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The Goals of Macroeconomic Policy (Paperback, New) Loot Price: R1,948
Discovery Miles 19 480
The Goals of Macroeconomic Policy (Paperback, New): Martin Prachowny

The Goals of Macroeconomic Policy (Paperback, New)

Martin Prachowny

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Loot Price R1,948 Discovery Miles 19 480 | Repayment Terms: R183 pm x 12*

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Since the time of Keynes macroeconomists have been concerned with the effectiveness of stabilization policies in reaching full employment. However no one has provided a convincing argument that this goal is universally desirable. Thus the book's main thesis is that Pareto optimality - the guiding principle of policy evaluation, because some gain and nobody loses - does not apply to macroeconomic policies and that full employment is essentially a political aim. The book is divided into three parts. The first is historical: it examines the limited literature on the optimality of macroeconomic goals and the record of successive governments in achieving the goals they have set. The second part presents a theory of the labour market, and an evaluation of welfare changes from rising or falling real wages. The concluding part looks at public choice decisions, especially those related to spending and taxation, from an individualistic perspective. Although originally intended to show what sacrifices are necessary in collective decisions, the aim is now to maximize your own benefit from government spending and to avoid as much of the burden of taxation as possible.

General

Imprint: Routledge
Country of origin: United Kingdom
Release date: June 1994
First published: 1994
Authors: Martin Prachowny
Dimensions: 216 x 138 x 13mm (L x W x T)
Format: Paperback
Pages: 228
Edition: New
ISBN-13: 978-0-415-10764-8
Categories: Books > Business & Economics > Economics > Economic theory & philosophy
Books > Social sciences > Politics & government > Central government > Central government policies
Books > Business & Economics > Economics > Macroeconomics > General
Books > Business & Economics > Economics > Labour economics > Employment & unemployment
LSN: 0-415-10764-4
Barcode: 9780415107648

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