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Promoting Growth and Welfare in a Changing Europe: Economic Analysis and Policy

In: John Kenneth Galbraith and the Future of Economics

Author

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  • Jean-Luc Gaffard

Abstract

The problem that is common to all European economies is how to maintain full employment, social achievements and levels of welfare. The common answer is growth and innovation, that is, access to the most advanced technologies — the way to revamp the growth process. As to achieving this, there is today a prevailing consensus, derived mainly from unfavourable comparison with the performance of the US economy, which consists in promoting the emergence of a new institutional framework and enhancing potential growth rates.

Suggested Citation

  • Jean-Luc Gaffard, 2005. "Promoting Growth and Welfare in a Changing Europe: Economic Analysis and Policy," Palgrave Macmillan Books, in: Blandine Laperche & Dimitri Uzunidis (ed.), John Kenneth Galbraith and the Future of Economics, chapter 11, pages 142-162, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-52370-8_12
    DOI: 10.1057/9780230523708_12
    as

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