Re: Incomes policies

["Colander, David" <colander@xxxxxxxxxxxxxx>]

Politics change, and no government has taken an interest in Abba's and my
MAP  in this modern period of liberalism.  It was primarily designed for the
US.  There are still a small group of  us who favor it, but we're not
getting any calls from politicians who would want to make it implementable.
Actually, it is in times of low inflation that it makes the most sense to
implement it.

Dave Colander

**************************************
David Colander
Dept. of Economics
Middlebury College
Middlebury, Vermont 05753
Colander@xxxxxxxxxxxxxx
Phone: 802-443-5302
Fax: 802-443-2084
******************************************


 -----Original Message-----
From: 	Bill James [mailto:kataradicalis@xxxxxxxxxxx]
Sent:	Tuesday, October 15, 2002 9:44 AM
To:	pkt@xxxxxxxxxxxxxxxx
Subject:	Incomes policies

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.


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