Capitalism in China

Abstract

Communist China, in contrast to Russia and other East European states, has a long tradition of markets. Arthur Seldon welcomes the increasing honesty with which the Chinese Government, under Deng Xaio‐Ping (right), is rejecting centralised control.

An experiment in market‐led higher education: The case of the Buckingham ‘licence’

“…In the introduction to the seminal paper setting out the case for a new independent university, the Institute of Economic Affairs' Arthur Seldon wrote: “For some years the increasing finance of universities by government has provoked thought on the urgency of at least one major centre of university teaching and research that would be free of government finance and therefore of government influence” (Seldon, 1969, p. 4).…”

Redistribution in an Age of Neoliberalism: Market Economics, ‘Poverty Knowledge’, and the Growth of Working-Age Benefits in Britain, c. 1979–2010

“…Leading Liberal economists such as Peter Wiles (1957) and economic journalists such as Samuel Brittan (1963) took a similar line. Arthur Seldon of the Institute of Economic Affairs called for the abolition of National Insurance and the introduction of markets for health and education in a series of pamphlets on ‘choice in welfare’ (Seldon, 1963), and argued that it would be more efficient to raise the incomes of the poor through NIT.…”

“…In Britain, liberal and social democratic economists such as James Meade (1948) and Alan Peacock questioned the Attlee government's system of food and housing subsidies and argued that it would be better to focus on cash transfers (Peden, 2017). 'A Liberal social policy designed to maintain minimum standards of comfort may require us to intervene positively in the system of public finance in order to redistribute income', Peacock (1957: 117-8) National Insurance and the introduction of markets for health and education in a series of pamphlets on 'choice in welfare', and argued that it would be more efficient to raise the incomes of the poor through NIT (Seldon, 1963).…”