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The Goals of Macroeconomic Policy
Posted on 2010-04-13
|  |
Author: Marti Prachowny
Publisher: Routledge (1994) Binding: Hardcover, 228 pages pricer: $200.00 ISBN-10: 0415107636 editorialreviews analyzes why governments so rarely achieve their economic goals, asserting that full employment should not be the primary objective of economic policy. He shows that Pareto optimality--the guiding principle of policy evaluation--does not apply to macroeconomic policies and that full employment is essentially a political aim. The book's topical and controversial thesis emphasizes that individuals differ in their ``property'' rights to a job and that this heterogeneity produces conflict in the labor market. checked
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