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Lending a Hand; The Role of Government
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 400 no. 8750 (Sep. 2011)
,
page 15-17.
Topik:
International
;
Economic Planning
;
Employment
;
Regulation
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.68
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
The great delusion of a Great Moderation caught on not least because it let those in charge feel they had solved one of the toughest questions of political economy: what is the proper role of government? A combination of free and flexible markets, including for labour, and an independent central bank to keep money sound seemed to have delivered the multiple alchemies of permanently low unemployment, low inflation and an end to the business cycle. Yet the financial crash and the subsequent jobs crisis have thrown the question wide open again. There is now a renewed debate about the pros and cons of labour-market flexibility, with doubts being aired by the OECD, which had long championed it.
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