'Have we given up trying to gain full employment?' 'If not, what
should we be trying to do about it?' These are the fundamental
questions that James Meade poses, and attempts to answer, in this
short but timely book. As the issue of full employment moves once
again to the centre of the political debate, Professor Meade draws
our attention to a number of economic and financial factors which
are neglected in debate, and suggests a novel package of changes
which could be used to tackle the full employment problem. He
condemns the neglect of macroeconomic analysis in designing
full-employment policies, and asserts that the money value of total
domestic production rather than the price level should be the
object of a combined fiscal-monetary policy, which itself should
focus on low interest rates rather than low tax rates.
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