The Goals of Macroeconomic Policy

The Goals of Macroeconomic Policy
Author :
Publisher : Routledge
Total Pages : 113
Release :
ISBN-10 : 9781134841431
ISBN-13 : 1134841434
Rating : 4/5 (434 Downloads)

Book Synopsis The Goals of Macroeconomic Policy by : Martin Prachowny

Download or read book The Goals of Macroeconomic Policy written by Martin Prachowny and published by Routledge. This book was released on 2012-11-12 with total page 113 pages. Available in PDF, EPUB and Kindle. Book excerpt: Politicians win elections by promising 'Jobs! Jobs! Jobs!' but in practice these promises quickly fall by the wayside. The Goals of Macroeconomic Policy asks why. It begins with the observation that there is no convincing economic argument that full employment should be the primary objective of economic policy in all circumstances. In the light of this it examines whcy policy has failed so consistantly. It explains this by a theory of the labour market which shows why most workers are happy to operate in a way which militates against full employment. It then proceeds to analyse the rather dire consequences of this for the budget deficit.


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