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Nobel Prize winner, the late William Vickrey was considered by many an important figure in contemporary economics. He published several books and some 140 papers scattered over many journals. This book offers a selection from these papers, organized so as to bring out the scope and yet the unity of the work. Vickrey has the distinction of having contributed, often seminally and always operationally, to all major branches of public economics. The papers collected here cover social choice and allocation mechanisms, taxation, pricing in public utilities and in urban transportation, urban...

Collecting Nobel Laureate William S. Vickrey's articles on macroeconomic theory and policy written towards the end of his career, this volume demonstrates his enduring commitment to full employment and price stability, and his rejection of conventional macroeconomic theorizing. William Vickrey never lost hope that sensible macroeconomic policy could be understood and implemented, a faith inspired by his humanistic vision of a better world for all and his belief that common sense would ultimately prevail. Advocating sensible economic policies, this collection will offer much of value to...