O'Reilly logo

The 21st-Century Case for a Managed Economy: The role of disequilibrium, feedback loops and scientific method in post-crash economics by Sean Harkin

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

9. Harmful Effects of Counter-Cyclical Policy

From everything we have discussed thus far, it should be clear that an economy without any central management would likely be highly unstable. But, precisely because of the importance of good policy in maintaining stability, bad economic management can be nearly as dangerous as the absence of any meaningful control at all. The purpose of this chapter is to discuss the ways in which the managerial responsibilities of government can be executed poorly, and to review the consequences that can follow from this. After all, part of good management entails anticipating and avoiding potential errors.

Drowning in Red Tape

The idea that regulation always places an onerous and unnecessary burden on free ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required