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Meaningfully Defining Deficits and Debt

In: Full Employment and Price Stability

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  • William Vickrey

Abstract

Collecting Nobel Laureate William S. Vickrey’s articles on macroeconomic theory and policy written towards the end of his career, this volume demonstrates his enduring commitment to full employment and price stability, and his rejection of conventional macroeconomic theorizing. William Vickrey never lost hope that sensible macroeconomic policy could be understood and implemented, a faith inspired by his humanistic vision of a better world for all and his belief that common sense would ultimately prevail.

Suggested Citation

  • William Vickrey, 2004. "Meaningfully Defining Deficits and Debt," Chapters, in: Mathew Forstater & Pavlina R. Tcherneva (ed.), Full Employment and Price Stability, chapter 4, pages 27-32, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:3110_4
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    Cited by:

    1. Marc Lombard, 2000. "Restrictive Macroeconomic Policies and Unemployment in the European Union," Review of Political Economy, Taylor & Francis Journals, vol. 12(3), pages 317-332.
    2. Mathew Forstater, 1999. "Savings-Recycling Public Employment: An Assets-Based Approach to Full Employment and Price Stability," Macroeconomics 9908003, University Library of Munich, Germany.
    3. Zdravka Todorova, 2013. "Connecting social provisioning and functional finance in a post-Keynesian–Institutional analysis of the public sector," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 10(1), pages 61-75.
    4. Mathew Forstater, 1999. "Savings-Recycling Public Employment: An Assets-Based Approach to Full Employment and Price Stability," Economics Working Paper Archive wp_273, Levy Economics Institute.
    5. Steven M. Fazzari, "undated". "The Investment-Finance Link, Investment and U.S. Fiscal Policy in the 1990s," Economics Public Policy Brief Archive 9, Levy Economics Institute.
    6. Harald Uhlig, 1998. "Capital Income Taxation and the Sustainability of Permanent Primary Deficits," Palgrave Macmillan Books, in: Steven Brakman & Hans Ees & Simon K. Kuipers (ed.), Market Behaviour and Macroeconomic Modelling, chapter 12, pages 309-337, Palgrave Macmillan.
    7. Per Gunnar Berglund, 2001. "Equality and Enterprise: Can Functional Finance Offer a New Historical Compromise?," SCEPA working paper series. 2001-01, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
    8. Uhlig, H.F.H.V.S., 1997. "Capital Income Taxation and the Sustainability of Permanent Primary Deficits," Other publications TiSEM c1ae3c26-2aab-4f49-9c3d-8, Tilburg University, School of Economics and Management.

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    Keywords

    Economics and Finance;

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