« Once the production of public policy is seen as an ordinary - TopicsExpress



          

« Once the production of public policy is seen as an ordinary type of economic activity, much of what might appear otherwise to be the failures of macroeconomic policy are not truly failures at all, but rather the understandable consequences of the pursuit of political interest within a particular institutional order. Consequently, inflation, unemployment, diminishing progress and the like are treated not as the result of stupidity, error, or unforeseeable events, but rather as either directly desirable income or as a by-product of the pursuit of desired income », Wagner said.
Posted on: Tue, 23 Sep 2014 21:35:27 +0000

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