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The Magic Money Tree and Other Economic Tales (Comparative Political Economy) - Softcover

Forni, Lorenzo

 
9781788213653: The Magic Money Tree and Other Economic Tales (Comparative Political Economy)
Softcover
ISBN 10: 1788213653 ISBN 13: 9781788213653
Verlag: Agenda Publishing, 2021

Inhaltsangabe

Lorenzo Forni examines the tension between economics and politics and considers why so many mistakes in economic policy-making are made for political reasons

In an age of uncertainty, voters look to politicians for protection and support and politicians are all too eager to cater to those needs by using the state budget, trade policy and monetary policy to prop up labour markets and the wider economy and, in turn, enhance their own approval ratings. However, such short-term economic gains to ensure electoral success, Forni argues, frequently spell disaster. Ignoring budget constraints can result in longer-term recession and economic downturns, which can then incur painful austerity measures to bring the economy back into balance.

Forni looks at the many unsustainable economic policies that have been implemented to create more wealth, greater well-being and to satisfy voters when the economic realities - there is no magic money tree! - would recommend a different and more prudent economic course.

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Über die Autorin bzw. den Autor

Lorenzo Forni is Professor of Economic Policy at the University of Padua and Head of Prometeia Associazione. He has worked at the International Monetary Fund in Washington and at the Central Bank of Italy in Rome.

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Verlag
Agenda Publishing
Erscheinungsdatum
2021
Sprache
Englisch
ISBN 10 
1788213653
ISBN 13 
9781788213653
Einband
Taschenbuch
Anzahl der Seiten
174
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Verantwortliche Person
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