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The United States of War - A Global History of America's Endless Conflicts, from Columbus to the Islamic State... The United States of War - A Global History of America's Endless Conflicts, from Columbus to the Islamic State (Hardcover)
David Vine
R724 R599 Discovery Miles 5 990 Save R125 (17%) Ships in 7 - 11 working days

The United States has been fighting wars constantly since invading Afghanistan in 2001. This nonstop warfare is far less exceptional than it might seem: the United States has been at war or has invaded other countries almost every year since independence. In The United States of War, David Vine traces this pattern of bloody conflict from Columbus's 1494 arrival in Guantanamo Bay through the 250-year expansion of a global US empire. Drawing on historical and firsthand anthropological research in fourteen countries and territories, The United States of War demonstrates how US leaders across generations have locked the United States in a self-perpetuating system of permanent war by constructing the world's largest-ever collection of foreign military bases-a global matrix that has made offensive interventionist wars more likely. Beyond exposing the profit-making desires, political interests, racism, and toxic masculinity underlying the country's relationship to war and empire, The United States of War shows how the long history of U.S. military expansion shapes our daily lives, from today's multi-trillion-dollar wars to the pervasiveness of violence and militarism in everyday U.S. life. The book concludes by confronting the catastrophic toll of American wars-which have left millions dead, wounded, and displaced-while offering proposals for how we can end the fighting.

The Leaderless Economy - Why the World Economic System Fell Apart and How to Fix It (Hardcover): Peter Temin, David Vines The Leaderless Economy - Why the World Economic System Fell Apart and How to Fix It (Hardcover)
Peter Temin, David Vines
R656 R550 Discovery Miles 5 500 Save R106 (16%) Ships in 10 - 15 working days

"The Leaderless Economy" reveals why international financial cooperation is the only solution to today's global economic crisis. In this timely and important book, Peter Temin and David Vines argue that our current predicament is a catastrophe rivaled only by the Great Depression. Taking an in-depth look at the history of both, they explain what went wrong and why, and demonstrate why international leadership is needed to restore prosperity and prevent future crises.

Temin and Vines argue that the financial collapse of the 1930s was an "end-of-regime crisis" in which the economic leader of the nineteenth century, Great Britain, found itself unable to stem international panic as countries abandoned the gold standard. They trace how John Maynard Keynes struggled for years to identify the causes of the Great Depression, and draw valuable lessons from his intellectual journey. Today we are in the midst of a similar crisis, one in which the regime that led the world economy in the twentieth century--that of the United States--is ending. Temin and Vines show how America emerged from World War II as an economic and military powerhouse, but how deregulation and a lax attitude toward international monetary flows left the nation incapable of reining in an overleveraged financial sector and powerless to contain the 2008 financial panic. Fixed exchange rates in Europe and Asia have exacerbated the problem.

"The Leaderless Economy" provides a blueprint for how renewed international leadership can bring today's industrial nations back into financial balance--domestically and between each other.

Island of Shame - The Secret History of the U.S. Military Base on Diego Garcia (Paperback, Revised edition): David Vine Island of Shame - The Secret History of the U.S. Military Base on Diego Garcia (Paperback, Revised edition)
David Vine
R645 R539 Discovery Miles 5 390 Save R106 (16%) Ships in 10 - 15 working days

The American military base on the island of Diego Garcia is one of the most strategically important and secretive U.S. military installations outside the United States. Located near the remote center of the Indian Ocean and accessible only by military transport, the little-known base has been instrumental in American military operations from the Cold War to the war on terror and may house a top-secret CIA prison where terror suspects are interrogated and tortured. But Diego Garcia harbors another dirty secret, one that has been kept from most of the world--until now.

"Island of Shame" is the first major book to reveal the shocking truth of how the United States conspired with Britain to forcibly expel Diego Garcia's indigenous people--the Chagossians--and deport them to slums in Mauritius and the Seychelles, where most live in dire poverty to this day. Drawing on interviews with Washington insiders, military strategists, and exiled islanders, as well as hundreds of declassified documents, David Vine exposes the secret history of Diego Garcia. He chronicles the Chagossians' dramatic, unfolding story as they struggle to survive in exile and fight to return to their homeland. Tracing U.S. foreign policy from the Cold War to the war on terror, Vine shows how the United States has forged a new and pervasive kind of empire that is quietly dominating the planet with hundreds of overseas military bases.

