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Full Description
The book explores whether fiscal policies can secure full employment without inflation, one of the key questions in economics after Keynes.
Part 1, General Theory of Public Finance and Fiscal Policy, discusses Ends and Means in economic policy. The results of this ends-means analysis are applied to fiscal policy. Part 2, Microeconomics, deals with the impact of fiscal measures on the behaviour of the individual household, firm and other organization, concentrating on the effects on consumption and saving. Part 3, Macroeconomics, considers how the problem of keeping the price-level constant and the labour market in equilibrium at full employment may be solved by means of fiscal and monetary measures. Problems connected with the volume of investments and the balance of payments are considered simultaneously.
Contents
PART I 1. Ends and Means in Economic Policy 2. The Means of Fiscal Policy 3. The Balance of the Budget 4. Economic Fluctuations and the Budget 5. On Incidence 6. A Classification of the Means of Fiscal Policy PART II 7. Planning by Households 8. The Effects of Taxation on the Consumption and Saving Plans of Households 9. Further Observations on Fiscal Policy and Household Planning 10. The Importance of Fiscal Policy for Planning by Firms 11. Organization and Fiscal Policy PART III 12. Stable Value of Money and Full Employment 13. Neutral Fiscal Policy 14. Direct versus Indirect Taxation 15. Fiscal policy and Internal Disturbances 16. Long-Term Problems of Fiscal Policy 17. Fiscal Policy and Wage Policy 18. Views on Fiscal Policy and Foreign Trade Full Employment and a Stable Value of Money in a World of Uncertainty
