merely reproduce themselves but entail continual change, this change is best understood in terms of how it has been actively contested. The metaphor is struggle. The project has social movements theory as its theoretical interest, in particular themes derived from the thought of Antonio Gramsci and Main Touraine.
    [Show full text]
  • Classical Liberalism a Primer
    CLASSICAL LIBERALISM A PRIMER Eamonn BUTLER Foreword by Stephen Davies Classical Liberalism – A Primer CLASSICAL LIBERALISM – A PRIMER EAMONN BUTLER First published in Great Britain in 2015 by The Institute of Economic Affairs 2 Lord North Street Westminster London SW1P 3LB in association with London Publishing Partnership Ltd www.londonpublishingpartnership.co.uk The mission of the Institute of Economic Affairs is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems. Copyright © The Institute of Economic Affairs 2015 The moral right of the author has been asserted. All rights reserved. Without limiting the rights under copyright reserved above, no part of this publication may be reproduced, stored or introduced into a retrieval system, or transmitted, in any form or by any means (elec- tronic, mechanical, photocopying, recording or otherwise), without the prior written permission of both the copyright owner and the publisher of this book. A CIP catalogue record for this book is available from the British Library. ISBN 978-0-255-36708-0 (interactive PDF) Many IEA publications are translated into languages other than English or are reprinted. Permission to translate or to reprint should be sought from the Director General at the address above. Typeset in Kepler by T&T Productions Ltd www.tandtproductions.com Printed and bound in Great Britain by Page Bros To my friend John Blundell (1952–2014) CONTENTS The author x Acknowledgements
    [Show full text]