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J. Keynes (1937)
The General Theory of EmploymentQuarterly Journal of Economics, 51
Clifton Kreps, A. Lerner (1944)
The Economics of Control
Li‐teh Sun, Shiyun Zhang, Ming-fu Ge (1989)
Prospects of Chinese Wage Reform: A Synergy of Market and Planning SystemsInternational Journal of Social Economics, 16
Li‐teh Sun (1986)
Confucianism and the Economic Order of TaiwanInternational Journal of Social Economics, 13
Those economists who emphasise the shortrun analysis and itseffects tend to value distributive equity more than productiveefficiency, full employment more than price stability, fiscal policymore than monetary policy and collective necessity more than individualfreedom. Those stressing the longrun tend to believe in the oppositeway. Any emphasis on one particular time frame, however, represents atbest a partial and biased analysis of the whole economic reality and atworst a distortion of it. It would be necessary, therefore, in economictheory and policy, for both the shortrun and the longrun effects, tobe monitored with equal interest and intensity.
International Journal of Social Economics – Emerald Publishing
Published: May 1, 1990
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