The Goals of Macroeconomic Policy
Book Details
Format
Hardback or Cased Book
ISBN-10
0415107636
ISBN-13
9780415107631
Publisher
Taylor & Francis Ltd
Imprint
Routledge
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Jun 16th, 1994
Print length
228 Pages
Weight
318 grams
Product Classification:
Central government policiesEconomicsEconomic theory & philosophyMacroeconomicsLabour economics
Ksh 34,200.00
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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.
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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