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Proposal for a Governed Economy

In: Full Employment without Inflation

Author

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  • Tim Hazledine

Abstract

This is the third of three chapters concerned with building a foundation of principles on which successful economic policies can be built. In chapter 10, it was argued that policies should be ‘appropriate’— that is, the policy-making institution, its goals, and its policy instruments must all be on the same ‘level’ in the economy. This implies that national governments should confine themselves to high-level instruments and goals. Examples of the latter are easy enough to identify. Appropriate and important goals are: full employment, price stability, and the productive use of all the economy’s resources. These are the ‘big numbers’ that we all wish to add-up better.

Suggested Citation

  • Tim Hazledine, 1984. "Proposal for a Governed Economy," Palgrave Macmillan Books, in: Full Employment without Inflation, chapter 12, pages 93-101, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-17697-7_12
    DOI: 10.1007/978-1-349-17697-7_12
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