Whilst there is widespread agreement about the goals of economic
policy, consensus about how best to achieve them can be harder to
achieve. No issues are more contentious than employment and income
distribution. In recent years full employment and a just
distribution of incomes have been downgraded as policy objectives,
as greater priority has been given to price stability and balance
of payments objectives. This emphasis has been supported by a
mainstream economic theory which has an unswerving belief in the
ability of market forces to achieve a satisfactory regulation of
employment and income distribution Other economists have remained
more sceptical, and none more so than Kurt Rothschild. This new
volume collects together his twenty two most important essays in
the area, many of which are appearing in English for the first
time. Throughout pure theory is linked to relevant practical
investigations.
General
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