This volume contains classic essays on economic policy written by one of its great exponents. The opening essay traces the author's evolving structures of thought about economics and the policy proposals that came from them over this period. Section 2 contains essays which set the background to the policy recommendations. In section 3 the role of investment incentives is analysed. Section 4 is concerned with the influence of accounting conventions on private decision-making and government policy in both capitalist and planned economies. Section 5 contains a number of package deals, all designed to fit within the constraint of the philosophy of governments in power. The last section, general essays, ranges from a scheme for the payment of prisoners to the celebration of the views on policy of great economists, from Colin Clark, through Nicky Kaldor to John Cornwall.

G.C. HARCOURT is Emeritus Reader in the History of Economic Theory at the University of Cambridge, Emeritus Fellow, Jesus College, Cambridge and Professor Emeritus, University of Adelaide. He is the author, co-author and editor or co-editor of nineteen books, including Some Cambridge Controversies in the Theory of Capital and 2nd edition of The General Theory.

Preface Acknowledgements Foreword; M.Panic Introduction Background to Policy Recommendations Taxation Reform and Investment Incentives Accounting Conventions and Policy Package Deals General Essays Index