Arestis, Philip; Antoni, Elisabetta De - Dipartimento di Economia e Management, Università … - 2007
fiscal policy has been downgraded. The latter is rarely mentioned in policy discussion, apart from arguing to place limits on … fiscal policy is even more important and effective. Government intervention is not only necessary to reach and maintain full … employment; it is also indispensable to contain capitalism’s instability and to avoid the disaster. The effect of fiscal policy …