Search result
Cambridge \etc.! : Cambridge University Press, 1995
Abstract: This book condemns neglect of macroeconomic analysis in designing full-employment policies. The money value of total domestic production rather than the price level should be the objective of a combined fiscal-monetary policy emphasizing low interest rates rather than low tax rates. Full employment without unacceptable inflation or poverty needs radical reforms, such as labor-capital partnerships, low real wage rates offset by a universal tax-free social benefit, abolition of national ...; [Read more...]