Abstract
It would be good to beat inflation. But perhaps the biggest benefit of a direct anti-inflation policy would be its contribution to an even more important goal — reducing unemployment. In sharp and welcome contrast to monetarism, which has used increases in unemployment to bludgeon down price increases, price controls would set the stage for drastically reduced unemployment rates.
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References
See the paper by Chang, Hilton and Yaseen in K. D. Patterson and Kerry Schott (eds), The Measurement of Capital: Theory and Practice (Macmillan, 1979).
For a collection of papers evaluating various employment-creating programs, see Eli Ginzberg (ed), Employing the Unemployed (Basic Books, 1980).
For a survey, see John L. Palmer (ed), Creating Jobs: Public Employment Programs and Wage Subsidies (Brookings, 1978).
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© 1984 Tim Hazledine
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Hazledine, T. (1984). Achieving Full Employment: The Case of the Faint-hearted Entrepreneurs. In: Full Employment without Inflation. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-17697-7_16
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DOI: https://doi.org/10.1007/978-1-349-17697-7_16
Publisher Name: Palgrave Macmillan, London
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