Macroeconomic Policy After the Conservative Era: Studies in Investment, Saving and Finance Hardcover - 1995
by Gerald A. Epstein; Herbert M. Gintis
First line
In recent years, economic policy in the United States, Great Britain, and other developed third world economies has been based on a set of conservative principles of dubious validity.
From the rear cover
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.
Details
- Title Macroeconomic Policy After the Conservative Era: Studies in Investment, Saving and Finance
- Author Gerald A. Epstein; Herbert M. Gintis
- Binding Hardcover
- Edition First Edition
- Pages 484
- Volumes 1
- Language ENG
- Publisher Cambridge University Press, Cambridge
- Date 1995-12-14
- ISBN 9780521462907 / 0521462908
- Weight 1.83 lbs (0.83 kg)
- Dimensions 9.31 x 6.26 x 1.23 in (23.65 x 15.90 x 3.12 cm)
- Library of Congress subjects Economic policy, Finance
- Library of Congress Catalog Number 94039765
- Dewey Decimal Code 339.5
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