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By Jon Fernquest

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[Thai Economics Library | Archives (for history)]
September 30, 2008

Policy activism

activism (noun) - working to bring about social or political change, pursuing political or social goals with energy or aggressively

policy activism (noun) - pursuing policies aggressively

fiscal activism (noun) - using government spending to lessen the negative impact of economic downturns during the business cycle

activist policy
a supporter of activist policy

scope for policy activism
there remained some scope for policy activism
there would appear to be some scope for policy activism
there was some scope, albeit limited, for policy activism in the short run

advocated a more activist government role in the economy

the costs and risks of policy activism

an activist foreign policy
an activist foreign policy rather than a reactive foreign policy
pursue an activist policy including revolutionary warfare

hyper-activist policy

sustain an activist policy
retreating from an activist policy

the more activist policy pursued by the US since 1997

the theory denied any role to policy activism
the final nail into the coffin of policy activism and Keynesian economics

an activist policy of enforcement

activist members
the costs of educating and obtaining the co-operation of other shareholders being borne by individual activist members
activist policy entrepreneurs


Example sentences:

* None of them is temperamentally inclined to be an activist on macroeconomic policy.

* The advent of policy activism implied an adherence to policy rules radically different from those which had been applied previously.

* We can't stop that with a hyper-activist policy.

* Congress is less likely to sustain an activist policy than the president.

* Moscow believed it could pursue an activist policy including revolutionary warfare directed at expanding Soviet interests and influence in the Third World.

* They chose an activist foreign policy rather than a reactive foreign policy.

* When pressed to explain why he was retreating from an activist policy, the president's frustration began to show.

* Many observers have seen in the more activist policy pursued by the US since 1997, an attempt to move into the strategic

* The point is that Germany can benefit from the US example of greater fiscal stabilization with its attendant benefits for growth and productivity, while suffering far fewer of the costs and risks than the United States does from such activism.

* Nemesis came in the form of a blistering rebuttal of policy activism in Milton Freidman's Presidential Address to the American Economic Association (see Freidman, 1968).

* There would thus appear to be some scope for policy activism, but, on further inspection, it turns out to be very limited indeed.

* When we examined Friedman's demolition of the idea of a stable trade off between inflation and unemployment, we noted how there remained some scope for policy activism.

* In their place, he has advocated a more activist government role in the economy, by increasing public works spending, cutting middle-class taxes and retraining workers to prepare them for competition in the global marketplace.

* They urge a fuller, more activist policy of enforcement, and advocate wider restraint on economic pursuits, in the interest of minimizing the harms which flow from unregulated activity, even though this may impose substantial costs and restraints upon productive enterprise.

* It is true that the shareholders would make an impact if they were to agree to vote in the same way, but this will usually involve the costs of educating and obtaining the co-operation of other shareholders being borne by individual activist members, and these are likely to outweigh the benefits that will be captured by them, since any increase in the value of the company attributable to intervention will be distributed among the shareholders as a whole.

* The national policy consensus excluded the trade unions, the alliance of government agencies and certain companies was more activist than in Britain, planning goals were pursued with a battery of penalty and incentive powers.

* Monetarists had previously maintained that money was neutral only in the medium and long run, implying that there was some scope, albeit limited, for policy activism in the short run.

* By contrast, the rational expectations hypothesis, when applied to the theory of inflation, appeared to indicate that money would be neutral in the short run also, thereby denying any role to policy activism.

* The rational expectations hypothesis, allied with the natural rate hypothesis had, so it was believed, driven the final nail into the coffin of policy activism and, by implication, of Keynesian macroeconomics.


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