Philosophy Dictionary of ArgumentsHome
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| Economic policies: Economic policy refers to government measures to manage the economy. It includes decisions on monetary policy, taxes, trade and regulations aimed at promoting growth, stability and distributive justice. See also economy, interventions, interventionism, politics._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Keynesianism on Economic Policies - Dictionary of Arguments
Mause I 57 Economic policy/Keynesianism: Keynesianism interprets the observed negative correlation between the unemployment rate and the rate of inflation in such a way that economic policy could buy low unemployment at the price of high inflation, on the theoretical basis of Keynes' stated downward rigidity of nominal wages: if real wages are too high and there is therefore unemployment, but a reduction in nominal wages is excluded, then real wages can only be reduced to a level compatible with full employment by raising the price level, i.e. by pursuing an expansive monetary policy. >Economic cycle, >Government debt, >Taxation, >Monetary policy, >Macroeconomics, >Money supply._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Keynesianism Mause I Karsten Mause Christian Müller Klaus Schubert, Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018 |
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> Counter arguments against Keynesianism
> Counter arguments in relation to Economic Policies
Ed. Martin Schulz, access date 2024-04-20