Год выпуска: 2011 Автор: Iulia Igescu Издательство: LAP Lambert Academic Publishing Страниц: 124 ISBN: 9783844302462
Описание
Stimulus policies or poor relief? That is the main government role dilemma. The goal of this book is to look into economic institutions less visited by economics: labor bonding. They are specific to Europe, both in the East and in the West. Unlike Keynesian government expenditures that stimulate current consumption (acting as a form of poor relief), bonding expenditures increase consumption indirectly through improved agents productivity (acting as an instrument of economic growth in the long run). Agents become healthier, better educated, have better working conditions. I extend the boundaries of economic growth theory and argue that a government can positively influence the wealth of an economy if it moves away from poor relief spending and concentrates instead on spending to increase agents'' productivity, on stimulus policies. However, in this new century European bonding has to move towards a new equilibrium. While countries in West Europe should reduce some of...
