Full Employment Regained? (Department of Applied Economics Occasional Papers, Series Number 61) - Softcover

Meade, James Edward

 
9780521556972: Full Employment Regained? (Department of Applied Economics Occasional Papers, Series Number 61)

Synopsis

This book condemns neglect of macroeconomic analysis in designing Full-Employment policies. The money value of total domestic production rather than the price level should be the objective of a combined fiscal-monetary policy emphasizing low interest rates rather than low tax rates. Full Employment without unacceptable inflation or poverty needs radical reforms, such as labor-capital partnerships, low real wage rates offset by a universal tax-free social benefit, abolition of national insurance contributions, and highly progressive taxation of income and wealth for budget surpluses to redeem national debt. Free international movements of capital funds impede independent national reforms.

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Book Description

This book condemns neglect of macroeconomic analysis in designing Full-Employment policies. It argues that the money value of total domestic production, rather than the price level, should be the objective of a combined fiscal-monetary policy emphasizing low interest rates, rather than low tax rates.

About the Author

Robert M. Solow is Institute Professor Emeritus and Professor of Economics Emeritus at MIT and is one of the major figures of neo-Keynesian synthesis macroeconomics. In 1987 he was awarded the Nobel Memorial Prize in Economics.

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Other Popular Editions of the Same Title

9780521553278: Full Employment Regained? (Department of Applied Economics Occasional Papers, Series Number 61)

Featured Edition

ISBN 10:  052155327X ISBN 13:  9780521553278
Publisher: Cambridge University Press, 1996
Hardcover