Re: Incomes policies

["Henry C.K. Liu" <hliu@xxxxxxxxxxxxxx>]

As Paul Davidson related on this list sometime ago in a personal antedote,
every economists supports income policies.  They just don't like the income
policy of other economists.

Supplysiders have been advocating various income policies for corporations for
a long time.

Henry C.K. Liu

Bill James wrote:

> Incomes policies seem to be recommended often by heterodoxers. Is this
> still the case, or were new ideas devised regarding this(for example is
> Lerner's MAP recommended at all nowadays?)? The failure of incomes policies
> in the United States in the 70s under Nixon and Carter are well known, and
> I don't see any particular failure in implementation(unless someone can
> point them out), rather than an overall failure in the policy. Austria,
> Germany, and Sweden certainly withstood the supply shocks in the 70s much
> better, but only continued successfully in conjunction to traditional
> deflationary policies in the 80s, as growth was very slow for all three in
> that decade.
>
> _____________________________________________
> Free email with personality! Over 200 domains!
> http://www.MyOwnEmail.com