littlechild - the fallacy of the mixed economy (1986)

The Fallacy of the Mixed Economy An ‘Austrian’ Critique of Recent Economic Thinking and Policy SECOND EDITION S . C . L I T T L E C H I L D The Institute of Economic Affairs IEA Fallacy of Mixed Economy.indd 1 05/02/2009 18:39 First published in Great Britain in 1978 by The Institute of Economic Affairs 2 Lord North Street Westminster London sw1p 3lb Second edition (with postscript) published in 1986 This reissued edition published in 2009 by The Institute of Economic Affairs in association with Profile Books Ltd The mission of the Institute of Economic Affairs is to improve public understanding of the fundamental institutions of a free society, by analysing and expounding the role of markets in solving economic and social problems. Copyright © The Institute of Economic Affairs 1978 & 1986 The moral right of the author has been asserted. All rights reserved. Without limiting the rights under copyright reserved above, no part of this publication may be reproduced, stored or introduced into a retrieval system, or transmitted, in any form or by any means (electronic, mechanical, photocopying, recording or otherwise), without the prior written permission of both the copyright owner and the publisher of this book. A CIP catalogue record for this book is available from the British Library. ISBN 978 0 255 36633 5 Many IEA publications are translated into languages other than English or are reprinted. Permission to translate or to reprint should be sought from the Director General at the address above. Printed and bound bound by Digital Book Print Ltd IEA Fallacy of Mixed Economy.indd 2 05/02/2009 18:39 . The Fallacy of the Mixed Economy An ‘Austrian’ Critique of Recent Economic Thinking and Policy SECOND EDITION S . C . L I T T L E C H I L D The Institute of Economic Affairs IEA Fallacy. by The Institute of Economic Affairs in association with Profile Books Ltd The mission of the Institute of Economic Affairs is to improve public understanding of the fundamental institutions of. analysing and expounding the role of markets in solving economic and social problems. Copyright © The Institute of Economic Affairs 1978 & 1986 The moral right of the author has been asserted. All