Summary Winter 1998–1999

New Working Papers summarized in this issue cover a broad range of topics, including the effects of the Clinton expansion on employment opportunities, the development of modern money from a Chartalist perspective, the federal budget surplus in the context of the coming economic slowdown, concepts of time in economic theory, and the effect of the Asian crisis on Indian economic growth.

Contents: The American Wage Structure 1920-194 · (Full) Employment Policy: Theory and Practice · Symposium: Employment Policies to Reduce Poverty · Money and Credit in a Keynesian Model of Income Determination · Finance and the Macroeconomic Process in a Classical Growth and Cycles Model · Can Expenditure Cuts Eliminate a Budget Deficit? · Modern Money