Purpose – Focussing on the historical experience, the purpose of this paper is to argue the need for change in the design and implementation of social policies in order to overcome the stalemate of the last two or three decades. Design/methodology/approach – Starting with the social measures...

Purpose – The purpose of this paper is to discuss the work of Bismarck in relation to social legislation. Design/methodology/approach – Bismarck's points of views are sketched mainly through quotations from his speeches in Parliament. His position regarding social protection is discussed and...

Purpose – The purpose of this paper is to discuss the work of Bismarck in relation to social legislation. Design/methodology/approach – Bismarck's points of views are sketched mainly through quotations from his speeches in Parliament. His position regarding social protection is discussed and...

Purpose – Focussing on the historical experience, the purpose of this paper is to argue the need for change in the design and implementation of social policies in order to overcome the stalemate of the last two or three decades. Design/methodology/approach – Starting with the social measures...

Presents a paper by Lauchlin Currie on the stabilization of purchasing power through the use of public credit which was originally delivered at the American Economic Association Meeting at Chicago Distribution of Purchasing Power and Business Fluctuations Round Table on December 30, 1936.

Presents Lauchlin Currie' views on the monetary aspects of the excess reserves problem which he gave at a board meeting on May 18, 1936.

Presents Lauchlin Currie's views on public spending as a means to recovery which originally appeared in a memorandum of April 6, 1936.

Looks at the excess reserves of 1937 in the USA, which were well over $2 billion. Discusses what criterion can be used to determine the adequacy or excessiveness of the volume of money and what the prospects would be for further expansion if no action were taken. Concludes that on balance,...