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Hayek on Full Employment and Inflation by Alexandre is a document available to read on EtoBox.
What is Hayek on Full Employment and Inflation about?
- F.A. Hayek argues that policies aimed at achieving "full employment" through monetary expansion will inevitably lead to inflation and increased government controls over the economy. - "Full employment" has come to mean maintaining the highest possible short-term employment through monetary pressures, rather than achieving a stable long-term level of employment. - Unemployment is not always due to an overall lack of demand, but can result from a mismatch between the distribution of labor and the distri
- Author
- Alexandre
- Language
- EN