Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey

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Edward Elgar, Jan 1, 2004 - Business & Economics - 141 pages
'This collection of Vickrey's writings is primarily concerned with macro policy issues, and thus includes some of his lesser-known work. It is a collection that Bill would have wanted to get out to the public because he felt that a solid macro policy was necessary to create a foundation of equity and efficiency before one can even start talking about micro policy.' - From the preface by David Colander, Middlebury College, US Collecting Nobel Laureate William S. Vickrey's articles on macroeconomic theory and policy written towards the end of his career, this volume demonstrates his enduring commitment to full employment and price stability, and his rejection of conventional macroeconomic theorizing. William Vickrey never lost hope that sensible macroeconomic policy could be understood and implemented, a faith inspired by his humanistic vision of a better world for all and his belief that common sense would ultimately prevail. Advocating sensible economic policies, this collection will offer much of value to heterodox and orthodox economists, graduate economics students and also policymakers.

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A Disquisition

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About the author (2004)

William S. Vickrey was formerly the McVickar Professor of Political Economy, Columbia University, US and Nobel Laureate in Economics 1996.

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