The Mixed Economy

Prue Kerr

Chapter 5 in Selected Essays on Economic Policy, 2001, pp 81-95 from Palgrave Macmillan

Abstract: Abstract All ideological camps of the Australian Labor Party (ALP) are reconciled, some more happily than others, to the fact that in the foreseeable future an ALP government will be operating within the context of a mixed economy, that is to say, an economy in which the public sector plays a central role in determining the overall level of activity and the composition of national output. This reconciliation raises problems both for the extent and nature of this public sector intervention and for short-run and longer-run policies appropriate to the major economic problems of Australia. These are problems manifest in some form in most developed capitalist countries.

Keywords: Exchange Rate; Monetary Policy; Private Capital; Investment Expenditure; Effective Demand (search for similar items in EconPapers)
Date: 2001
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DOI: 10.1057/9780230510562_5

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