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Item Details
| Title:
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FULL EMPLOYMENT ABANDONED
SHIFTING SANDS AND POLICY FAILURES |
| By: |
William Mitchell, Joan Muysken |
| Format: |
Hardback |
| List price:
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£114.00 |
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We believe that this item is permanently unavailable, and so we cannot source
it.
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| ISBN 10: |
1858985072 |
| ISBN 13: |
9781858985077 |
| Publisher: |
EDWARD ELGAR PUBLISHING LTD |
| Pub. date: |
17 March, 2008 |
| Pages: |
320 |
| Description: |
Argues that the blame for labour under-utilisation across OECD countries lies with the policy failures of governments. This book illustrates that misguided fiscal and monetary stances have damaged the capacities of the various economies to produce enough jobs. It outlines an alternative view of macroeconomic theory and policy opportunities. |
| Synopsis: |
This book dismantles the arguments used by policy makers to justify the abandonment of full employment as a valid goal of national governments. Bill Mitchell and Joan Muysken trace the theoretical analysis of the nature and causes of unemployment over the last 150 years and argue that the shift from involuntary to `natural rate' conceptions of unemployment since the 1960s has driven an ideological backlash against Keynesian policy interventions. The authors contend that neo-liberal governments now consider unemployment to be an individual problem rather than a reflection of systemic policy failure and that they are content to use unemployment as a policy instrument to control inflation and coerce the unemployed with work tests and compliance programmes rather than provide sufficient employment. They present a comprehensive theoretical and empirical critique of this policy approach, with a refreshing new framework for understanding modern monetary economies. The authors show that the reinstatement of full employment with price stability is a viable policy goal that can be achieved by activist fiscal policy through the introduction of a Job Guarantee.Full Employment Abandoned will appeal to graduate and postgraduate students and researchers of economics and politics with an interest in macroeconomic policy and the labour market, particularly unemployment and neo-liberal policy frameworks. |
| Publication: |
UK |
| Imprint: |
Edward Elgar Publishing Ltd |
| Returns: |
Returnable |
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