Political Aspects of Full Employment
Political Aspects of Full Employment
复制标题
充分就业的政治方面
DOI：
10.4324/9781315495811-4
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发表时间：
2021
期刊：
影响因子：
--
通讯作者：
M. Kalecki
中科院分区：
文献类型：
--
作者：
M. Kalecki
If the government undertakes public investment (e.g. builds schools, hospitals, and highways) or subsidizes mass consumption (by family allowances, reduction of indirect taxation, or subsidies to keep down the prices of necessities), and if, moreover, this expenditure is financed by borrowing and not by taxation (which could affect adversely private investment and consumption), the effective demand for goods and services may be increased up to a point where full empolyment is achieved. Such government expenditure increases employment, be it noted, not only directly but indirectly as well, since the higher incomes caused by it result in a secondary increase in demand for consumer and investment goods.
