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The Political Myopia of Economic Activism
Author(s) -
Wood Geoffrey
Publication year - 1987
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.1987.tb01856.x
Subject(s) - politics , term (time) , intervention (counseling) , economics , monetarism , political economy , sociology , keynesian economics , political science , monetary policy , psychology , law , physics , psychiatry , quantum mechanics
Should long‐term money targets be abandoned in favour of a more interventionist approach to the management of the economy? Professor Geoffrey Wood, of the City University Business School in London, distinguishes the long‐term importance of monetarist theory from the short‐sighted unreliability of political intervention.