Despite his fame, there is still widespread ignorance about the breadth of Adam Smiths contributions to economics, politics and philosophy. In ADAM SMITH -- A PRIMER, Eamonn Butler provides an authoritative introduction to the life and work of this founder of economics. The author examines not only 'The Wealth of Nations', with its insights on trade and the division of labour, but also Smiths less well-known works, such as 'The Theory of Moral Sentiments', his lectures, and his writings on the history of science. Butler therefore provides a comprehensive, but concise, overview of Adam Smiths intellectual achievements. Whilst earlier writers may have studied economic matters, it is clear that the scope of Smiths enquiries was remarkable. In relating economic progress to human nature and institutional evolution he provided a completely new understanding of how human society works, and was very much a precursor of later writers such as Hayek and Popper. Indeed, with poor governance, protectionism and social engineering still commonplace, Smiths arguments are still highly relevant to policymakers today. ADAM SMITH -- A PRIMER includes a foreword by Sir Alan Peacock, an introduction by Gavin Kennedy and a commentary by Craig Smith.

Adam Smith A Primer (IEA Occasional Papers)

Biographies & Memoirs

Butler, Eamonn

Professionals & Academics

Institute Of Economic Affairs

Ludwig von Mises was one of the greatest economists and political scientists of the twentieth century. He revolutionised the understanding of money, inflation and recessions; comprehensively refuted the arguments for socialism; and, provided a devastating critique of the methodologies of mainstream economics. His contributions to the Austrian School laid the intellectual groundwork for thinkers such as F.A. Hayek, Murray Rothbard and Israel Kirzner. In this book, Eamonn Butler provides a comprehensive yet accessible overview of Mises' outstanding achievements. At a time of economic crisis, this monograph makes it clear that Mises' work is highly relevant today. Indeed, while mainstream economics has been found wanting, the latest recession appears to have been entirely consistent with his analysis. Furthermore, the poor performance of state health and education services can be explained by Mises' Austrian theories. Nevertheless, Mises remains neglected by the economics profession, policymakers and academics. This readable primer explains why his work should be at the core of economic thinking.

Ludwig Von Mises A Primer (Institute of Economic Affairs: Occasional Papers)

'Market failure' is a term widely used by politicians, journalists and university and A-level economics students and teachers. However, those who use the term often lack any sense of proportion about the ability of government to correct market failures. This arises partly from the lack of general knowledge -- and lack of coverage in economics syllabuses -- of Public Choice economics. Public Choice economics applies realistic insights about human behaviour to the process of government, and it is extremely helpful for all those who have an interest in -- or work in -- public policy to understand this discipline. If we assume that at least some of those involved in the political process -- whether elected representatives, bureaucrats, regulators, public sector workers or electors -- will act in their own self-interest rather than in the general public interest, it should give us much less confidence that government can 'correct' market failure. This complex area of economics has been summarised in a very clear primer by Eamonn Butler. The author helps the reader to understand the limits of the government's ability to correct market failure and also explains the implications of public choice economics for the design of systems of government -- a topic that is highly relevant in contemporary political debate. This text is an important contribution for all who seek to understand better the role that government should play in economic life.

Public Choice A Primer (IEA Occasional Papers)

Business & Money

Economics

This important book outlines the core principles that define a free society. It provides an accessible introduction to the institutions and policies necessary to preserve and enhance individual freedom. The author also sets out the wider benefits of free societies. A combination of small government, the rule of law, strong private property rights and free trade enables entrepreneurship to thrive, delivering large improvements in living standards and lifting people out of poverty. Furthermore, a society based on ordered liberty allows free associations and networks of cooperation to develop that deliver wider social as well as economic benefits. Attempts to expand the role of government to promote equality or security at the expense of liberty have tended to end in failure and oppression. With its clear language, concise arguments and persuasive real-world examples, this primer is essential reading for those attempting to bring freedom to countries where the foundations of a free society are absent, and for those defending liberty in places where traditional freedoms are under threat.

Foundations of a Free Society (Institute of Economic Affairs: Occasional Papers)

Classical liberalism is one of the most important political and social philosophies. Indeed, this set of ideas was crucial in bringing the modern world into existence. It fostered a political climate in which economies were free to develop and government limited in scope, essential conditions for the unprecedented increases in living standards seen over the last two centuries. Yet despite its huge contribution, today classical liberalism is poorly understood and often misrepresented, its insights neglected in an era of pervasive state intervention. Eamonn Butler's primer is therefore extremely welcome. It is an extremely clear and well set out introduction to this way of thinking. As such, it is highly suitable for students of the social sciences and makes a valuable contribution to greater understanding of a perspective that is enjoying a long overdue revival.