"Island of Shame" is an unforgettable expose of the human costs of empire and a must-read for anyone concerned about U.S. foreign policy and its consequences. The author will donate all royalties from the sale of this book to the Chagossians."

Capital Failure - Rebuilding Trust in Financial Services (Paperback): Nicholas Morris, David Vines Capital Failure - Rebuilding Trust in Financial Services (Paperback)
Nicholas Morris, David Vines
R946 Discovery Miles 9 460 Ships in 10 - 15 working days

Adam Smith's 'invisible hand' relied on the self-interest of individuals to produce good outcomes. Economists' belief in efficient markets took this idea further by assuming that all individuals are selfish. This belief underpinned financial deregulation, and the theories on incentives and performance which supported it. However, although Adam Smith argued that although individuals may be self-interested, he argued that they also have other-regarding motivations, including a desire for the approbation of others. This book argues that the trust-intensive nature of financial services makes it essential to cultivate such other-regarding motivations, and it provides proposals on how this might be done. Trustworthiness in the financial services industry was eroded by deregulation and by the changes to industry structure which followed. Incentive structures encouraged managers to disguise risky products as yielding high returns, and regulation failed to curb this risk-taking, rent-seeking behaviour. The book makes a number of proposals for reforms of governance, and of legal and regulatory arrangements, to address these issues. The proposals seek to harness values and norms that would reinforce 'other-regarding' behaviour, so that the firms and individuals in the financial services act in a more trustworthy manner. Four requirements are identified which together might secure more strongly trustworthy behaviour: the definition of obligations, the identification of responsibilities, the creation of mechanisms which encourage trustworthiness, and the holding to account of those involved in an appropriate manner. Financial reforms at present lack sufficient focus on these requirements, and the book proposes a range of further actions for specific parts of the financial industry.

Base Nation (Hardcover): David Vine Base Nation (Hardcover)
David Vine
R964 R760 Discovery Miles 7 600 Save R204 (21%) Ships in 7 - 11 working days

As David Vine demonstrates, the overseas bases raise geopolitical tensions and provoke widespread antipathy towards the United States. They also undermine American democratic ideals, pushing the U.S. into partnerships with dictators and perpetuating a system of second-class citizenship in territories like Guam. They breed sexual violence, destroy the environment, and damage local economies. And their financial cost is staggering: though the Pentagon underplays the numbers, Vine's accounting proves that the bill approaches $100 billion per year. For many decades, the need for overseas bases has been a quasi-religious dictum of U.S. foreign policy. But in recent years, a bipartisan coalition has finally started to question this conventional wisdom. With the U.S. withdrawing from Afghanistan and ending thirteen years of war, there is no better time to re-examine the tenets of our military strategy. Base Nation is an essential contribution to that debate.

Element Distribution in Some Paleozoic Black Shales and Associated Rocks - Usgs Bulletin 1214-G (Paperback): James David Vine Element Distribution in Some Paleozoic Black Shales and Associated Rocks - Usgs Bulletin 1214-G (Paperback)
James David Vine
R333 Discovery Miles 3 330 Ships in 7 - 11 working days

The United States Geological Survey (USGS) is a scientific organization created in 1879, and is part of the U.S. government. Their scientists explore our environment and ecosystems, to determine the natural dangers we are facing. The agency has over 10,000 employees that collect, monitor, and analyze data so that they have a better understanding of our problems. The USGS is dedicated to provide reliable, investigated information to enhance and protect our quality of life. This is one of their bulletins.

Element Distribution in Some Trough and Platform Types of Black Shale and Associated Rocks - Usgs Bulletin 1214-H (Paperback):... Element Distribution in Some Trough and Platform Types of Black Shale and Associated Rocks - Usgs Bulletin 1214-H (Paperback)
James David Vine
R335 Discovery Miles 3 350 Ships in 7 - 11 working days

The United States Geological Survey (USGS) is a scientific organization created in 1879, and is part of the U.S. government. Their scientists explore our environment and ecosystems, to determine the natural dangers we are facing. The agency has over 10,000 employees that collect, monitor, and analyze data so that they have a better understanding of our problems. The USGS is dedicated to provide reliable, investigated information to enhance and protect our quality of life. This is one of their bulletins.

