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W. H. Hutt (1899–1988): Free Markets and Social Justice

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  • Graham Dawson

Abstract

W.H. Hutt reaffirmed the principles of classical economics and classical liberalism and, by applying them to urgent issues he observed in the world around him, he demonstrated the contemporary relevance of freedom and competitive institutions. A wide-ranging critique of Keynes was founded upon a classical analysis of the labour market, while his trenchant opposition to apartheid advanced along economic and political paths. Hutt questioned the justice of the accumulation of wealth from the exploitation of monopoly power over generations. In all of these respects there are affinities between Hutt's thought and that of ‘Bleeding Heart Libertarians’.

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  • Graham Dawson, 2014. "W. H. Hutt (1899–1988): Free Markets and Social Justice," Economic Affairs, Wiley Blackwell, vol. 34(3), pages 379-391, October.
    • Handle: RePEc:bla:ecaffa:v:34:y:2014:i:3:p:379-391
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    References listed on IDEAS

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    1. Paul Gregg & Jonathan Wadsworth, 2010. "Unemployment and inactivity in the 2008–2009 recession," Economic & Labour Market Review, Palgrave Macmillan;Office for National Statistics, vol. 4(8), pages 44-50, August.
    2. repec:cup:cbooks:9780521445528 is not listed on IDEAS
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