Creating a Prosperous Full Employment Economy

Paul Davidson

Chapter Chapter 5 in Who's Afraid of John Maynard Keynes?, 2017, pp 55-62 from Springer

Abstract: Abstract Government must develop policies that assures market demand spending is increasing sufficient to induce managers of enterprises to hire the currently unemployed. This chapter explains specific government fiscal and monetary policies to create enough market demand to produce a fully employed economy. The implications for deficit spending and the growth of the national debt is analyzed.

Keywords: Full Employment Economy; Spending Deficits; Deficit Hawks; Private Sector Spending; Steep Recession (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-319-64504-9_5

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DOI: 10.1007/978-3-319-64504-9_5

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