{"product_id":"macroeconomic-policy-after-the-conservative-era-studies-in-investment-saving-and-finance-hardback-9780521462907","title":"Macroeconomic Policy after the Conservative Era; Studies in Investment, Saving and Finance (Hardback) 9780521462907","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eMacroeconomic Policy after the Conservative Era\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eStudies in Investment, Saving and Finance\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003eThis book arguing that policies which foster economic equality can also promote economic efficiency.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eGerald A. Epstein (Author), Herbert M. Gintis (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780521462907, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 14 December 1995\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e484 pages\u003cbr\u003e22.9 x 15.2 x 3.2 cm, 0.83 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e\"This book deserves careful study both by those who believe in the conservative macro policy consensus and by those who question it, both of whom will be stimulated by this volume to do more research either to test or extend the results published here.\"    Robert A. Blecker, Journal of Economiv Litertaure\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eA conservative approach to economic growth has dominated policy circles for close to two decades. This approach holds that the key to restoring economic growth lies in reducing the size and role of government in the market economy through deregulation of the financial sector, privatization, and lower taxes. The contributors to this 1995 book argue that the principles of 'trickle down' economics are of dubious validity, and have led to economic stagnation, high unemployment, and increasing inequality. They develop a fresh perspective on macroeconomic policy, one affirming that egalitarian and democratic economic structures are not only compatible with economic revival, but in fact offers sustainable growth of living standards. Their alternative recognizes that markets have an important role to play, but only within the framework of macroeconomic stability, corrections of market failures, and egalitarian rules of the game.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePart I. Introduction: 1. Macroeconomic policies for sustainable growth Gerald Epstein and Herbert Gintis\u003cbr\u003e 2. Stability, in egalitarianism and stagnation: an overview of the advanced capitalist countries in the 1980s Andrew Glyn\u003cbr\u003e Part II. Savings, Investment and Employment: 3. Putting the horse (back) before the cart: disentangling the macro relationship between investment and saving David M. Gordon\u003cbr\u003e 4. US national saving and budget deficits Robert Eisner\u003cbr\u003e 5. Wages, aggregate demand, and employment in an open economy: a theoretical and empirical investigation Samuel Bowles and Robert Boyer\u003cbr\u003e PART III. The Determinants of Investment: Profits, Demand, Debt, and Expectations: 6. Investment and profitability: the evidence from the advanced capitalist countries V. Bhaskar and Andrew Glyn\u003cbr\u003e 7. Expectations and  investment: an economic defense of animal spirits Christopher Heye\u003cbr\u003e 8. Private investment and debt overhang in Latin America Manuel Pastor\u003cbr\u003e Part IV. Finance and Accumulation: Efficiency and Instability: 9.  Financial innovation, deregulation, and Minsky cycles Peter Skott\u003cbr\u003e 10. Financial liberalization, capital rationing, and the informal sector in developing countries J. Mohan Rao\u003cbr\u003e 11. International profit rate equalization and investment: an empirical analysis of integration, instability, and enforcement Gerald A. Epstein\u003cbr\u003e 12. Growth, distribution, and the rules of the game: left structuralist macro foundations for a democratic economic policy David Gordon\u003cbr\u003e 13. A dual agency approach to state and market Gerald Epstein and Herbert Gintis\u003cbr\u003e 14. Escaping the efficiency equity trade-off: productivity-enhancing asset redistributions Samuel Bowles and Herbert Gintis.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Macroeconomics [\u003ca title=\"See our other books on Macroeconomics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Macroeconomics%20%5BKCB%5D%22\"\u003eKCB\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46007569121560,"sku":"9780521462907","price":64.79,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9780521462907i_775986c8-f094-4215-b6f1-f5e3ef9ea6ac.jpg?v=1691382481","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/macroeconomic-policy-after-the-conservative-era-studies-in-investment-saving-and-finance-hardback-9780521462907","provider":"Freshly Printed Books","version":"1.0","type":"link"}