Page 26 - Azerbaijan State University of Economics

Noralv Veggeland: New Keynesian political economic policies

receipt, settlement, language training and employment services to their own private
businesses. Winning ears as monopolists pushing prices up, and the state pays, with
little stable employment gains resulting relative to the unreasonable expenditures.
Otherwise, use the government oil fund to compensate for tax cuts in the state
budget, as a long-term strategy for job creation. This is a passive misuse research
shows has little effect on economic growth and increased job creation [More, M. C.
2014].
In Norway, job creation processes re-nationalized in line with a neo-Keynesian
guide. The state must be an active investor in new government jobs in welfare
sectors like health care, education and training, and in business, such a Keynesian
approach assigns. Only then will you be able to employ the new hundred thousand
migrants, plus the ordinary second hundred thousand unemployed, so they did it for
between-war economic depression with Keynes' help. The establishment of state
enterprises must no longer be a taboo strategy. In an era of green turning of
economic production in the direction of new international markets, Norway can be a
pioneer for a profitable, sustainable job creation policy, with migration crisis and
growing unemployment as a starting point. Such a policy will again provide content
for the rhetorical concepts necessary restructuring and innovation in the Norwegian
economy.

Reference

See Veggeland, N.(2015), The State authority is back, Klassekampen September
23.2015.

Binder, A.S. (2014), Keynesian Economics, The Concise Encyclopedia of
Economics, Princeton: Princeton University.

Ibid.

Stiglitz, J. (2010), Freefall: America, free markets, and sinking of the world
economy, W. W. Norton: New York.

Krugman, P. and R. Barro (2010), Keynes Who? Forbes, 186, 2 2010.

Nyseter, T. (2015), Velferd på avveie. Reformer, verdier, veivalg, Oslo: Res Publica.

Veggeland, N. (2015), En bilateral fallitterklæring, Klassekampen August 18. 2015.

More, M. C. (2014), Tax and Spend. The Welfare State, Tax Politics and the Limit
of American Liberalism, Pennsylvania: Pennsylvania University Press.

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