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The crisis of orthodox macroeconomic policy : the case for a renewed commitment to full employment

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  • Muqtada, M.

Abstract

Critically reviews the macroeconomic experiences of the past three decades to argue the case against orthodox macroeconomics. Suggests that the prevailing orthodoxy in macroeconomics needs to give way to an alternative policy paradigm in which the Copenhagen commitment on full employment, subsequently incorporated as a Millennium Development Goal, plays a central role. The global recession of 2008-2009 reinforces the potency of this proposition.

Suggested Citation

  • Muqtada, M., 2010. "The crisis of orthodox macroeconomic policy : the case for a renewed commitment to full employment," ILO Working Papers 994562813402676, International Labour Organization.
    • Handle: RePEc:ilo:ilowps:994562813402676
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    Cited by:

    1. Kanyenze, Godfrey. & Lapeyre, Frédéric,, 2012. "Growth, employment and decent work in Namibia : a situation analysis," ILO Working Papers 994686623402676, International Labour Organization.
    2. Muqtada, Muhammed., 2015. "Challenges of price stability, growth and employment in Bangladesh : role of the Bangladesh Bank," ILO Working Papers 994873053402676, International Labour Organization.
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    6. John Komlos, 2016. "Unemployment in a Just Economy," CESifo Working Paper Series 5974, CESifo.
    7. Epstein, Gerald., 2015. "Development central banking : a review of issues and experiences," ILO Working Papers 994881283402676, International Labour Organization.

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