First published in 1975, this guide to economic policy outlines an economic philosophy for reform for the ‘intelligent radical’ who seeks to address the issues of liberty and equality within society. Among other issues, the book looks at policies to control inflation, to maintain full employment, to set prices and wages, to distribute income and property, and to manage the environment and international trade.
Professor Meade expounds in simple language a set of closely interrelated policies designed to enable us to achieve what he describes as ‘ the decent, free, prosperous society which modern science has undoubtedly brought within our grasp.
1. The Objectives of Economic Policy 2. The Control of Inflation 3. Priced and Wages in a Mixed Economy: (1) Responsive Prices 4. Priced and Wages in a Mixed Economy: (2) Responsive Wages 5. The Distribution of Income and Property: (1) Indirect Measures 6. The Distribution of Income and Property: (2) Fiscal Measures 7. Planning and Social Control: Environment, Resources and Population 8. The International Setting: The Price Mechanism at Work 9. The International Setting: Controls over Trade and Factor Movements