Understanding First Class Dental Care - A Human Interest Story (Paperback): David Vine D. D. S. Understanding First Class Dental Care - A Human Interest Story (Paperback)
David Vine D. D. S.
R684 Discovery Miles 6 840 Ships in 7 - 11 working days

Maybe this book should have been entitled "Wisdom Tooth," because it relates the author's determination to learn and grow with his advocation as a dentist. The reader will learn what is involved in becoming a dentist. The author clearly explains (with over 380 color photographs) how dental procedures are performed, how people can maintain a healthy mouth (and save money in dental bills) and why disease and deterioration occur. You'll learn how to avoid root canal treatment, how to avoid wearing dentures and how to avoid gum surgery. Also, important information is presented regarding the care of children's teeth and the need for orthodontics. Controversies regarding mercury in "silver" fillings, vitamin and mineral supplements, HMO dentistry, and dental implants are explained. This is a great book for students and health professionals who are interested in science and its relationship to the human body. This book will help you understand First Class Dental Care.

Information, Strategy and Public Policy (Hardcover): David Vines, Andrew Stevenson Information, Strategy and Public Policy (Hardcover)
David Vines, Andrew Stevenson
R877 Discovery Miles 8 770 Ships in 10 - 15 working days

In this volume, some of the world's finest economists address a theme which is once again at the economic policy, namely the appropriate role for policy in a market economy. Can Adam Smith's 'invisible hand' mechanism be expected to allocate resources efficiently to meet the needs of society and is the role of government therefore limited at best? The authors draw on recent theoretical advances in the study of imperfect information and stratgic behavior to argue that the models of classical welfare economics are insufficient as a framework for understaning modern market economies

The first two chapters by joseph Stiglitz and Frank Hahn represent assaults on the fundamental theorems of welfare economics: the notion of pareto-efficiency and the ability of the price mechanism to achieve it. Taking this as their lead, subsequent chapters focus on specific examples of market failure - the environment, the persistence of high levels of unemployment and the strategic behavior of governments in the making of international economic policy.

The book represents a remarkable and accessible insight into the dilemmas of modern economics. It also demonstrates the fundamental role economic analysis has to play in the understanding of real problems and the formulation of appropriate policy.

Tyrant Oidipous - A New Translation of Sophocles's Oedipus Tyrannus (Paperback): Sophocles Tyrant Oidipous - A New Translation of Sophocles's Oedipus Tyrannus (Paperback)
Sophocles; Translated by Rachel Pollack, David Vine
R434 Discovery Miles 4 340 Ships in 7 - 11 working days

Sophocles's 'Oedipus Tyrannus' (also known by its Latin title 'Oedipus Rex') is one of the world's fundamental works of literature, the model for Aristotle's theory of tragedy, and the inspiration for Freud's Oedipus Complex. This new translation, rigorously faithful to Sophocles' words and images, reveals the play in all its dramatic and poetic power, the terrifying story of a man whose idealism and belief in his own ability to uncover secrets destroys himself and everyone he loves. Both a murder investigation and an exploration of the struggle between free will and fate-between rational choice and the oracles of the gods-'Tyrant Oidipous' takes us into the heart of our own deepest mysteries. --- "Rachel Pollack and David Vine have captured on the page the primal sounds of this ancient Greek play in a new translation that is accessible, clear and eminently performable. 'Tyrant Oidipous' is destined for the theatre; the poetry has been crafted with both actor and audience in mind. I expect to see many productions of this very fine translation on the world's stages." (Deborah Brevoort, playwright, 'The Women of Lockerbie') --- "A double mystery, this fresh translation is a crime story and an exploration of fate as Sophocles intended. Taking it back to archaic roots in the original language, Pollack and Vine capture the magnificence of the precise moment mortal lives intersect with the intentions of their gods. 'Oidipous' the play is gorgeous in this unique rendering. Utterly rational, purely poetic, fast-paced storytelling compels the unfolding drama. Don't miss the introductory notes." (Nor Hall, author of 'The Moon & the Virgin')

Europe, East Asia and APEC - A Shared Global Agenda? (Paperback): Peter Drysdale, David Vines Europe, East Asia and APEC - A Shared Global Agenda? (Paperback)
Peter Drysdale, David Vines
R757 Discovery Miles 7 570 Ships in 7 - 11 working days

This book was the first in a major series examining Global Economic Institutions and contrasts regional economic integration in the Asia Pacific Region and in Europe. In the Asia Pacific Region at the time of publication, regionalism was developing by means of 'open regionalism', constructed through the APEC (Asia Pacific Economic Cooperation Process). This was different from the regionalism which had developed in Europe, through the construction of a single European Market and Monetary Union within the European Union. In the light of this contrast, a number of important contemporary policy questions are considered by an international team of contributors. How should Europe and other parts of the world respond to the development of open regionalism in the Asia Pacific Region? Can these regions develop a shared global agenda directed toward sustaining genuinely multilateral solutions to international trade policy problems?

