ABSTRACT

The book explores whether fiscal policies can secure full employment without inflation, one of the key questions in economics after Keynes.

Part 1, General Theory of Public Finance and Fiscal Policy, discusses Ends and Means in economic policy. The results of this ends-means analysis are applied to fiscal policy. Part 2, Microeconomics, deals with the impact of fiscal measures on the behaviour of the individual household, firm and other organization, concentrating on the effects on consumption and saving. Part 3, Macroeconomics, considers how the problem of keeping the price-level constant and the labour market in equilibrium at full employment may be solved by means of fiscal and monetary measures. Problems connected with the volume of investments and the balance of payments are considered simultaneously.

part |2 pages

PART I. GENERAL THEORY OF FISCAL POLICY

chapter I|27 pages

Ends and Means in Economic Policy

chapter II|11 pages

The Means of Fiscal Policy

chapter III|26 pages

The Balance of the Budget

chapter IV|23 pages

Economic Fluctuations and the Budget

chapter V|11 pages

On Incidence

part |2 pages

PART II. MICRO-ECONOMICS OF FISCAL POLICY

part |2 pages

PART III. MACRO-ECONOMICS OF FISCAL POLICY

chapter XII|14 pages

Stable Value of Money and Full Employment

chapter XIII|31 pages

Neutral Fiscal Policy

chapter XIV|19 pages

Direct versus Indirect Taxation

chapter XV|22 pages

Fiscal policy and Internal Disturbances

chapter XVI|19 pages

Long-Term Problems of Fiscal Policy

chapter XVII|68 pages

Fiscal Policy and Wage Policy

chapter XVIII|42 pages

Views on Fiscal Policy and Foreign Trade