Macroeconomic Policy After the Conservative Era: Studies in Investment, Saving and Finance

The contributors to this book challenge the conventional wisdom of both free market and big government approaches to economic policy. They argue that policies that foster economic equality can also promote economic efficiency and growth. The record of "trickle down" economic policies is examined, and a new perspective is developed that recognizes that markets have an important role to play, but only within the framework of macroeconomic stability, corrections of market failures, and egalitarian rules of the game.