Managing the World Economy , while recognizing how much has been
achieved since the start of the Industrial Revolution, challenges
the view that much better results could have been attained. It
argues that faster economic growth and much better use of the
available human talent could have been in the past, and should be
in the future, achievable targets. The reasons for the performance
of the world economy over the last two hundred years being well
below the achievable optimum stem mainly from misconceptions about
macroeconomic policy, which the book sets out to explain and
correct.
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