The Goals of Macroeconomic Policy: 1st Edition (Paperback) book cover

The Goals of Macroeconomic Policy

1st Edition

By Martin Prachowny

Routledge

232 pages

Purchasing Options:$ = USD
Paperback: 9780415107648
pub: 1994-06-16
$84.95
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Hardback: 9780415107631
pub: 1994-06-16
$235.00
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eBook (VitalSource) : 9780203028025
pub: 2012-11-12
from $42.48


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Description

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.

Subject Categories

BISAC Subject Codes/Headings:
BUS000000
BUSINESS & ECONOMICS / General
BUS069000
BUSINESS & ECONOMICS / Economics / General