The Management of the British Economy
The continual argument about the management of the British economy since the war has been confused by widespread misunderstanding, both about the effects of government measures and about the way in which the economy in fact behaves. The publication of Mr J. C. R. Dow’s book1 should serve to remove much, if not of the confusion, at any rate of the excuse for it. It is the fruit of many years of research, mainly at the National Institute of Economic and Social Research, and is by far the best documented and argued work which has appeared in this field. It will undoubtedly become a leading textbook in applied economics.
KeywordsMonetary Policy Fiscal Policy Productive Potential Excess Demand Personal Consumption
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