Classical Liberalism - A Primer (Readings in Political Economy, 2)

Recent surveys reveal a large portion of the British population to have a dim view of capitalism. And many on the political left, including the current leadership of the Labour Party, are committed to overthrowing it. That would be a disaster because, as Eamonn Butler argues in this introduction to capitalism, it is the foundation of our prosperity and of our liberal, cooperative and dynamic society.
Many criticisms of capitalism are based on common misunderstandings of it, some of them even shared by supporters of capitalism. Written in plain English and assuming no prior knowledge of economics, this book helps readers overcome these confusions. It explains the nature of capital – its creation, preservation and destruction – and the roles played by markets and property rights in making capitalism work.

Capitalism: An Introduction

Who is AYN RAND? 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 major influence on many of the world's leading legislators, policy advisers, economists, entrepreneurs and investors. Why does Rand's work remain so influential? Ayn Rand: An Introduction illuminates Rand's importance, detailing her understanding of reality and human nature, and explores the ongoing fascination with and debates about her conclusions on knowledge, morality, politics, economics, government, public issues, aesthetics and literature. The book also places these in the context of her life and times, showing how revolutionary they were, and how they have influenced and continue to impact public policy debates.

Ayn Rand: An Introduction

School of Thought – 101 Great Liberal Thinkers profiles the lives and ideas of some of the leading thinkers on individual liberty – from ancient times to the present day. Award-winning author Eamonn Butler outlines key elements of liberal thought and takes a chronological look at those who shaped it across the centuries. He identifies their common goals – but also highlights their differing views on, for example, the extent of government involvement in our daily lives. For anyone interested in politics, government, social institutions, capitalism, rights, liberty and morality, School of Thought – 101 Great Liberal Thinkers provides a clear and concise introduction to a set of radical ideas – and the thinkers behind them.

School of Thought: 101 Great Liberal Thinkers

Entrepreneurs play a pivotal role in boosting progress, productivity and prosperity. They drive economic growth and create new opportunities. Their innovations transform people's lives. Yet their enormous contribution is not widely understood - and is often completely overlooked in economics textbooks. Here, author Eamonn Butler sets the record straight - explaining the vital role of entrepreneurship, exploring its economic and social significance, and examining the conditions needed for it to thrive. Along the way, he considers the kind of "unusual" people who become entrepreneurs. Who knew, for example, that Facebook's Mark Zuckerberg, Microsoft founder Bill Gates, Apple co-founder Steve Jobs and Uber founder Travis Kalanick all dropped out of university? Or that Virgin Group founder Sir Richard Branson and IKEA founder Ingvar Kampgrad never went to university at all? An introduction to Entrepreneurship spotlights the strengths of entrepreneurship, whilst acknowledging its shortcomings. It discusses (often-misguided) attempts by governments to foster it. And it eloquently states the case for rehabilitating entrepreneurship into mainstream economics and politics. Above all, it provides an appreciation of - and a basic introduction to - what entrepreneurship is, why we need it, and how we can encourage it.

An Introduction to Entrepreneurship

Management & Leadership

What is democracy? How does it work? What are its strengths - and its shortcomings? Two-thirds of the world's population, in over 100 countries, live under governments that claim to be democratic. Yet few of those governments live up to the ideals of democracy, or respect its key principles and institutions. Here, author Eamonn Butler defines democracy, explains its purposes, and shows the difference between genuine democracy and the many sham versions that currently exist. He outlines the history of democracy and the benefits it brings. But he also points out the many myths about it that blind us to its limitations. And he explains why it's important to have a clear understanding of democracy - and how easily it can be lost or abused when people do not properly understand it. Importantly, he asks why so many people today have become disillusioned with democratic politics - and what, if anything, can be done about it. This lucid and fascinating book provides a straightforward introduction to democracy, enabling anyone to understand it - even if they've never experienced it.

An Introduction to Democracy

Politics & Social Sciences

Politics & Government

London Publishing Partnership

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Books by Butler, Eamonn