Economic stability in a changing world

By:

Williams, John H

Material type: Text

TextPublication details: New York; Oxford University Press; 1953Description: 285 pSubject(s):

Economics

DDC classification:

330.9 WIL

Summary: The central theme of the book is the relation of economic theory to public policy. Economic theorists have always, I believe, had eco nomic policy as their objective, even if their policy were merely laissez faire. The increased importance of the role of government in our complex modern society has greatly heightened this emphasis. Yet I have long been preoccupied with the limitations of traditional theory as a guide to policy, and from this point of view have been more impressed by the essential similarity in method of classical and Keynesian economics than by the differences in the conclusions reached. I have felt, too, that the current attempts to 'dynamize' static equilibrium analysis suffer from much the same kinds of limi tations. Some of the essays in this book are largely concerned with the nature of my discontent. I hope, however, that they will not be found merely negative.

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Holdings
Item type	Current library	Call number	Status	Date due	Barcode	Item holds
Books	Gandhi Smriti Library	330.9 WIL (Browse shelf(Opens below))	Available		924

Total holds: 0

The central theme of the book is the relation of economic theory to public policy. Economic theorists have always, I believe, had eco nomic policy as their objective, even if their policy were merely laissez faire. The increased importance of the role of government in our complex modern society has greatly heightened this emphasis. Yet I have long been preoccupied with the limitations of traditional theory as a guide to policy, and from this point of view have been more impressed by the essential similarity in method of classical and Keynesian economics than by the differences in the conclusions reached. I have felt, too, that the current attempts to 'dynamize' static equilibrium analysis suffer from much the same kinds of limi tations. Some of the essays in this book are largely concerned with the nature of my discontent. I hope, however, that they will not be found merely negative.

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