in Cambridge Journal of Economics
January 2007; p ublished online December 2006 .
Journal Article. Subjects: International Economics; Microeconomics; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Labour and Demographic Economics; History of Economic Thought; Capitalist Systems; Industrial Organization. 12534 words.
This paper examines the neoliberal claim that the only way to achieve sustainable growth and full employment is to abandon Keynesian macroeconomic management and the welfare state and bring...