PROFESSOR REEKIE AND MARKETS: HEALTH CARE AND HIGHER EDUCATION

Joubert Botha

South African Journal of Economics, 2008, vol. 76, issue 1, 144-158

Abstract: In this intriguing book Duncan Reekie goes to the very basis of the economic order.1 He discusses the views of the ancient Greek and later writers, and in doing so, moves outside the confines of modern economic analysis. One is reminded of what Schumpeter once wrote: the economist pursues the study of cause and effect until he finds the causal role of a variable to be non‐economic. We must then “give place to other disciplines”.2 Reekie's analysis reverses the order: it starts with the very general concept of the Natural Law in the works of ancient Greek and many subsequent writers, and then shows how they addressed questions that are still relevant today: questions on property and individual freedom.

Date: 2008
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