The volume explores whether fiscal policies can secure full
employment without inflation, one of the key questions in economics
after Keynes. Part 1, "General Theory of Public Finance and Fiscal
Policy", discusses ends and means in economic policy. The results
of this ends-means analysis are applied to fiscal policy. Part 2,
"Microeconomics", deals with the impact of fiscal measures on the
behaviour of the individual household, firm and other organization,
concentrating on the effects on consumption and saving. Part 3,
"Macroeconomics", considers how the problem of keeping the
price-level constant and the labour market in equilibrium at full
employment may be solved by means of fiscal and monetary measures.
Problems connected with the volume of investments and the balance
of payments are considered simultaneously.
General
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