The Challenge to Government: Management of a Capitalist Economy

 
9780962855818: The Challenge to Government: Management of a Capitalist Economy
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This book concerns the task of developing a logical, systematic approach to government "management" of a competitive free market capitalist economy by means of government taxes and expenditures, budget deficits or surpluses and monetary policy. Namely, how national governments can achieve low inflation and steady growth of incomes by means of intelligent fiscal budget and monetary policy.

All aspects of government management of the economy are discussed, including growth of national output, employment, saving and investment, budgets, finance and foreign trade. The book closes with a section in which Dr. Robinson makes suggestions for improvement of the U.S. Government's management of the U.S. economy.

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From the Back Cover:

Government expenditures, budget deficits and their financing, control of money supply and other governmental activities are designed to achieve many different objectives. Yet in total they have become a major factor in influencing the course of the economy. Government does not know it but it is really exercising "management" of the economy. Instead of the present piecemeal, uncoordinated decision-making, which leads to erratic and often disappointing economic progress, government should attempt to organize all its activities in such a way that all contribute to the achievement of one national economic goal.

This book is devoted to the task of developing such a logical, systematic approach to government "management" of a capitalist economy. It discusses how government might establish its objectives, how the economy operates, how government affects it, and how government activities and policies might be integrated into one purposeful management process designed to best achieve national economic objectives. It concludes with some recommendations to improve government management in the United States.

All aspects of government management of the economy are discussed, including national output, employment, saving and investment, government budgets and deficits, finance and foreign trade. The book is addressed primarily to the general reader interested in the economics and politics of government. It should be of particular interest to those at al levels of Federal, State and Local government's difficult problem of exercising sound economic statesmanship in the complex modern world.

The book will, however, also be of interest to professional economists and statisticians. Supporting technical economic and statistical analyses are provided in Appendices.

About the Author:

Herbert W. Robinson was born in Hull England in 1914. He holds a Ph.D from the London School of Economics for an econometric study of the economics of the construction industry (1937) and a D.Phil. from Oxford University for studies of the mobility of labor during the Great Depression (1939). During World War II, he assisted Lord Cherwell, Personal Scientific and Statistical Advisor to Winston Churchill, in the Prime Minister's private office from 1939 to 1942. He also served in the Ministry of Production, the Combined U.S.-U.K.-Canada Production and Resources Board and the Ministry of Agriculture.

In 1946 he emigrated to the United States and was Chief, Economic Trends in the Veterans Administration, Economic Advisor to the UNRRA Mission to Poland, staff member of the World Bank and, during the Korean War, served in the Defense Production Administration.

He was the founder, Chairman and President of C-E-I-R, INC., a pioneering electronic data processing, software and professional services corporation, from 1954 until its merger with Control Data Corporation in 1968. He was vice-president of Control Data until 1970. Since 1970 he has been engaged in managing the private Robinson Investment Fund.

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