Macroeconomic Interactions between North and South (Paperback): David Currie, David Vines Macroeconomic Interactions between North and South (Paperback)
David Currie, David Vines
R790 Discovery Miles 7 900 Ships in 7 - 11 working days

This volume contains the proceedings of a September 1987 conference organised by the Centre for Economic Policy Research and the International Economics Study Group. The contributors in this volume explore the North-South macroeconomic interactions. The volume will interest those involved in policy debates concerning international debt, the global consequences of macroeconomic policy choices in the North, commodity markets and the economic policies of the less developed countries. It will also form a valuable addition to undergraduate and postgraduate reading lists in trade, finance, international macroeconomics and the economics of developing countries.

North-South Linkages and International Macroeconomic Policy (Paperback): David Vines, David Currie North-South Linkages and International Macroeconomic Policy (Paperback)
David Vines, David Currie
R936 Discovery Miles 9 360 Ships in 7 - 11 working days

Researchers have begun to apply economic techniques initially developed to analyse the industrialised countries to analyse North-South interactions in the world economy. This volume, derived from a CEPR conference, brings together theoretical and empirical papers on fiscal, monetary and trade linkages between the North and South. The papers use the advances in the use of the major macroeconomic models to simulate global and inter-regional interactions, and to analyse the implications for the South of macroeconomic developments in the North. They also examine international policy questions in a genuinely global context, and consider the design of policy packages for the Third World (aid versus trade, growth-oriented adjustment) in an empirical context. This volume provides a useful overview of the flourishing research area relating to interactions between North and South, and highlights areas where future research is needed.

The IMF and its Critics - Reform of Global Financial Architecture (Paperback): David Vines, Christopher L. Gilbert The IMF and its Critics - Reform of Global Financial Architecture (Paperback)
David Vines, Christopher L. Gilbert
R1,294 Discovery Miles 12 940 Ships in 7 - 11 working days

The IMF is the first economic institution in line to protect countries from the effects of financial crises and to insulate the world economy from possible systemic risk. However, many argue that the IMF is insufficiently equipped to do this job, while others argue almost the opposite: the IMF's well-intentioned actions induce other countries to take risks which increase their exposure from both universities and the multilateral agencies, combines rigourous economic analysis with insider perspectives on key policy debates. It analyses the Asian and Argentine financial crises of the late 1990s, issues of policy ownership, the more general quest for financial stability and governance of the IMF. It is an essential reference for anyone interested in the role of international financial institutions in our globalised economy.

The Asian Financial Crisis - Causes, Contagion and Consequences (Paperback, New ed): Pierre-Richard Agenor, Marcus Miller,... The Asian Financial Crisis - Causes, Contagion and Consequences (Paperback, New ed)
Pierre-Richard Agenor, Marcus Miller, David Vines, Axel Weber
R1,425 Discovery Miles 14 250 Ships in 7 - 11 working days

Presents the first theoretical analysis of the Asian financial crisis and draws out the general lessons of an event whose potential long term effects have been likened to those of the Crash of 1929. Part I presents a factual and analytic overview of what happened: the role of 'vulnerability'; the interconnection between currency crises and financial crises; and why crisis turned into collapse. Part II considers more detailed issues, including how the inflation of non-traded goods prices created vulnerability, welfare-reducing capital inflow owing to under-regulated financial markets, and the onset of speculative attacks. Part III assesses all aspects of contagion, in particular the role of geographic proximity. The final section addresses policy issues. Joseph Stiglitz argues that there is much that can be done to reduce the frequency of crises and to mitigate the severity of crises when they happen. The book finishes with a round-table discussion of policy issues.

