Unemployment and Inflation: The Canadian Experience (Canadian Institute for Economic Policy series)

First published in 1980, this book presents a strong argument against the prevailing wisdom of monetarist economic policies then dominating Canadian policy making.Clarence Barber and John McCallum review Canadian economic policy of the 1970s and look for the causes of the high unemployment coupled with high inflation in the period from 1975 on. They offer a set of policy alternatives that run counter to the fiscal restraint and program cutbacks that represented orthodoxy among contemporary political and business elites.Unemployment and Inflation is a valuable addition to the vital economic debates of the early 1980s.