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W . H . H utt (1899–1988): Free Markets and Social Justice
Author(s) -
Dawson Graham
Publication year - 2014
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/ecaf.12085
Subject(s) - opposition (politics) , monopoly , classical liberalism , politics , economics , liberalism , neoclassical economics , relevance (law) , power (physics) , economic justice , law and economics , political economy , market economy , political science , positive economics , sociology , law , physics , quantum mechanics
W . H . H utt reaffirmed the principles of classical economics and classical liberalism and, by applying them to urgent issues he observed in the world around him, he demonstrated the contemporary relevance of freedom and competitive institutions. A wide‐ranging critique of Keynes was founded upon a classical analysis of the labour market, while his trenchant opposition to apartheid advanced along economic and political paths. H utt questioned the justice of the accumulation of wealth from the exploitation of monopoly power over generations. In all of these respects there are affinities between H utt's thought and that of ‘Bleeding Heart Libertarians’.