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9781403994585

Applying the Dismal Science When Economists Give Advice to Governments

by ;
  • ISBN13:

    9781403994585

  • ISBN10:

    1403994587

  • Format: Hardcover
  • Copyright: 2006-03-17
  • Publisher: Palgrave Macmillan
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Summary

This collection shows what went wrong in UK economic policy-making in the 1960s and 1970s, what goes better now, and what still goes wrong. The editors explain how recent developments in economic theory have improved economic policy making.

Table of Contents

List of Figures and Tables
vi
Foreword vii
Martin Wolf
Preface viii
Notes on Contributors xi
Introduction: Public Finance, Public Choice, and Political Economy
1(23)
Iain McLean
Colin Jennings
1964--79
24(19)
Peter Jay
Fiscal Policy in the United Kingdom
43(12)
Alan Budd
The Use and Abuse of Economics and Social Science with Special Reference to Transport Policy
55(19)
Christopher Foster
New Labour and New Social Democracy
74(22)
Iain McLean
Stability, Growth, and Labour's Macroeconomic Policy
96(29)
Ed Balls
Macroeconomic Policy: Theory and Institutional Practice
125(32)
Christopher Allsopp
The United Kingdom as Monetary and Fiscal Union
157(24)
Mark H. Robson
Using and Abusing Economic Theory
181(29)
Paul Klemperer
Conclusion 210(5)
Colin Jennings
Iain McLean
References 215(13)
Index 228

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