A Supply-Side Agenda for Germany: Sparks from - the United - download pdf or read online

By Professor Dr. Gerhard Fels, Dr. George M. von Furstenberg (auth.), Professor Dr. Gerhard Fels, Dr. George M. von Furstenberg (eds.)

ISBN-10: 3642742777

ISBN-13: 9783642742774

ISBN-10: 3642742785

ISBN-13: 9783642742781

This e-book bargains with supply-side economics and the wanted reorientation it should carry to West German coverage. The switch, prompt after looking research, could upload as much as an total method for liberating markets, for elimination government-imposed distortions, and for utilizing free-market ways to right distortions imposed via strain teams. the method might pierce Germany's state-supported encrustations and corporatism. it should equip the rustic to persist with the lead of the USA and nice Britain in beginning to get away from the tangle during which taxes, rules, and unemployment have grown in step. the upcoming crowning glory of the ecu inner marketplace in 1992 provides urgency to this task.

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Extra info for A Supply-Side Agenda for Germany: Sparks from - the United States - Great Britain - European Integration

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Equality and Efficiency. : The Brookings Institution, 1975. 44 Olson, Mancur, The Rise and Decline of Nations, New Haven: University Press, 1982. und Manz: Koh1hammer, 1976. , The Zero-Sum Society: Distribution and Possibilities for Economic Change, New York: Basic Books, 1980. 45 Zusammenfassung (Hans-Peter Frohlich) Verglichen mit den Vereinigten Staaten oder GroBbritannien hat die Bun~esrepublik einen erheblichen Nachholbedarf in Sac hen angebotsseitiger Revitalisierung der Wirtschaft. Vor all em drei Hindernisse stehen einem starker wachstumsorientierten wirtschaftspolitischen Kurs im Wege: (1) die Struktur des politischen Systems in der Bundesrepublik, die die Politiker dazu verleitet, Verteilungsgesichtspunkten eine hohere Prioritat beizumessen als Effizienzaspekten; (2) sich andernde Einstellun- gen und Haltungen ("Wertewandel") innerhalb der Gesellschaft mit der Konsequenz, daBhohes Wirtschaftswachstum flir breite Bevolkerungsschichten heute weniger dringlich und attraktiv erscheint als fruher; (3) Abwesenheit einer unmittelbaren okonomischen Krisensituation, was es schwer macht, die Politikverantwortlichen und die Wahler von der Notwendigkeit einer tiefgehenden wirtschaftlichen Reform zu liberzeugen.

K. demand, y, required to give current account balance (assumed to be an equilibrium requirement). K. products improve), this raises the real exchange rate, e; this in turn raises the product real wage facing firms (that is, the wage relative to the firm's product price) for any given consumption real wage enjoyed by workers (that is, the wage relative to the consumer price index). This occurs because the price of domes- 52 tic output goes up on average relative to that of foreign output; while only the former price concerns the home producer as his reward for producing, the foreign price enters the consumption basket of the worker.

S. K. who regard productivity growth as a key to high employment. In a way, the Germans still seem to be under the sway of the old Marxian pessimism. A~ is well known, Marx argued that capital accumulation leads to increasing productivity that, in turn, must result in mass unemployment. Absence of a Crisis Situation The third obstacle to far-reaching supply-side reform is the fact that the economy, on balance, seems to be in fairly good shape. The German public is not being stirred from its complacency by any truly alarming economic news.

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A Supply-Side Agenda for Germany: Sparks from - the United States - Great Britain - European Integration by Professor Dr. Gerhard Fels, Dr. George M. von Furstenberg (auth.), Professor Dr. Gerhard Fels, Dr. George M. von Furstenberg (eds.)


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