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Author: William-H-Hutt: 6 records

About William H. Hutt

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Born in London, William Hutt (1899–1988) was an economist of the classical tradition who identified himself with the Austrian School. He studied at the London School of Economics and became a professor at the University of Cape Town. He is particularly known for his works "The Factory System of the Early Nineteenth Century" (1925), The Theory of Collective Bargaining (1930), and The Strike-Threat System (1973). You can read more about Hutt here.

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• The Theory of Collective Bargaining

  William H. Hutt

  Updated 12/26/2011

  In 1930, W.H. Hutt demonstrated several spectacular points: labor unions cannot lift wages overall; their earnings come at the expense of the consumer; their effect is to cartelize business and reduce free competition to the detriment of everyone. He...
• The Economics of the Colour Bar

  William H. Hutt

  Updated 12/23/2011

  Who were the original and most passionate opponents of apartheid in South Africa? The classical liberals, and this book was their most important weapon against the problem of racial injustice. William H. Hutt, an Austro-classical economist in Sou...
• Rehabilitation of Say's Law, A

  William H. Hutt

  Updated 9/9/2011

  With A Rehabilitation of Say's Law, Professor William H. Hutt produced a magnificent work that Austrians would love to claim as one of their own, but that Hutt himself viewed as thoroughly classical in nature. The topic addressed here is Say&...
• The Strike-Threat System

  William H. Hutt

  Updated 8/10/2011

  The classic from the great labor economist W.H. Hutt argues that it is not the strike but the strike threat that makes unions so incredibly costly to American prosperity. It hangs over unionized companies like the sword of Damocles, intimidating prop...
• The Theory of Idle Resources

  William H. Hutt

  Updated 7/8/2011

  W.H. Hutt’s Theory of Idle Resources was first published in 1939, surely one of the earliest responses to Keynes’s General Theory. Hutt goes for the heart of Keynes’s prescription for recovery, which was to get idle resources moving, whether that...
• Politically Impossible?

  William H. Hutt

  Updated 1/5/2011

  Should economists curb their rhetoric and prescriptions based on “political realities”? Should anyone attempt to conceal the truth about state intervention for fear of not fitting into the existing political culture? Many people answer yes to...