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Full Employment and Growth

Further Keynesian Essays on Policy

By (author) James Tobin
Format: Hardback
Publisher: Edward Elgar Publishing Ltd, Cheltenham, United Kingdom
Published: 7th Jun 1995
Dimensions: w 234mm h 156mm d 20mm
Weight: 619g
ISBN-10: 185898372X
ISBN-13: 9781858983721
Barcode No: 9781858983721
Synopsis
Full Employment and Growth presents James Tobin's unique modern Keynesian slant on the major monetary, fiscal and international policy issues of the 1990s. More than twenty recent essays collected together in this volume address the major contemporary issues of macroeconomic policy, especially in America. Usually dissenting from the orthodoxies of the day, both liberal and conservative, Professor Tobin offers a common sense, unhysterical view of public deficits and debt, speaks for pragmatic monetary policies, argues against protectionism and favours slowing down the speculative movement of funds between currencies. The author also presents his own suggestions for reform of social security and health care. Again and again, Professor Tobin warns against blind faith that the markets will always produce optimal results. All those interested in the application of economic analysis and argument to the salient policy issues of our time will find these essays eminently readable and will appreciate the clear ways in which the power of economic analysis is explained and used.

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'The essays are permeated with that upsurge of optimism and spirit. Long may Jim Tobin continue to instruct and inspire us.' -- G.C. Harcourt, The Manchester School 'The style is lucid and very readable and all mathematical formalization is left out. An impressive and important book, it is highly recommended to all.' -- Tareen Hussain, The Economic Journal