Unemployment Develops Because Money Doesn’t Grow on Trees

Greg Davidson and Paul Davidson
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Greg Davidson: National Aeronautics and Space Administration

Chapter 6 in Economics for a Civilized Society, 1988, pp 117-133 from Palgrave Macmillan

Abstract: Abstract A war of words is better than a real war because it inflicts less suffering on society. In economics, however, controversy generated by confusion and the misuse of language can often produce policies which inflict terrible — and needless — cruelties on many unfortunate members of society. Nowhere is this more obvious than when the subjects are money, unemployment, and inflation.

Keywords: Civilized Society; Banking System; Money Supply; Full Employment; Bank Credit (search for similar items in EconPapers)
Date: 1988
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Chapter: Unemployment Develops because Money doesn’t Grow on Trees (1996)
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DOI: 10.1007/978-1-349-19244-1_6

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