"One of the most important economic thinkers of all time"– Paul KrugmanMilton Friedman changed the world. From free markets in China to the flat taxes of Eastern Europe, from the debate on drugs to interest rate policy, Friedman's skill for vivid argument and ideas led to robust and often successful challenges to a dizzying amount of received wisdom.Relying on big-picture economic analysis and an insistent faith in human freedom, he took on the economic and political...

If you could instantly make the world’s poor twice as rich – but at the same time make the world’s rich twice as prosperous – wouldn’t you do it? This intriguing question lies at the core of An Introduction to Economic Inequality. Inequality has been blamed for many things, from causing lower life expectancy, poor education and political instability, to sparking more suicide, obesity, mental illness and murders. And the claim that the world’s richest 1% own 40% of the planet’s wealth – and...

Few 20th century intellectuals have been as influential – and controversial – as the novelist and philosopher Ayn Rand. Her thinking still has a profound impact, particularly on those who come to it through her novels, Atlas Shrugged and The Fountainhead – with their core messages of individualism, self-worth, and the right to live without the impositions of others. Even though ignored or scorned by some academics, traditionalists, progressives, and public intellectuals, she remains a majo...

The Mont Pelerin Society is an august, admired, yet strangely enigmatic organisation. Perhaps that’s because it holds no official views, formulates no policies and publishes no manifestos. Or because it doesn’t publicise the results of its discussions – and doesn’t even seek agreement among its members. So why does this singularly low-profile organisation attract distinctly high-profile members – including distinguished politicians, Pulitzer Prize–winning writers and journalists and Nobel ...

Should economists be concerned with questions of morality? Can economic ideas be applied to social phenomena like divorce rates and crime? What even is economics? Ask an economist these questions and his answer will differ greatly depending on the school of economic thought to which he belongs. Yet too many textbooks ignore the fascinating debates and history that have shaped the modern discipline. In this book, award-winning author Eamonn Butler provides a clear, jargon-free guide to the ...

In this new myth busting book Director of the Adam Smith Institute Eamon Butler describes how it is by looking to the markets, rather than to the politicians, that we will return to prosperity. Butler decribes how the free market harnesses self-interest and punishes greed, how government intervention raises everybody's costs and how it is capitalism - not socialism - that has made Britain rich. In twelve eye-opening chapters, Economi of Sucess illustrates how capitalism is the hero of its ...

The free market makes the world go around. Maybe it’s time we all tried to understand it a little better. Luckily Eamonn Butler is the ideal teacher to get us all up to speed.Markets are everywhere. But how many of us understand how they work, and why? What does a ‘free market’ really mean? Do free markets actually exist? Should we have more or less of them? Most of all – do we really need to know all this? Answer: Yes we do.MAKING ECONOMICS SIMPLE SO THAT EVEN POLITICIANS ...

International trade has created a highly interdependent world. Everyday products – such as phones, trainers or cars – are designed, manufactured and assembled across several different countries, by countless different companies, both large and small, involving millions of people of all nationalities, creeds and cultures. We take much of this creativity and competition for granted. But it wouldn’t be possible without the peaceful collaboration of millions of people around the planet – a muc...

Nobel prize winner F. A. Hayek is one of the great thinkers of the twentieth century, but up to now there has been no book for the non-specialist that describes his ideas and explains their significance. Eamonn Butler’s clear, systematic, perceptive study fills this gap. Starting with a short survey of Hayek’s life, Dr. Butler goes on to analyze all the main elements in his thought under six basic headings: Understanding How Society Works; The Market Process; Hayek’s Critique of Socialism;...

The purpose of this book is to move beyond the approach which views energy as a purely geopolitical tool of the Russian state and assumes a 'one size fits all' approach to energy security in Central and Eastern Europe (CEE). It argues that in order to fully understand Russian involvement in the regional energy complex, the CEE-Russian energy relationship should be analysed in the context of the political and economic transitions that Russia and the CEE states underwent. The chapters on ind...

Drily witty, based on 9 years of research from the vantage point of the Adam Smith Institute, Britain's oldest and most prestigious think tank, "The Rotten State of Britain" describes it as it is: under Gordon Brown leadership, Britain has achieved that sinking feeling. In this biting analysis of the government's reputation for economic and social prudence, Eamonn Butler shows how over 12 years a way of thinking has settled in that has caused the rot.

F. A. Hayek’s Law, Legislation and Liberty is one of the key texts of classical liberalism. It provides a subtle argument that the social structures on which civilisation is built are not the product of state plans or activist dreams, but instead emerge from a Darwinian process of ‘cultural evolution’. Yet despite its influence on politicians from Ronald Reagan to Javier Milei, to a non-specialist Law, Legislation and Liberty, published in three volumes from 1973 to 1978, can seem a daunti...