Nice Work If You Can Get It: Life and Labor in Precarious

Format: Hardcover

Language: English

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Policy makers came to believe that they faced a stable trade-off between the twin evils of unemployment and inflation and sought to choose the combination that maximized social welfare. This misdiagnosis was never corrected in any way that made much difference, and the price levels of 1929 did not return until after 1942. But Leftist politics will never make its peace with capital. Explain the reallocation effect of inflation and identify the winners and losers.

Pages: 272

Publisher: NYU Press; First Edition, 1st Printing edition (April 1, 2009)

ISBN: 0814776299

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