On the question of taxes, the centerpiece of Mr. Giuliani's economic policy, Mr. Vallone and Mr. Badillo ruled out any tax hike over the next four or eight years, and said they would push for further tax cuts in the years ahead, describing that as the best tonic for an ailing economy.
Each country was meant to be responsible for its own budget and economic policies with rules (often ignored) to stop them running up too much debt.
The communist government's restrictive economic policies, authoritarian rule and penchant for strikes prompted many businesses to leave.
But during the World Economic Forum meeting in Amman in June, the United States trade representative, Robert B. Zoellick, harshly criticized Egyptian economic policies and ruled out such an agreement.
One may wonder if judges are best placed to make economic policy or to rule dispassionately on public-sector salary cuts.
When depression economics prevails, the usual rules of economic policy no longer apply: virtue becomes vice, caution is risky and prudence is folly.
Page A28 Op-ed PAUL KRUGMAN The United States economy has entered the realm of Depression economics, in which the usual rules of economic policy no longer apply: virtue is vice, caution is risky and prudence is folly.
This concept was keyed by Williamson (1990) and provided ten rules on economic policy.
The economics faculty at Chicago questioned abstract and universalist neoclassical theories, then in vogue, arguing that general rules for economic policy should be derived from specific case studies.
Again, little of note is achieved, apart from agreement on a vague pact to co-ordinate economic policies and tighten rules on government spending.
