Abstract
This chapter begins the search for a successful economic policy — for the means of realising the macroeconomic potential documented in the last three chapters. The sensible place to start is with present policies. Why are they failing?
‘The state has no business in the bedrooms of its citizens.’
PIERRE TRUDEAU
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References
What follows draws on the analysis of Richard R. Barichello, The Economics of Canadian Dairy Industry Regulation, Technical Report E/I 2, Economic Council of Canada (Ottawa, 1981).
E. Malinvaud, Statistical Methods of Econometrics (North-Holland, 1968), chapter 4.
Robert E. Lucas, Jr, ‘Econometric Policy Evaluation: A Critique’, in K. Brunner and A. H. Meltzer (eds), The Phillips Curve and Labor Markets (North-Holland, 1976).
G. Fromm et al., ‘Federally-Supported Mathematical Models: Survey and Analysis’, Washington, DC, National Science Foundation RANN-C-804 (June 1974).
For an interesting account of these matters, see J. K. Galbraith, The Age of Uncertainty (BBC/Deutsch, 1977) chapter 7.
For an analysis of rent controls in Ontario, see Richard Arnott, with Nigel Johnston, Rent Controls and Options for Decontrol in Ontario, Ontario Economic Council, Policy Studies Series No. 2 (Toronto, 1981).
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© 1984 Tim Hazledine
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Hazledine, T. (1984). The Principles of Appropriate Policy-making. In: Full Employment without Inflation. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-17697-7_10
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DOI: https://doi.org/10.1007/978-1-349-17697-7_10
Publisher Name: Palgrave Macmillan, London
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