Description
This book has two main objectives: firstly to further the debate between monetarist, Keynesian and supply-side views of economic theory; secondly to analyse and compare the empirical experiences of the economic policies of the six major industrialized countries of the 1980s. The volume opens with an outstanding contribution from the Nobel Laureate, James Tobin, followed by two survey articles. Section 2 presents a debate on the relevance of the Keynesian contribution in the 1980s which includes analysis by Walter Eltis and several distinguished Italian economists. The core of the book is found in section 3 where essays focus on the national economic policies of the six leading industrial countries, the USA, Japan, Germany, France, the UK and Italy.