Abstract
Introduction - footfalls in the memory. Part 1 Political economy: economics and ethics two cheers for self-interest choice and utility "there is no such thing as society". Part 2 Keynes and Hayek: can democracy manage an economy? Hayek's "spontaneous social order". Part 3 Jobs, inflation and economic management: what remains of the monetarist counter-revolution? countries do not have deficits the role of the exchange rate. Part 4 Problems and policies: the Thatcher government's economic legacy a perspective on unemployment. Part 5 Capitalism with a human face: redistribution - yes, equality - no basic income and the Welfare State finale.
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