Memos to the President: A Guide Through Macroeconomics for the Busy Policymaker - Brossura

Schultze, Charles L.

Brossura

ISBN 10: 0815777779 ISBN 13: 9780815777779

Casa editrice: Brookings Inst Pr, 1993

Riassunto

When policymakers are in need of economic advice, professional economists are never far away. Policymakers, journalists, and citizens all rely on experts to explain various economic developments and policy proposals. While it is fortunate that experts are close at hand, those concerned with choosing or evaluating economic policies should themselves have an understanding of how the economy works. Unfortunately, many policymakers and interested citizens currently lack such knowledge; and they need to know at the least the basics of macroeconomics to make informed decisions on their own. In this insightful book, Charles L. Schultze employs an imaginative format for explaining to busy policymakers and citizens how the economy works and what issues are likely to affect macroeconomic policy. He imagines that the next president has promised to devote one hour a week to learning about key economic principles and has asked the chairman of the Council of Economic Advisers for instruction. The book is written as a series of memos to the president on the principles and policy issues that should be understood before making macroeconomic policy judgements. A former chairman of the Council of Economic Advisers himself, Schultze clearly explains the key relationships as a background for policy decisions—relationships among domestic and foreign economic forces, and government policies and economic outcomes. The memos rely heavily on the use of real-world examples from recent economic events and policy debates. They focus principally on such policy-related issues as inflation, unemployment, long-term economic growth, and the flow of international trade and capital. The series of short, easy-to-read memos is divided into three groups: the first presents the background, explaining why it is particularly important for policymakers to distinguish between those economic forces that affect total demand in the economy and those that affect total supply; the second addresses the problem of economic stability; and the third looks at long-term economic growth.

Su questo libro

L'autore:

Charles L. Schultze is a senior fellow in the Economic Studies program at Brookings. He was chairman of the Council of Economic Advisers during the Carter administration and director of the U.S. Bureau of the Budget during the Johnson administration.

Product Description:

Whether as politician, journalist, or concerned citizen, those who make judgments about how government policies are likely to affect the performance of the economy need to understand how the economy works. Otherwise, they are left with half-remembered college courses and a collection of slogans, myths, and rules-of-thumb that are often wrong. In this new book, Charles Schultze employs an unusual format for explaining to busy policymakers and interested citizens how the US economy works. He imagines that an incoming President has decided to set aside time each week to learn about the economy and has asked his Chairman of the Council of Economic Advisors to provide him with a series of memos devoted to that purpose. In these memos, Schultze seeks to explain the key economic relationships as a background for making macroeconomic policy judgments-relationships among domestic and foreign economic forces, and government policies and economic outcomes. The memos rely heavily on the use of real-world examples from recent economic events and policy debates. They focus principally on such policy-related issues as inflation, unemployment, long-term economic growth, and the flow of international trade and capital. The memos are divided into three sections: the first set lays the background, explaining why it is particularly important for policymakers to distinguish between those economic forces which affect total demand in the economy and those which affect total supply; the second addresses the problem of economic stability; and the third looks at long-term economic growth.

Su questa edizione

• Editore: Brookings Inst Pr
• Data di pubblicazione: 1993
• ISBN 10: 0815777779
• ISBN 13: 9780815777779
• Rilegatura: Copertina flessibile
• Numero di pagine: 320