Controlled Economy (Routledge Revivals)

<p>First published in 1971 this volume applies the tools of static and of dynamic analysis (outlined in <em>The Stationary Economy </em>and <em>The Growing Economy</em>) to the control of a dynamic economy. This involves a discussion of subjects such as the theory of indicative planning and the planning by the government of its monetary fiscal and incomes policies for the purposes of the short-run stabilization of the economy and of ensuring the best long-run use of the community's resources. Special emphasis is laid on the planning of such policies in conditions in which many future events remain inevitably uncertain. </p><p>This book considers these issues in relation to a competitive free-enterprise economy; and little or no reference is made to problems of monopoly or of distinctions between social and private costs and benefits due to indivisibilities and externalities in economic life. </p>