Maximum Government, Maximum Governance

Reframing India's Macroeconomic
However, the global financial crisis of 2008 and rising inequalities of Income and wealth in the last decade within and across economies has led to rise of nationalist-populist leaders in many parts of the world.
Austerity, Fiscal consolidation, Fiscal discipline and Fiscal deficit targets have become the buzzwords of contemporary macroeconomic policy. By tracing the history of macroeconomic schools of thought, maximum government, maximum governance explores the origins, essence, shortcomings and deception of mainstream neoliberal Macroeconomics. Arguing that economies are financially constrained, neoliberal macro­economics dislodged full employment as the target of policy replacing it with a low and stable inflation target. Monetary policy under the control of an independent central Bank became the primary instrument to assist free and globalized markets to propel economies towards full employment.

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