Can We Prevent Inflation and Still Achieve Full Employment?

Paul Davidson

Chapter Chapter 6 in Who's Afraid of John Maynard Keynes?, 2017, pp 63-79 from Springer

Abstract: Abstract Since every price in the marketplace is s reflection of someone’s income, any anti-inflation policy must be designed to constrain increases costs and therefore people’s money income. Controlling the money supply to prevent inflation is the classical solution. An incomes policy tht constrains inflationary demand of workers for higher money wages without any increase in labor productivity is a Keynes policy.

Date: 2017
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DOI: 10.1007/978-3-319-64504-9_6

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