The Asian Financial Crisis - Causes, Contagion and Consequences (Hardcover): Pierre-Richard Agenor, Marcus Miller, David Vines,... The Asian Financial Crisis - Causes, Contagion and Consequences (Hardcover)
Pierre-Richard Agenor, Marcus Miller, David Vines, Axel Weber
R3,247 Discovery Miles 32 470 Ships in 7 - 11 working days

The first theoretical analysis of the Asian Financial Crisis--perhaps the single most important economic event of the 1990s--starts by presenting a factual and analytic overview of what happened. It goes on to consider why crisis turned into collapse, speculative attacks, and contagion and finishes with a round table discussion of policy issues. The distinguished contributors are from organizations including IMF, the World Bank and the Bank for International Settlements. This is vital reading for policy professionals as well as researchers and graduate students in a wide range of disciplines.

Europe, East Asia and APEC - A Shared Global Agenda? (Hardcover, New): Peter Drysdale, David Vines Europe, East Asia and APEC - A Shared Global Agenda? (Hardcover, New)
Peter Drysdale, David Vines
R2,954 Discovery Miles 29 540 Ships in 7 - 11 working days

This book contrasts regional economic integration in the Asia Pacific Region and in Europe. In the Asia Pacific Region, regionalism is developing by means of "open regionalism," constructed through the APEC (Asia Pacific Economic Cooperation Process). This is different from the regionalism that has developed in Europe through the construction of a single European Market and Monetary Union within the European Union. In the light of this contrast, a number of important contemporary policy questions are considered by an international team of contributors. How should Europe and other parts of the world respond to the development of open regionalism in the Asia Pacific Region? Can these regions develop a shared global agenda directed toward sustaining genuinely multilateral solutions to international trade policy problems over the coming years?

North-South Linkages and International Macroeconomic Policy (Hardcover, New): David Vines, David Currie North-South Linkages and International Macroeconomic Policy (Hardcover, New)
David Vines, David Currie
R2,520 Discovery Miles 25 200 Ships in 7 - 11 working days

In recent years researchers have begun to apply economic techniques - developed to analyze the industrialized countries - to analyze North-South interactions in the world economy. This volume, derived from a CEPR conference, brings together theoretical and empirical papers on fiscal, monetary and trade linkages between the North and South. The papers use the advances in the use of the current major macroeconomic models to simulate global and inter-regional interactions, and to analyze the implications for the South of macroeconomic developments in the North. They also examine international policy questions in a genuinely global context, and consider the design of policy packages for the Third World (aid versus trade, growth-oriented adjustment) in an empirical context. This volume provides a useful overview of the flourishing research area relating to interactions between North and South, and highlights areas where future research is needed.

Macroeconomic Interactions between North and South (Hardcover): David Currie, David Vines Macroeconomic Interactions between North and South (Hardcover)
David Currie, David Vines
R2,231 Discovery Miles 22 310 Ships in 7 - 11 working days

This volume contains the proceedings of a September 1987 conference organised by the Centre for Economic Policy Research and the International Economics Study Group. The contributors in this volume explore the North-South macroeconomic interactions. The volume will interest those involved in policy debates concerning international debt, the global consequences of macroeconomic policy choices in the North, commodity markets and the economic policies of the less developed countries. It will also form a valuable addition to undergraduate and postgraduate reading lists in trade, finance, international macroeconomics and the economics of developing countries.

Capital Failure - Rebuilding Trust in Financial Services (Hardcover): Nicholas Morris, David Vines Capital Failure - Rebuilding Trust in Financial Services (Hardcover)
Nicholas Morris, David Vines
R2,449 Discovery Miles 24 490 Ships in 7 - 11 working days

Adam Smith's 'invisible hand' relied on the self-interest of individuals to produce good outcomes. Economists' belief in efficient markets took this idea further by assuming that all individuals are selfish. This belief underpinned financial deregulation, and the theories on incentives and performance which supported it. However, although Adam Smith argued that although individuals may be self-interested, he argued that they also have other-regarding motivations, including a desire for the approbation of others. This book argues that the trust-intensive nature of financial services makes it essential to cultivate such other-regarding motivations, and it provides proposals on how this might be done. Trustworthiness in the financial services industry was eroded by deregulation and by the changes to industry structure which followed. Incentive structures encouraged managers to disguise risky products as yielding high returns, and regulation failed to curb this risk-taking, rent-seeking behaviour. The book makes a number of proposals for reforms of governance, and of legal and regulatory arrangements, to address these issues. The proposals seek to harness values and norms that would reinforce 'other-regarding' behaviour, so that the firms and individuals in the financial services act in a more trustworthy manner. Four requirements are identified which together might secure more strongly trustworthy behaviour: the definition of obligations, the identification of responsibilities, the creation of mechanisms which encourage trustworthiness, and the holding to account of those involved in an appropriate manner. Financial reforms at present lack sufficient focus on these requirements, and the book proposes a range of further actions for specific parts of the financial industry.

