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The Goals of Macroeconomic Policy

The Goals of Macroeconomic Policy by Martin Prachowny
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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.
Taylor and Francis; November 2012
232 pages; ISBN 9781134841431
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Title: The Goals of Macroeconomic Policy
Author: Martin Prachowny
 
ISBNs
0203028023
9780203028025
9780415107631
9781134841417
9781134841431