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Economic Recovery for Canada: A Policy Framework

by John Cornwall

2021-02-03 17:43:44

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In Economic Recovery for Canada, economists John Cornwall and Wendy Maclean argue that monetarists arrived at an incorrect explanation of inflation--and its cure--by adopting outdated assumptions from neoclassical economics.Against the background of ... Read more
In Economic Recovery for Canada, economists John Cornwall and Wendy Maclean argue that monetarists arrived at an incorrect explanation of inflation--and its cure--by adopting outdated assumptions from neoclassical economics.

Against the background of the economic recession of the early 1980s, the authors propose a four-part framework for recovery to rival the monetarist policy of deregulation and spending cuts: a tax-based incomes policy to control inflation; stimulation of the economy to achieve full employment; innovative investment in industry; and Japanese-style management reforms to enhance productivity.

Economic Recovery in Canada is an incisive contribution to the vital economic debates of a crucial period in Canadian history. Less

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ISBN9780888627087
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John Cornwall
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