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Books > Social sciences > Politics & government > Central government > Central government policies
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Monetary and Fiscal Thought and Policy in Canada, 1919-1939 (Paperback)
Loot Price: R1,363
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Monetary and Fiscal Thought and Policy in Canada, 1919-1939 (Paperback)
Series: Heritage
Expected to ship within 10 - 15 working days
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In this careful and thorough study of a Canadian field which has
been relatively untouched in recent years, Dr. Brecher records and
comments on the development of monetary and fiscal thinking in
Canada in the inter-war period, and its impact on public policy in
the federal sphere. Examining Canadian opinion about economic
theory during this time, the author draws on four fields of
thought: that of government and other public officials; of
businessmen, such as bankers, and their views on what should be
done about the depression; of the "radical group", such as those
prominent in the formation of the CCF and Social Credit parties;
and of economists, prominent in the universities. Dr. Brecher
points out in his preface that his inquiry is rooted in the
conviction that the problems associated with cyclical fluctuations
remain sufficiently complex to make an understanding of the
developments of the twenties and thirties an indispensable
condition for effective stabilization policy. He finds the twenties
distinguished only in the superficial and imperfect diagnosis of
and remedial suggestions for unemployment, made chiefly by a
relatively small handful of thinkers associated with the
Progressive and United Farmers movements, then emerging in the
West. It was the thirties which, under the impact of the
depression, witnessed the first real stirrings of careful economic
analysis in cyclical terms, and of statistical techniques for
measuring the value of annual productive activity and income
receipts in the Dominion. The author has attempted to appraise the
evolution of the Canadian policy of monetary and fiscal
stabilization within the thought environment in which it was
conceived and implemented, and on the basis of the standards set by
modern income-employment theory.
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