The World Bank - Structure and Policies (Paperback, New ed): Christopher L. Gilbert, David Vines The World Bank - Structure and Policies (Paperback, New ed)
Christopher L. Gilbert, David Vines
R1,519 Discovery Miles 15 190 Ships in 7 - 11 working days

The World Bank is dedicated to the promotion of sustainable economic development and to poverty reduction throughout the developing world. It faces new challenges as capital shortages are replaced by large but volatile capital flows. The contributors to this volume argue that the Bank's greatest asset is its accumulated knowledge and experience of the development process, and propose that it organise itself around the concept of a 'Knowledge Bank'. They propose a shift in priority, away from lending with conditionality imposed on borrowing governments, towards assistance to governments in devising good development strategies. Part I examines the existing structure of the Bank and considers the World Bank as an institution. In Part II the effectiveness of World Bank assistance is evaluated. This book provides essential reading for politicians, civil servants, workers in the non-official sector, and academics and students involved or interested in the development process.

The IMF and its Critics - Reform of Global Financial Architecture (Hardcover, New): David Vines, Christopher L. Gilbert The IMF and its Critics - Reform of Global Financial Architecture (Hardcover, New)
David Vines, Christopher L. Gilbert
R3,127 Discovery Miles 31 270 Ships in 7 - 11 working days

Written by leading economists including Nobel laureate Joseph Stiglitz, this collection combines rigorous economic analysis with insider perspectives on key policy debates surrounding the future of the International Monetary Fund. As the role of the IMF and the "Washington Consensus" have come under intense scrutiny, this collection offers a valuable wide-ranging overview of the debate, making it an essential reference for anyone interested in the role of international financial institutions in our globalized economy.

The World Bank - Structure and Policies (Hardcover): Christopher L. Gilbert, David Vines The World Bank - Structure and Policies (Hardcover)
Christopher L. Gilbert, David Vines
R3,653 Discovery Miles 36 530 Ships in 7 - 11 working days

The World Bank is dedicated to the promotion of sustainable economic development and to poverty reduction throughout the developing world. The contributors to this volume argue the Bank's greatest asset is its accumulated knowledge and experience of the development process, and propose that it organize itself around the concept of a "Knowledge Bank." Part I examines the World Bank as an institution, examining its structure. In Part II the effectiveness of World Bank assistance is evaluated.

Integrity in the Public and Private Domains (Hardcover, New): Alan Montefiore, David Vines Integrity in the Public and Private Domains (Hardcover, New)
Alan Montefiore, David Vines
R3,791 Discovery Miles 37 910 Ships in 7 - 11 working days


Integrity in the Private and Public Domains explores the issue of public and private integrity in politics, the media, health, science, fund-raising, the economy and the public sector.
Over twenty essays by well-known figures such as Amelie Rorty, David Vines, the late Hugo Gryn, Alan Montefiore and Hilary Lawson present a compelling insight into debates over integrity today.
A key chapter of the book concerns the highly publicised donation to Oxford University by Gert-Rudolf Flick, an issue which attracted wide media attention by raising questions of fund-raising and the holocaust.

Macroeconomic Policy - Inflation, Wealth and the Exchange Rate (Hardcover): Martin Weale, Andrew Blake, Nicos Christodoulakis,... Macroeconomic Policy - Inflation, Wealth and the Exchange Rate (Hardcover)
Martin Weale, Andrew Blake, Nicos Christodoulakis, James E. Meade, David Vines
R3,643 Discovery Miles 36 430 Out of stock

This analysis of macroeconomic policy, originally published in 1989, argues that key government objectives, such as reduced inflation, decreased unemployment and an adequate level of national saving can be achieved only by employing both monetary and fiscal policies, in conjunction with supply-side policies expressly designed to improve the workings of the labour market. Part 1 is a comparative analysis showing the effects of monetary and fiscal policy on the economy. Real-wage rigidity in the labour market is shown to have important consequences for the working of both types of policy, because it conditions the economy's response to tax changes. Part 2 presents an econometric model which combines consistent stock-flow accounts with a full range of expectational effects. Part 3 presents an innovative technique for solving rational expectations models with the need for arbitary terminal conditions.

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