Abstract
Economists have lost their nerve. Faced with the collapse, under the onslaught of simultaneous inflation, unemployment, and chronic deficits, of the structure of policy activism built on foundations laid by John Maynard Keynes, the economics profession is, almost en bloc, scurrying back to the caves of its traditional laissez-faire fatalism.
‘May you live in interesting times.’
OLD CHINESE CURSE
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© 1984 Tim Hazledine
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Hazledine, T. (1984). Introduction and Summary. In: Full Employment without Inflation. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-17697-7_1
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DOI: https://doi.org/10.1007/978-1-349-17697-7_1
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-36984-5
Online ISBN: 978-1-349-17697-7
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