Studies in Positive and Normative Economics - Economists of the Twentieth Century

Martin J. Bailey's significant contributions to the development of economic thought are represented in this important new collection of key articles published between 1954 and 1991. In particular, it emphasises his influence upon current theories of social choice, inflation and fiscal policy.

This book brings together in one volume some of the many contributions he has made to specialist journals, thus demonstrating the breadth of his thinking and his place amongst the leading economists of the twentieth century. Despite its breadth, Professor Bailey's work has made a significant impact within public economics and Studies in Positive and Normative Economics will provoke a coherent and informed assessment of his thinking. Professor Bailey has written a fresh introduction to the book which reviews his contribution in relation to subsequent developments.