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“It is the bitter lesson of history that society cannot rely on the scruples of a powerful ruler to restrain him from exercising his power over the lives of his subjects. The only safeguard of liberty is the restraint of power itself.”~G. Warren Nutter Economist G. Warren Nutter provided one of the lone dissenting voices to challenge what had become a matter of conventional wisdom among Sovietologists. Whereas others perceived vibrancy and vitality in the socialist society’s industrial growth, Nutter recognized its long-term economic decline concealed behind a politically crafted veneer of propaganda about socialist industrial prowess. From 1956 until its first publication in 1969, he ...
Monograph comprising statistical tables on public expenditure in OECD countries from 1929 to 1976 - includes flow charts and references.
These thirty-three essays, many of them previously unpublished, illustrate the broad range of Warren Nutter's thought. There are essays on the Soviet economy and international relations as well as essays exploring the economic institutions that support a society of free people. One finds in these essays a man of intellect and judgment ever ready to look at the evidence and ever willing to admit imperfections of even the best human institutions. He defends capitalism not because it is perfect but because for this imperfect world it is superior to the attainable alternatives. G. Warren Nutter (1923-1979) taught economics at the University of Virginia. Paul Craig Roberts is a distinguished fellow at the Cato Institute.
The Description for this book, Growth of Industrial Production in the Soviet Union, will be forthcoming.
Explores how the Virginia School developed an economics for natural equals in which consent is critical for policy.