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The Fallacy of the Mixed
Economy
An ‘Austrian’ Critique of Recent Economic
Thinking and Policy
SECOND EDITION

S . C . L I T T L E C H I L D
The Institute of Economic Affairs
IEA Fallacy of Mixed Economy.indd 1 05/02/2009 18:39
First published in Great Britain in 1978 by
The Institute of Economic Affairs
2 Lord North Street
Westminster
London sw1p 3lb
Second edition (with postscript) published in 1986
This reissued edition published in 2009 by
The Institute of Economic Affairs
in association with Profile Books Ltd
The mission of the Institute of Economic Affairs is to improve public understanding of
the fundamental institutions of a free society, by analysing and expounding the role of
markets in solving economic and social problems.
Copyright © The Institute of Economic Affairs 1978 & 1986
The moral right of the author has been asserted.
All rights reserved. Without limiting the rights under copyright reserved above, no part
of this publication may be reproduced, stored or introduced into a retrieval system,
or transmitted, in any form or by any means (electronic, mechanical, photocopying,
recording or otherwise), without the prior written permission of both the copyright
owner and the publisher of this book.
A CIP catalogue record for this book is available from the British Library.
ISBN 978 0 255 36633 5
Many IEA publications are translated into languages other than English or are reprinted.


Permission to translate or to reprint should be sought from the Director General at the
address above.
Printed and bound bound by Digital Book Print Ltd
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