ABBA PTACHYA LERNER

His argument was that the government role in the economy was to maintain full employment and to hold inflation in check. His argument was that if these to things should be done whatever the government did to maintain that was fine. Today, we argue about every aspect of the economy and many believe that full employment and inflation control are contradictory. He would have both and make the other things give. No government has ever yet tried his approach though he was very popular amongst libertarian and free market economists.

His argument was that the government role in the economy was to maintain full employment and to hold inflation in check. His argument was that if these to things should be done whatever the government did to maintain that was fine. Today, we argue about every aspect of the economy and many believe that full employment and inflation control are contradictory. He would have both and make the other things give. No government has ever yet tried his approach though he was very popular amongst libertarian and free market economists.