PROSPERITY AND PUBLIC SPENDING by Edward Nell ( 9780415571043 )

Item Details

Title:

PROSPERITY AND PUBLIC SPENDING
TRANSFORMATIONAL GROWTH AND THE ROLE OF GOVERNMENT

By:

Edward Nell

Format:

Hardback

List price:

£150.00

Our price:

£135.00

Discount:

10% off

You save:

£15.00

ISBN 10:

0415571049

ISBN 13:

9780415571043

Availability:

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Stock:

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Publisher:

TAYLOR & FRANCIS LTD

Pub. date:

22 October, 2009

Series:

Routledge Revivals

Pages:

290

Description:

Contends that the failure of Keynesian economics has been due to its timidity. This title states that far from contracting, the government must expand its powers and activities, in order to achieve and maintain economic prosperity.

Synopsis:

In a dramatic and well-argued challenge to the prevailing wisdom, Prosperity and Public Spending, first published in 1988, contends that the failure of Keynesian economics has been due to its timidity. Far from contracting, the government must expand its powers and activities, in order to achieve and maintain economic prosperity. The need for such expansion arises from the fact that the system has developed from a craft-based economy to a mass-production network with sophisticated international finance. This "transformational growth" brings about irreversible and sometimes devastating changes, requiring government action. Professor Nell argues that a lack of government action in the decade prior to the book's initial publication was responsible for the stagnation of the economy and he asserts that this could only be overcome by a determined policy intervention and the political will to achieve dominance over private capital.

Illustrations:

Illustrations

Publication:

Imprint:

Routledge

Returns:

Returnable

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