The Goals of Macroeconomic Policy
Language: English
Published by Routledge 1994-06-16, 1994
- Hardcover
- New
Seller: Chiron Media, Wallingford, United KingdomChiron Media
AbeBooks seller since August 2, 2010
Condition: New
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Seller Inventory # 6666-TNFPD-9780415107631
- Title
- The Goals of Macroeconomic Policy
- Author
- Martin Prachowny
- Publisher
- Routledge 1994-06-16
- Publication year
- 1994
- Condition
- New
- Binding
- Hardcover
- Language
- English
- ISBN 10
- 0415107636
- ISBN 13
- 9780415107631
Politicians win elections by promising 'Jobs! Jobs! Jobs!' but in practice these promises quickly fall by the wayside. The Goals of Macroeconomic Policy asks why. It begins with the observation that there is no convincing economic argument that full employment should be the primary objective of economic policy in all circumstances. In the light of this it examines whcy policy has failed so consistantly. It explains this by a theory of the labour market which shows why most workers are happy to operate in a way which militates against full employment. It then proceeds to analyse the rather dire consequences of this for the budget deficit.
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Chiron Media
Wallingford, United Kingdom
AbeBooks seller since August 2, 2010
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