Why the economy is hard to manage and how this could possibly be dealt with

Abstract

This paper raises some points about the economy and economic policies, and
presents some possible economic solution, providing the stimulus for economic thought and
importantly action to forestall economic problems. The practicable economic policies suggested
in the paper would to some extent alleviate the serious economic problems of inflation,
deflation, recessions, and unemployment, though it is also hoped that the suggested
economic policies could permanently eliminate these serious economic issues. The successful
implementation of these economic policies would certainly lead to a better society, possibly
with inclusive and sustainable economic growth, employment, and decent work for all.

JEL Classification: D91; E42; E52; E71.