Achieving Full Employment: The Case of the Faint-hearted Entrepreneurs

Tim Hazledine

Chapter 16 in Full Employment without Inflation, 1984, pp 135-142 from Palgrave Macmillan

Abstract: Abstract It would be good to beat inflation. But perhaps the biggest benefit of a direct anti-inflation policy would be its contribution to an even more important goal — reducing unemployment. In sharp and welcome contrast to monetarism, which has used increases in unemployment to bludgeon down price increases, price controls would set the stage for drastically reduced unemployment rates.

Keywords: Aggregate Demand; Full Employment; Demand Management; Phillips Curve; Price Control (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_16

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DOI: 10.1007/978-1-349-17697-7_16

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