Money, Markets, and the State

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Focusing on the economic policies of social democratic governments in Germany, Great Britain, Sweden, Norway, and the Netherlands, the book analyzes their successes and failures from the 1920s inflation through the Great Depression to contemporary mass unemployment. Dr. Notermans emphasizes that the effectiveness of these policies relies more on political and institutional efforts to maintain price stability rather than on structural economic changes. He argues that social democracy remains relevant, offering potential solutions for achieving full employment today.