| Macroeconomic Policy After the Conservative Era: Studies in Investment, Saving and Finance Contributor(s): Epstein, Gerald A. (Editor), Gintis, Herbert (Editor) |
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ISBN: 0521462908 ISBN-13: 9780521462907 Publisher: Cambridge University Press OUR PRICE: $110.20 Product Type: Hardcover - Other Formats Published: January 1996 Annotation: A conservative approach to economic growth has dominated policy circles for close to two decades. This approach holds that the key to restoring economic growth lies in reducing the size and role of government in the market economy through deregulation of the financial sector, privatization, and lower taxes. The contributors to this book argue that the principles of "trickle down" economics are of dubious validity, and have led to economic stagnation, high unemployment, and increasing inequality. They develop a new perspective on macroeconomic policy, one affirming that egalitarian and democratic economic structures are not only compatible with economic revival, but in fact offer the best hope for sustainable growth of living standards. Their alternative recognizes that markets have an important role to play, but only within the framework of macroeconomic stability, corrections of market failures, and egalitarian rules of the game. |
| Additional Information |
| BISAC Categories: - Business & Economics | Economics - Macroeconomics - Business & Economics | Economics - General |
| Dewey: 339.5 |
| LCCN: 94039765 |
| Physical Information: 1.23" H x 6.26" W x 9.31" (1.83 lbs) 484 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: The contributors to this book challenge the conventional wisdom of both free market and big government approaches to economic policy. They argue that policies that foster economic equality can also promote economic efficiency and growth. The record of trickle down economic policies is examined, and a new perspective is developed that recognizes that markets have an important role to play, but only within the framework of macroeconomic stability, corrections of market failures, and egalitarian rules of the game. |