Keynesianism in One Country
Lester Thurow, 1 September 1983
Macroeconomics
by Wynne Godley and Francis Cripps.
Oxford, 315 pp., £9.95, May 1983,0 19 215358 7 Show More
by Wynne Godley and Francis Cripps.
Oxford, 315 pp., £9.95, May 1983,
“... Godley and Cripps devote their first seven seven pages to acknowledging the storms that are raging around the subject of macroeconomics. Deteriorating economic performances, and monetarists, ‘converted’ governments ‘to the idea that it was impossible for them to control output and unemployment. All they could do, the new story went, was create conditions (including the elimination of inflation) in which enterprise could flourish ... ”