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Writing from a distinctively British perspective, David Coats looks to pinpoint the reasons for this decline and offer an optimistic outlook, arguing that social democracy still represents the best hope for affluent societies to secure the values of the Enlightenment.

This volume contains a spirited debate among eminent journalists, economists, and publishers about the spread of economic ideas. The interchange among the writers provides both the lay reader and the interested professional with fascinating insights into what happens behind the scenes in academia, publishing, and journalism. The first two sections of the book discuss the flow of ideas from economist to economist and from economists to the general public. The third part examines the use and abuse of economic ideas in policy formation, and the final section provides insights into the funding of...