Macroeconomic Policy and a Living Wage is popular PDF and ePub book, written by Donald R. Stabile in 2018-10-29, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Macroeconomic Policy and a Living Wage can be Read Online from any device for your convenience.
Macroeconomic Policy and a Living Wage Book PDF Summary
This book offers a new interpretation of the Employment Act of 1946. It argues that in addition to Keynesian economics, the idea of a living wage was also part of the background leading up to the Employment Act. The Act mandated that the president prepare an Economic Report on the state of the economy and how to improve it, and the idea of a living wage was an essential issue in those Economic Reports for over two decades. The author argues that macroeconomic policy in the USA consisted of a dual approach of using a living wage to increase consumption with higher wages, and fiscal policy to create jobs and higher levels of consumption, therefore forming a hybrid system of redistributive economics. An important read for scholars of economic history, this book explores Roosevelt’s role in the debates over the Employment Act in the 1940s, and underlines how Truman’s Fair Deal, Kennedy’s New Frontier and Johnson’s Great Society all had the ultimate goal of a living wage, despite their variations of its definition and name.
Detail Book of Macroeconomic Policy and a Living Wage PDF
- Author : Donald R. Stabile
- Release : 29 October 2018
- Publisher : Springer
- ISBN : 9783030019983
- Genre : Business & Economics
- Total Page : 303 pages
- Language : English
- PDF File Size : 20,9 Mb
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