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The Economics of Supply and Demand
註釋Lawrence Klein, winner of the 1980 Nobel Prize in Economic Sciences, makes a compelling case for the integration of supply and demand in economic analysis and policy. He shows how supply side factors enter macroeconomics and interact with demand side factors and maintains that only by constructing a model which brings together the total forces of supply and demand can one devise policies to affect the economic issues. Although the eschews as too shallow the current treatment of supply side economics, which concentrates on tax cuts as an incentive, he spotlights the neglect of supply factors as the cause of the present unproductive obsession with fiscal and monetary policy. He advocates the protection of the environment, the supply of raw materials and the improvement of human skills. ISBN 0-8010-3095-8 : $17.50.