Premium
The huttian philosophy
Author(s) -
Lachmann L. M.
Publication year - 1988
Publication title -
managerial and decision economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.288
H-Index - 51
eISSN - 1099-1468
pISSN - 0143-6570
DOI - 10.1002/mde.4090090504
Subject(s) - legislation , unemployment , planner , economics , legislature , keynesian economics , law and economics , political science , macroeconomics , law , computer science , programming language
Hutt's economic view is best encapsulated in his policy‐oriented Plan for Reconstruction . Antedating the Beveridge Report on full employment, Hutt argued not for a Keynesian management of aggregate demand but rather for legislation which would render unemployment (caused by the withholding of labour or other resources) illegal. Removal of restrictions on supply would unleash ‘colossal’ productive capacity. It would require, as a prerequisite, a legislative and regulatory framework embedded in sound ‘institutional planning’. Hutt is no corporatist or interest group planner, but neither can he be bracketed with late twentieth‐century libertarians. He is his own man.