Reinventing Functional Finance - Transformational Growth and Full Employment

Name: Reinventing Functional Finance - Transformational Growth and Full Employment
Brand: Edward Elgar Publishing Ltd
SKU: 9781843761112
Price: 4326 CZK
Availability: InStock

Autor: Edward J. Nell, Mathew Forstater

Jazyk:

Vazba: Pevná

Vydavatel: Edward Elgar Publishing Ltd

Dostupnost: Skladem u dodavatele

Odesíláme za 14-20 dnů

4 326 Kč

This ambitious study seeks both to revive and to revise the idea of "functional finance". Followers...

Informace o knize

Autor

Edward J. Nell, Mathew Forstater

Jazyk

Angličtina

Vazba

Kniha - Pevná

Vydáno

2003

Stránek

368

EAN

9781843761112

Enbook ID

04855174

Vydavatel

Edward Elgar Publishing Ltd

Hmotnost

668

Rozměry

156 x 234 x 25

Kompletní popis

This ambitious study seeks both to revive and to revise the idea of "functional finance". Followers of this doctrine believe that government budgets should concentrate solely on the macroeconomic impact on the economy, rather than reflecting a concern for sound finance and budgetary discipline. "Reinventing Functional Finance" examines the origins of this idea, and then considers it in a modern context. The authors explore the concept of NAIRU and argue that modern economies can operate at the level of full employment without provoking unmanageable inflation. They also contend that budget deficits do not have the deleterious effects commonly ascribed to them; the belief that they do rests on a misunderstanding of modern money. In this context, they highlight the relevance of Abba Lerner's famous dictum, "money is a creature of the State". The authors also debate the merits of various proposals for "Employer of Last Resort" programmes, which combine automatic stabilizers with the buffer stock principle.

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Reinventing Functional Finance - Transformational Growth and Full Employment

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