William Vickrey frases

• Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil in terms of human welfare.

  William Vickrey

  Mean, Evil, Unemployment

  William Spencer Vickrey (2004). “Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey”, Edward Elgar Pub

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• No hay ninguna razón inherente a los recursos reales de que disponemos por la que no podamos avanzar rápidamente en los próximos dos o tres años hacia un estado de auténtico pleno empleo.

  William Vickrey

  Real, Moving, Years

  William Vickrey, Richard Arnott, Anthony B. Atkinson (1997). “Public Economics: Selected Papers by William Vickrey”, p.453, Cambridge University Press

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• The insane pursuit of the holy grail of a balanced budget in the end is going to drive the economy into a depression.

  William Vickrey

  Depression, Holy Grail, Insane

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• There is no real justification for a requirement that a budget of any sort should be balanced, except as a rallying point for those who seek to hamstring government.

  William Vickrey

  Real, Government, Rallying Point

  William Spencer Vickrey (2004). “Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey”, Edward Elgar Pub

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• Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level.

  William Vickrey

  Doe, Levels, Produce

  William Spencer Vickrey (2004). “Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey”, Edward Elgar Pub

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• Nearly all educational expenditure should be considered a capital outlay. Education provides a future return in the form of enhanced taxable income and an enhanced quality of life.

  William Vickrey

  Educational, Quality, Income

  "Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey".

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• Increasingly prices are set by sellers to raise their prices without a loss of sales sufficient to wipe out the gain.

  William Vickrey

  Loss, Wipe, Gains

  William Spencer Vickrey (2004). “Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey”, Edward Elgar Pub

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• Defino el pleno empleo genuino como una situación en la que hay al menos tantas ofertas de trabajo como personas que buscan empleo, probablemente con una tasa de desempleo, tal como se mide actualmente, de entre el 1 y el 2 por ciento.

  William Vickrey

  Jobs, Unemployment, Calling

  William Vickrey, Richard Arnott, Anthony B. Atkinson (1997). “Public Economics: Selected Papers by William Vickrey”, p.432, Cambridge University Press

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• En la práctica, la situación deseable debería ser aquella en la que cualquier persona razonablemente responsable y dispuesta a aceptar un empleo disponible pueda encontrar un trabajo con un salario digno en 48 horas.

  William Vickrey

  Jobs, Employment, Hours

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• It (land value taxation) guarantees that no one dispossess fellow citizens by obtaining a disproportionate share of what nature provides for humanity.

  William Vickrey

  Guarantees That, Land, Humanity

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• El gran aumento de la longevidad ha producido un incremento del deseo de acumular activos para la jubilación. Ha superado la capacidad del sector privado para producir activos, por lo que necesitamos una mayor deuda pública.

  William Vickrey

  Retirement, Government, Desire

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• Economists are almost unanimous in conceding that the land tax has no adverse side effects. ...Landowners ought to look at both sides of the coin. Applying a tax to land values also means removing other taxes. This would so improve the efficiency of a city that land values would go up more than the increase in taxes on land.

  William Vickrey

  Mean, Land, Cities

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• Además, es probable que el efecto de una política monetaria restrictiva sobre la oferta sea perverso. Unos tipos de interés elevados repercuten en los costes y, por tanto, ejercen una presión inflacionista, además de inhibir la expansión de la capacidad o la introducción de mejoras de capital que reduzcan los costes.

  William Vickrey

  Cost, Pressure, Sides

  "Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey".

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• Currently a level of unemployment of 7% or more seems to be required to keep inflation from accelerating, a level quite unacceptable as a permanent situation.

  William Vickrey

  Unemployment, Levels, Situation

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• If unemployment could be brought down to say 2 percent at the cost of an assured steady rate of inflation of 10 percent per year, or even 20 percent, this would be a good bargain.

  William Vickrey

  Years, Would Be, Unemployment

  William Spencer Vickrey (2004). “Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey”, Edward Elgar Pub

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• A las empresas se les concederían derechos iniciales sobre el margen bruto en función de los resultados anteriores, ajustados por los cambios en los insumos de mano de obra y capital. Es algo similar a la definición de beneficios normales de algunas versiones del impuesto sobre el exceso de beneficios en tiempos de guerra. Los derechos serían transferibles y se establecería un mercado competitivo.

  William Vickrey

  Past, Would Be, Entitlement

  "Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey".

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• The nominal budget is a poor indicator of the impact of government outlays and revenues.

  William Vickrey

  Impact, Government, Poor

  William Spencer Vickrey (2004). “Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey”, Edward Elgar Pub

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• Balancing a nominal budget will solve nothing, and attempting to achieve such a spurious balance will produce much mischief.

  William Vickrey

  Balance, Achieve, Produce

  William Spencer Vickrey (2004). “Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey”, Edward Elgar Pub

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• ... often analysis seems to be based on the assumption that future economic output is almost entirely determined by inexorable economic forces independently of government policy so that devoting more resources to one use inevitably detracts from availability for another.

  William Vickrey

  Government, Availability, Analysis

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• To stick to the present situation would be something like a man who was observed in Times Square looking earnestly along the pavement. He was asked what he was looking for. He said "I lost my watch."

  William Vickrey

  Men, Squares, Watches

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