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Essays on economic policy options for combating inflation and reducing unemployment in view of attaining full employment in the USA - discusses alternative policy measures in respect of incomes policy, wage policy, price policy and price stabilization, fiscal policy, monetary policy, employment policy and productivity policy, and proposes a system for statistical analysis in which hourly earnings, unit labour costs, productivity and prices are treated symmetrically. References.
In this highly acclaimed, provocative book, Robert Kuttner disputes the laissez-faire direction of both economic theory and practice that has been gaining in prominence since the mid-1970s. Dissenting voices, Kuttner argues, have been drowned out by a stream of circular arguments and complex mathematical models that ignore real-world conditions and disregard values that can't easily be turned into commodities. With its brilliant explanation of how some sectors of the economy require a blend of market, regulation, and social outlay, and a new preface addressing the current global economic crisis, Kuttner's study will play an important role in policy-making for the twenty-first century. "The best survey of the limits of free markets that we have. . . . A much needed plea for pragmatism: Take from free markets what is good and do not hesitate to recognize what is bad."—Jeff Madrick, Los Angeles Times "It ought to be compulsory reading for all politicians—fortunately for them and us, it is an elegant read."—The Economist "Demonstrating an impressive mastery of a vast range of material, Mr. Kuttner lays out the case for the market's insufficiency in field after field: employment, medicine, banking, securities, telecommunications, electric power."—Nicholas Lemann, New York Times Book Review "A powerful empirical broadside. One by one, he lays on cases where governments have outdone markets, or at least performed well."—Michael Hirsh, Newsweek "To understand the economic policy debates that will take place in the next few years, you can't do better than to read this book."—Suzanne Garment, Washington Post Book World
America's Soluble Problems , while recognising the many successes of the US economy, analyses its well known problems with a fresh new approach. Are slow growth, stagnant living standards for many, increasing poverty for those worst off, the hollowing out of much US manufacturing, balance of payments and fiscal deficits, all inevitable? America's Soluble Problems argues that they are not, and that entirely achievable changes in macro - economic policy could transform the prospects for the US economy and for most American citizens.
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‘Exactly what is needed for the thoughtful student. It introduces the different skills required in economics.’ --G.C. Harcourt, Cambridge University
Publishes in-depth articles on labor subjects, current labor statistics, information about current labor contracts, and book reviews.