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NEW -- June, 2010 A Moral Equivalent of War Perspective For a Rapid Full Recovery Without a Federal Debt Increase |
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| Introduction |
| "The words and concepts we use influence the way we think and act. Therefore, an essential attribute of a real science is its use of consistent, precise, and analytically incisive definitions." |
| IEA's innovative conceptual framework makes it possible to "complete the Keynesian Revolution" by functionally integrating the National Income and Product (NIPA) and Flow-of-Funds (FOF) national accounts, empirically linking financial saving and GDP investment -- thus bridging the financial gap between saving and investment. This unified database provides the empirical basis for a more credible and easier to understand macroeconomic science, more effective analytical tools, and more systematic coordination of policy tools for maintaining stable full-employment growth, low inflation, low interest rates, a more equitable and sustainable distribution of income and wealth, and a more stable stock market. |
| File update: June 9, 2010 |  Search IEA |
Site update: June 9, 2010 | ||