Introduction and Summary

Tim Hazledine

Chapter 1 in Full Employment without Inflation, 1984, pp 1-10 from Palgrave Macmillan

Abstract: Abstract Economists have lost their nerve. Faced with the collapse, under the onslaught of simultaneous inflation, unemployment, and chronic deficits, of the structure of policy activism built on foundations laid by John Maynard Keynes, the economics profession is, almost en bloc, scurrying back to the caves of its traditional laissez-faire fatalism.

Keywords: Private Sector; Monetary Policy; Full Employment; Economic Affair; Macroeconomic Performance (search for similar items in EconPapers)
Date: 1984
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-17697-7_1

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DOI: 10.1007/978-1-349-17697-7_1

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