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Classical Economics, Public Expenditure And Growth

Author

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  • Walter Eltis

Abstract

Walter Eltis’s work has played a major role in the rediscovery of the policy relevance of classical economics. His articles on Smith, Quesnay, Ricardo and Malthus, where he derives their underlying economic argument from a detailed examination of their principal publications, led to the Bacon and Eltis theory which challenged Keynesian orthodoxy. It showed how growing public expenditure and increasing public debt reduce economic growth and destabilize modern economies. This volume includes a carefully chosen selection of his key articles and papers, as well as an extensive introductory essay which provides an account of the evolution of his ideas and their impact on economic policy.

Suggested Citation

  • Walter Eltis, 1993. "Classical Economics, Public Expenditure And Growth," Books, Edward Elgar Publishing, number 162.
    • Handle: RePEc:elg:eebook:162
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    File URL: http://www.e-elgar.com/shop/isbn/9781852787417
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    Citations

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    Cited by:

    1. Jamee K. Moudud, 2000. "Harrod versus Thirlwall: A Reassessment of Export-Led Growth," Economics Working Paper Archive wp_316, Levy Economics Institute.
    2. Jamee K. Moudud, 2000. "Harrod versus Thirlwall: A Reassessment of Export-Led Growth," Macroeconomics 0012002, University Library of Munich, Germany.
    3. Jamee K. Moudud, 2000. "Crowding In or Crowding Out? A Classical-Harrodian Perspective," Macroeconomics 0012001, University Library of Munich, Germany.
    4. Jamee K. Moudud, 2000. "Finance in a Classical and Harrodian Cyclical Growth Model," Macroeconomics 0004036, University Library of Munich, Germany.

    More about this item

    Keywords

    Economics and Finance;

    JEL classification:

    • B0 - Schools of Economic Thought and Methodology - - General

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