After nearly three and a half -- rather too exciting -- years as a young war-time sailor, Alan Peacock expected to return to a life of quiet contemplation. Instead he became an activist economist frequently engaged in controversies about the conduct of economic policy lasting all his professional life. His earlier experiences at trying to 'do good' will resonate with all those who have attempted to influence political action, but the account is also designed to inform and entertain those who (...) are curious to know whether economists are actually human. The author has lived long enough to have become a Fellow of both the British Academy and Royal Society of Edinburgh and was knighted for public service in 1987. (shrink)

In this volume, Sir Alan Peacock, one of Britain's most noted public economists, poses the question as to whether the history of economic thought is an essential part of the training of public finance economists. He argues that the perspective gained by studying the origins of public choice analysis can offer an important stimulus to scientific progress. The first lecture analyses the increasing popularity in recent years of the modernist, anti-historical point of view. The second criticises those theories of growth (...) in government expenditure which ignore the political process. The third lecture draws on Adam Smith and David Hume to extend the conventional economic model of bureaucracy. In the final lecture, Peacock considers the problem of controlling public sector growth and points to ways of overcoming them. The book ends with short commentaries by seven public economists. (shrink)