World of Economics, The (Parts 7-12)

Synopsis

Part 7: Professor Arthur Shenfield, former Economics Director of the Confederation of British Industry in discussion with John Burton. Orthodox micro-economic analysis makes a formidable case for what is called, in America, anti-trust policy. In recent times, however, the balance of opinion amongst economists has started to swing against this long-prevailing orthodoxy and the associated policy implications. Arthur Shenfield reflects these growing doubts, drawing on his long experience as both an economist and a lawyer.
Part 8: Professor Harold Demsetz, Professor of Economics, UCLA, in discussion with John Burton. Harold Demsetz has been seminal in the development of the economic analysis of property rights systems. Elaborates this perspective and in particular applies it to such matters as congestion on the roads, over-fishing and fish farming, the effect of rent controls on racial discrimination and the economics of defence.
Part 9: Dean Henry Manne, Dean and Professor, School of Law, and Director, Law and Economics Center, George Mason University, Virginia, in discussion with John Burton. Henry Manne has specialised in the economic analysis of large companies. He emphasises the role of the market in corporate control in disciplining their behaviour and contrasts the view of the corporation with the conventional view. He also discusses merger and takeover policy and again contrasts the conventional wisdom with the insights of economic analysis.
Part 10: Professor David Meiselman, Professor of Economics and Director of the Graduate Economics Programme in Northern Virginia, Virginia Polytechnic Institute, in discussion with John Burton. David Meiselman is an internationally known specialist in monetary economics. He discusses the role of money in the economy, the theoretical and empirical foundations of monetarism and the behaviour of central banks.
Part 11: Professor Richard Stroup, Professor of Agricultural Economics and Research Director, Political Economy Research Center, Bozeman, Montana, in discussion with Robert Miller. Questions which is the more effective method of preserving the environment, the market or the state? In many environmental problems liability is difficult to establish and property rights are vague. Nevertheless, economists have produced instructive examples of how non-governmental solutions have been found for these problems.
Part 12: Professor Gary Becker, Professor, Department of Economics and Sociology, University of Chicago, in discussion with John Burton. Gary Becker has been influential in the development of the economic study of investment in human beings (human capital) and the application of economics to the understanding of the family, marriage, divorce and the production of children. He discusses his controversial economist’s perspectives on these matters.

Language

English

Country

Great Britain

Medium

Video; Videocassette. Standard formats. col. 19, 5 x 25 min.

Year of production

1988

Availability

OUT OF DISTRIBUTION

Documentation

Accompanied by a discussion guide written by scholars who set the speakers’ ideas in the general perspective of contemporary political economy. Bibliographies and questions for discussion are also included.

Uses

Teachers and students of economics.*

Subjects

Economics

Keywords

economics theory

Sections

Title

Monopoly, competition and the law

Synopsis

Part 7: Professor Arthur Shenfield, former Economics Director of the Confederation of British Industry in discussion with John Burton. Orthodox micro-economic analysis makes a formidable case for what is called, in America, anti-trust policy. In recent ti

Title

Economics of property rights

Synopsis

Part 8: Professor Harold Demsetz, Professor of Economics, UCLA, in discussion with John Burton. Harold Demsetz has been seminal in the development of the economic analysis of property rights systems. Elaborates this perspective and in particular applies i

Title

Economics of the corporation

Synopsis

Part 9: Dean Henry Manne, Dean and Professor, School of Law, and Director, Law and Economics Center, George Mason University, Virginia, in discussion with John Burton. Henry Manne has specialised in the economic analysis of large companies. He emphasises

Title

Money and the economy

Synopsis

Part 10: Professor David Meiselman, Professor of Economics and Director of the Graduate Economics Programme in Northern Virginia, Virginia Polytechnic Institute, in discussion with John Burton. David Meiselman is an internationally known specialist in mon

Title

Economics of the environment

Synopsis

Part 11: Professor Richard Stroup, Professor of Agricultural Economics and Research Director, Political Economy Research Center, Bozeman, Montana, in discussion with Robert Miller. Questions which is the more effective method of preserving the environment

Title

Economics of the family and human capital, The

Synopsis

Part 12: Professor Gary Becker, Professor, Department of Economics and Sociology, University of Chicago, in discussion with John Burton. Gary Becker has been influential in the development of the economic study of investment in human beings (human capital

Production Company

Name

Diverse Productions

Sponsor

Name

Institute of Economic Affairs

Distributor

Name

Guild Sound & Vision

Notes

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