ISSN:
1572-9982
Source:
Springer Online Journal Archives 1860-2000
Topics:
Economics
Notes:
Summary The author points out that the review article of Schouten's new book by J. Pen (see De Economist 1968, nr. 1, p. 16) is largely based on misapprehensions, and he refutes Pen's objections. Schouten pursues primarily an integration of monetary and non-monetary growth and trade cycle theories. Volume I is devoted to the trade cycle in a growing economy, and the conclusion drawn from the analysis is that a complete stabilization of the cycle is usually impossible. Schouten points out that, in times of structural inflation, an advanced anti-boom policy will be more effective than the conventional anti-recession policy. Furthermore, he believes that a combination of wage and investment policies is better than the traditional fiscal policy. Volume II treats the structural aspects. It is mainly concerned with the costs of structural policy, and with the problem of the possibilities and impossibilities of such a policy. Here, too, it is concluded that a co-ordination of wage and investment policies is the most important instrument.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1007/BF01463609
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