IDEAS home Printed from https://ideas.repec.org/p/qeh/ophiwp/ophiwp006.html
   My bibliography  Save this paper

Winning Ideas: Lessons from Free-market Economics

Author

Listed:
  • Sabina Alkire and Angus Ritchie

Abstract

For economic ideas to take root and change history, a number of ingredients need to be present, ranging from individual agents to policy implementation. This paper identifies certain strategic levers that underlay the success of free market economists in promoting their approach in academia, society, and government. How did these economists move from a marginalized position where they could not publish or receive tenure and where their students were not hired at other leading universities, to a position of dominance? In particular, it examines the impact of F. A. Hayek, and of such institutions as the Mont Pelerin Society, the Institute for Economic Affairs (IEA) in Britain, and the funding arrangements. The paper draws on the wealth of secondary literature regarding the spread of free market economic ideas, particularly in the US, Latin America, and the UK, to identify five strategic activities and methods of transmission that were central to their advance, and will be relevant to others.

Suggested Citation

  • Sabina Alkire and Angus Ritchie, 2007. "Winning Ideas: Lessons from Free-market Economics," OPHI Working Papers ophiwp006, Queen Elizabeth House, University of Oxford.
  • Handle: RePEc:qeh:ophiwp:ophiwp006
    as

    Download full text from publisher

    File URL: http://www3.qeh.ox.ac.uk/pdf/ophiwp/OPHIWP006.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Klasen, Stephan, 2000. "Measuring Poverty and Deprivation in South Africa," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 46(1), pages 33-58, March.
    2. anonymous, 1999. "Western economic developments," Western economic developments, Federal Reserve Bank of San Francisco, issue Jan.
    3. anonymous, 1999. "Western economic developments," Western economic developments, Federal Reserve Bank of San Francisco, issue Aug.
    4. ., 1999. "Mexico's Economic Development," Chapters,in: North American Economic Integration, chapter 6 Edward Elgar Publishing.
    5. Rachael Diprose, 2007. "Physical Safety and Security: A Proposal for Internationally Comparable Indicators of Violence," Oxford Development Studies, Taylor & Francis Journals, vol. 35(4), pages 431-458.
    6. ., 1999. "The Development of Biotechnology," Chapters,in: The Emergence and Growth of Biotechnology, chapter 2 Edward Elgar Publishing.
    7. Gustav Ranis & Frances Stewart & Emma Samman, 2006. "Human Development: Beyond the Human Development Index," Journal of Human Development and Capabilities, Taylor & Francis Journals, vol. 7(3), pages 323-358.
    8. Mark McGillivray, 2005. "Measuring Non-Economic Well-Being Achievement," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 51(2), pages 337-364, June.
    9. François Bourguignon & Satya Chakravarty, 2003. "The Measurement of Multidimensional Poverty," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 1(1), pages 25-49, April.
    10. Gustav Ranis, Frances Stewart and Emma Samman, "undated". "Human Development: beyond the HDI," QEH Working Papers qehwps135, Queen Elizabeth House, University of Oxford.
    11. anonymous, 1999. "Western economic developments," Western economic developments, Federal Reserve Bank of San Francisco, issue May.
    12. Emma Samman, 2007. "Psychological and Subjective Well-being: A Proposal for Internationally Comparable Indicators," Oxford Development Studies, Taylor & Francis Journals, vol. 35(4), pages 459-486.
    13. anonymous, 1999. "Western economic developments," Western economic developments, Federal Reserve Bank of San Francisco, issue Dec.
    14. Sen, Amartya, 1983. "Development: Which Way Now?," Economic Journal, Royal Economic Society, vol. 93(372), pages 742-762, December.
    15. Kai-yuen Tsui, 2002. "Multidimensional poverty indices," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 19(1), pages 69-93.
    16. anonymous, 1999. "Western economic developments," Western economic developments, Federal Reserve Bank of San Francisco, issue Sep.
    17. Dreze, Jean & Sen, Amartya, 1999. "India: Economic Development and Social Opportunity," OUP Catalogue, Oxford University Press, number 9780198295280.
    18. Amartya SEN, 2000. "Work and rights," International Labour Review, International Labour Organization, vol. 139(2), pages 119-128, June.
    19. Surya Sen, 1999. "Global financial crisis and economic development," Chicago Fed Letter, Federal Reserve Bank of Chicago, issue Aug.
    20. ., 1999. "Canada's Economic Development and Integration," Chapters,in: North American Economic Integration, chapter 5 Edward Elgar Publishing.
    21. Amartya Sen, 2000. "A Decade of Human Development," Journal of Human Development and Capabilities, Taylor & Francis Journals, vol. 1(1), pages 17-23.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. John Ataguba & William M. Fonta & Hyacinth E. Ichoku, 2011. "The Determinants of Multidimensional Poverty in Nsukka, Nigeria," Working Papers PMMA 2011-13, PEP-PMMA.
    2. Nadjiarabeye Christian BEASSOUM & Koulké Blandine NAN-GUER & Olivier BEGUY & Tabo Symphorien Ndang & TOPEUR Béguerang, 2011. "Pauvrete Des Capacites Au Tchad: Une Exploration Des Dimensions Manquantes Des Donnees Dans La Capitale N'Djamena," Working Papers PMMA 2011-17, PEP-PMMA.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:qeh:ophiwp:ophiwp006. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Rachel Crawford). General contact details of provider: http://edirc.repec.org/data/qehoxuk.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.