Searching Finance, the small and humble publisher that everyone\’s talking about, is delighted to announce that Richard Murphy has signed with us to publish his new book: The Courageous State: Rethinking economics and the role of government .
I wonder if he\’s had a look through their catalogue?
40 years later, this new edition includes the full original text, long out of print, along with a new introduction and commentaries by the author, Edwin G. Dolan, covering topics ranging from climate change, to globalization, to ecosocialism. The new material examines both successes and failures of environmental policy over the past four decades, and explains why it is so hard to get policies right. The central theme of the book remains the TANSTAAFL principle: The polluter must pay. Market mechanisms, prices, and protection of property offer a surer path to a cleaner and more sustainable future than either bureaucratic controls or moral suasion unsupported by economic incentives.
The Blair years appeared to mark a watershed in Britain\’s post-war economic history.
The spectre of decline and deindustrialisation faded from view and in their place came a feeling of affluence based on easy and available credit, rising asset prices, the consumer benefits of a strong pound and a government intent on eradicating social inequalities.
When the bubble burst in 2008, the harsh truth was left for all to see – the dependence on unsustainable government spending, de-marketised regions, widening skill gaps and the long-term demographic problems caused by an ageing population. The coalition government\’s controversial emergency budget were the first steps in tackling the UK\’s fiscal problems, but with growth remaining low and unsteady…what next?
In this new book, Warwick Lightfoot uses the non-technical approach of the political economist to grapple with the economic problems of modern Britain and assesses:
Why have huge increases in government spending failed to deliver significant improvement in social welfare?
Why have thirty years of reform of government spending failed to deliver increased efficiency?
Do large parts of the UK in fact more closely resemble the economics of the former GDR and Soviet Union than the tiger economies of East Asia?
What are the steps needed to reform the UK economy?
Doesn\’t sound like his sort of publisher really, does it?