Böcker av John H. Wood

When we start to perceive that there is a problem in the market (such as monopoly, fraud or speculation), the legislature passes a law to correct it, a bureaucracy is created to interpret and enforce the new law, firms and other market participants comply, and the problem is solved.

Examines the controlling influences that drive macroeconomic policies in the United States. This book addresses the history of the interests, ideas, and practices of monetary and fiscal policies in the US. It also examines macro-policies in other countries, particularly the UK.