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Macroeconomic considerations in the choice of an agricultural policy : a study into sectoral interdependence with reference to India
Authors: ---
ISBN: 9051701519 Year: 1992 Publisher: Amsterdam Thesis publ.


Book
Macroeconomics beyond the NAIRU
Authors: ---
ISBN: 0674062272 0674063244 9780674063242 9780674062276 Year: 2012 Publisher: Cambridge, Mass. : Harvard University Press,

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Abstract

Economists and the governments they advise have based their macroeconomic policies on the idea of a natural rate of unemployment. Government policy that pushes the rate below this point-about 6 percent-is apt to trigger an accelerating rate of inflation that is hard to reverse, or so the argument goes. In this book, Storm and Naastepad make a strong case that this concept is flawed: that a stable non-accelerating inflation rate of unemployment (NAIRU), independent of macroeconomic policy, does not exist. Consequently, government decisions based on the NAIRU are not only misguided but have huge and avoidable social costs, namely, high unemployment and sustained inequality.Skillfully merging theoretical and empirical analysis, Storm and Naastepad show how the NAIRU's neglect of labor's impact on technological change and productivity growth eclipses the many positive contributions that labor and its regulation make to economic performance. When these positive effects are taken into account, the authors contend, a more humane policy becomes feasible, one that would enhance productivity and technological progress while maintaining profits, thus creating conditions for low unemployment and wider equality.


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Reclaiming development studies : essays for Ashwani Saith
Authors: --- ---
ISBN: 1785279971 178527998X 1785279963 Year: 2021 Publisher: London : Anthem Press,

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Abstract

This book aims to reclaim the mission, relevance and intellectual orientation of development studies - something that is increasingly challenged from different directions. Confronted by the status quoist enterprise of randomized control trials (RCTs) on the one hand and the radical endeavour to decolonize dominant knowledge systems (decoloniality) on the other, the study of development as an enduring societal ambition needs urgent revival.

The essays featured in this book build on the contributions of Ashwani Saith - an ardent critic of development orthodoxy and who at the same time is not ready to give up on the emancipatory potential of the development project. Written by leading scholars in the field, the essays touch upon many of the key questions of development studies centred around structural change, labour and poverty and inequality. They also highlight the continued necessity to ground the study of development processes in a critical political economy approach while interrogating the quick-fixes touted by the mainstream discourse on development.

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