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Description - The Goals of Macroeconomic Policy by Martin F. J. Prachowny

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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Book Details

ISBN: 9780415107631
ISBN-10: 0415107636
Format: Hardback
(216mm x 140mm x 20mm)
Pages: 232
Imprint: Routledge
Publisher: Taylor & Francis Ltd
Publish Date: 16-Jun-1994
Country of Publication: United Kingdom

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