Books by D. Reisman

The pressure of coalitions and interest groups, the self- interest of politicians and bureaucrats may all work against a solution being found for some of the most urgent social and economic problems of our times.

James Buchanan (1919-2013), economist and philosopher, was awarded the Nobel Prize in Economics in 1986 for his original theory of political democracy as market exchange. Buchanan believed economics should be concerned with liberty, individualism and equity.

Richard Titmuss, Professor at the London School of Economics, adviser to governments, prolific author, was instrumental in shaping the new disciplines of Social Policy and Administration.

This book is an authoritative and comprehensive guide to the essential relationship between markets and morals. Smith, Burke and Marx, Durkheim, Polyani and Hayek - all sought to situate market exchange and property-based acquisitiveness in the broader context of human interaction and social values.

Society wants care to be allocated equitably; it wants the financial burden to be kept within bounds; it wants treatments to be both medically effective and economically efficient. These shared concerns lead to a demand for State intervention which this book seeks impartially to appraise and evaluate.