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Macroeconomic Policy after the Conservative Era - Studies in Investment, Saving and Finance (Hardcover, New)
Loot Price: R2,474
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Macroeconomic Policy after the Conservative Era - Studies in Investment, Saving and Finance (Hardcover, New)
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A conservative approach to economic growth has dominated policy
circles for close to two decades. This approach holds that the key
to restoring economic growth lies in reducing the size and role of
government in the market economy through deregulation of the
financial sector, privatization, and lower taxes. The contributors
to this 1995 book argue that the principles of 'trickle down'
economics are of dubious validity, and have led to economic
stagnation, high unemployment, and increasing inequality. They
develop a fresh perspective on macroeconomic policy, one affirming
that egalitarian and democratic economic structures are not only
compatible with economic revival, but in fact offers sustainable
growth of living standards. Their alternative recognizes that
markets have an important role to play, but only within the
framework of macroeconomic stability, corrections of market
failures, and egalitarian rules of the game.
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