Abstract
The previous chapters provide a vantage point from which it is now possible to assess the policy changes which need to be made to deal with the low growth rates and high unemployment from which the West suffers. The issue is whether there is a common cause for these deficiencies which could be rectified by nothing more complicated than altering macro-economic policies in entirely manageable ways.
‘No great improvements in the lot of mankind are possible, until a great change takes place in the fundamental constitution of their modes of thought.’
John Stuart Mill
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Notes
Pages 261 and 262 in Peddling Prosperity by Paul R. Krugman. New York and London: W.W. Norton & Co., 1994.
See Rethinking International Trade by Paul R. Krugman, Cambridge, Mass. and London: MIT Press, 1994, for a full discussion of this topic.
Well described in The State We’re In by Will Hutton. London: Vintage, 1995.
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© 2000 John Mills
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Mills, J. (2000). The Future. In: Managing the World Economy. Palgrave Macmillan, London. https://doi.org/10.1057/9780333977842_9
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DOI: https://doi.org/10.1057/9780333977842_9
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