Full employment and growth : further keynesian essays on policy / James Tobin.

List of figures, vii -- List of tables, viii -- Acknowledgements, ix -- Preface, xi -- Part I. Macroeconomic policy, 5 -- 1. The invisible hand in modern macroeconomics, 5 -- 2. An old Keynesian counterattacks, 17 -- 3. Current controversy in macroeconomics: the four schools, 33 -- 4. Introduction to the Kennedy reports (with Robert M. Solow), 43 -- 5. Okun's Law: how policy and research helped each other, 56 -- 6. On Crotty's critique of q-theory (with William Brainard), 66 -- 7. Review of 'Stabilizing an unstable economy' by Hyman P. Minsky, 72 -- Part II. Monetary policy, 81 -- 8. Monetary policy, 81 -- 9. The case for preserving regulatory distinctions, 90 -- 10. Monetary policies in the 1980s, 104 -- 11. Monetary policies in the 1980s and beyond, 110 -- 12. Statement on monetary policy, 119 -- 13. Remarks on international considerations for US monetary policy in the near term, 124 -- 14. Statement on Federal Reserve reform proposals, 129 -- Part III. Fiscal policy, 139 -- 15. Legacies of Reaganomics, 139 -- 16. Statement on the federal budget deficit, 147 -- 17. Policy for recovery and growth, 154 -- 18. Thinking straight about fiscal stimulus and deficit reduction, 157 -- Part IV. International economic relations, 169 -- 19. One or two cheers for the invisible hand, 169 -- 20. Nation states and the Wealth of Nations: challenges and opportunities in an ever more interdependent world, 181 -- 21. Prospects for prosperity and growth in democratic capitalist economies, 190 -- 22. On living and trading with Japan: United States commercial and macroeconomic policies, 200 -- 23. The international monetary system: pluralism and interdependence, 221 -- Part V. Social policy, 231 -- 24. Poverty in relation to macroeconomic trends, cycles and policies, 231 -- 25. Social security, public debt and economic growth, 254 -- 26. Health care reform as seen by a general economist, 286 -- Index, 297.