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The Magic Money Tree and Other Economic Tales (Paperback)
Loot Price: R686
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The Magic Money Tree and Other Economic Tales (Paperback)
Series: Comparative Political Economy
Expected to ship within 9 - 17 working days
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This lively and provocative look at the tension between economics
and politics examines why so many mistakes in economic
policy-making are made for political reasons and ignore the
economic truths. Using short-term economic gains to ensure
electoral success, argues Lorenzo Forni, inevitably spells
macroeconomic disaster. Using the state budget, trade policy and
monetary policy to prop up labour markets and the wider economy in
order to boost voter approval ratings, while ignoring budget
constraints can only result in longer recessions and economic
downturns. Which then can incur the painful austerity measures
needed to bring the economy back into balance. Forni looks at many
unsustainable economic policies that have been implemented in parts
of the world when the economic realities - there is no magic money
tree! - would recommend a different and more prudent economic
course.
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