The Goals of Macroeconomic Policy
By (author) Martin F. J. Prachowny
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Goals of Macroeconomic Policy by Martin F. J. Prachowny
Book DescriptionPoliticians 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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Book DetailsISBN: 9780415107631
(216mm x 140mm x 20mm)
Publisher: Taylor & Francis Ltd
Publish Date: 16-Jun-1994
Country of Publication: United Kingdom
Books By Author Martin F. J. Prachowny
Working in the Macro Economy, Paperback (December 2014)
Most macroeconomic theory has focused on goods and money rather than on labour, but this book goes someway to redressing this balance. It examines a wide range of labor-market issues from the perspective of modern macroeconomics. It considers policy issues, as well as theory, and criticises both Keynesian and New Classical approaches.
Goals of Macroeconomic Policy, Paperback (June 1994)
Prachowny details why the economic promises of politicians often fall by the wayside, and questions the argument that full employment should be the primary objective of economic policy in all circumstances.
Money in the Macroeconomy, Paperback (January 1986)» View all books by Martin F. J. Prachowny
This is a textbook designed for senior undergraduate courses in monetary economics, advanced macroeconomics, or macroeconomic policy.
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