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Seller's Description:
Very Good. Book. 8vo-over 7¾-9¾" Tall. First Published June, 1978. Orange pictorial wraps, lt. shelf wear. Pages very good, no writing. Monograph summarizes the Austrian position on economic interventionism. Littlechild begins with a history of Austrian school, mentioning the important ideas expressed by Menger on down to Mises, and the British subjectivists, such as Jack Wiseman. Proceeds to express certain arguments brought on in support of interventionism, such as theories of monopoly and externalities. After summarizing the points offered by interventionists, Littlechild offers an Austrian rebuttal. E.g., explains how many of the neoclassical model assumptions, such as perfect knowledge and that demand plans given are faulty, etc. Excellent summation of the Austrian position on economic intervention. 86 pages.
