000			01922cam a22003494a 4500
001			2002035303
003			DLC
005			20151013135843.0
008			020918s2003 maua 101 0 eng
010			_a 2002035303
020			_a1843761114
020			_a9781843761112
040			_aDLC _cDLC _dDLC
050	0	0	_aHJ192.5 _b.R48 2003
082	0	0	_a339.5 _222
245	0	0	_aReinventing functional finance : _btransformational growth and full employment / _cedited by Edward J. Nell, Mathew Forstater.
260			_aNorthhampton, MA : _bEdward Elgar Pub., _c2003.
300			_axiv, 347 p. : _bill. ; _cm.
500			_aIncludes index.
500			_aPapers presented at a conference held in the Spring of 1998 at the New School for Social Research.
520			_aThis ambitious book seeks both to revive and revise the idea of 'functional finance'. Followers of this doctrine believe that government budgets should concentrate solely on their macroeconomic impact on the economy, rather than reflecting a concern for sound finance and budgetary discipline. Reinventing Functional Finance examines the origins of this idea and then considers it in a modern context. The authors explore the concept of NAIRU and argue that modern economies can operate at the level of full employment without provoking unmanageable inflation. They also contend that budget deficits do not have the deleterious effects commonly ascribed to them; the belief that they do rests on a misunderstanding of modern money.
590			_arpm 02/05/13
591			_aLoans
650		0	_aMonetary policy _vCongresses.
650		0	_aInflation (Finance) _vCongresses.
650		0	_aFull employment policies _vCongresses.
650		0	_aFiscal policy _vCongresses.
700	1		_aForstater, Mathew, _d1961-
700	1		_aNell, Edward J.
856	4	1	_3Table of contents _uhttp://www.loc.gov/catdir/toc/fy042/2002035303.html
942			_2ddc _cBOOK
999			_c761 _d761