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The State and the Economic Process
Belgian-Dutch Association for Post-Keynesian Studies
How can economic policies be designed - and redesigned - to increase growth and reduce unemployment in developing, developed and transitional economies? In The State and the Economic Process, a distinguished group of economists provides - through a comparison of postwar economic performance and policies - sound analytical support and historical evidence in favour of vigorous market guiding policies. These include targeting strategic industries, carefully managing both market collusion and competition, promoting environmentally sound technical change, and managing foreign trade and investment. The papers featured in this volume address such issues as widespread unemployment in the OECD, the deep and protracted contraction in the transitional economies, and the large variety in growth performance in developing countries. The authors go beyond the usual advocacy of the market as the solution to most economic problems, while avoiding the stale controversy over 'market failure' versus 'government failure'.
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What Reviewers Are Saying
'... generally well-written and stimulating.' -- John Bennett, Journal of Comparative Economics '... there is a long comprehensive introductory essay by the two editors on the global crisis of the 1990s. This is a thoughtful and stimulating piece in the best post Keynesian tradition, and will by itself be a good reason to buy this book. However, the general standard of other essays is also very high and the book constitutes an appropriate tribute to mark the Rotterdam Centre's silver anniversary.' -- Ajit Singh, The Economic Journal