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- W2491301920 abstract "This chapter will argue that government policy has caused the economic problems of OECD countries; that OECD governments were mistaken in restraining the growth of private and public consumption while boosting the growth of capital formation; and that these policies had the perverse effect of curtailing productivity growth. Governments justified their policies in terms of the need to fight inflation in order to restore the potential for economic growth. This chapter will argue that the reduced potential for growth is a self-inflicted and self-perpetuating wound." @default.
- W2491301920 created "2016-08-23" @default.
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- W2491301920 date "1995-01-01" @default.
- W2491301920 modified "2023-09-28" @default.
- W2491301920 title "Economic Growth and the Distribution of Income" @default.
- W2491301920 doi "https://doi.org/10.1007/978-1-349-23705-0_13" @default.
- W2491301920 hasPublicationYear "1995" @default.
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