Download or read book Back to Full Employment written by Robert Pollin and published by MIT Press. This book was released on 2012 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economist Robert Pollin argues that the United States needs to try to implement full employment and how it can help the economy.
Download or read book The General Theory of Employment Interest and Money written by John Maynard Keynes and published by Springer. This book was released on 2018-07-20 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book was originally published by Macmillan in 1936. It was voted the top Academic Book that Shaped Modern Britain by Academic Book Week (UK) in 2017, and in 2011 was placed on Time Magazine's top 100 non-fiction books written in English since 1923. Reissued with a fresh Introduction by the Nobel-prize winner Paul Krugman and a new Afterword by Keynes’ biographer Robert Skidelsky, this important work is made available to a new generation. The General Theory of Employment, Interest and Money transformed economics and changed the face of modern macroeconomics. Keynes’ argument is based on the idea that the level of employment is not determined by the price of labour, but by the spending of money. It gave way to an entirely new approach where employment, inflation and the market economy are concerned. Highly provocative at its time of publication, this book and Keynes’ theories continue to remain the subject of much support and praise, criticism and debate. Economists at any stage in their career will enjoy revisiting this treatise and observing the relevance of Keynes’ work in today’s contemporary climate.
Download or read book A Theory of Full Employment written by Nancy Brenner-Golomb and published by Routledge. This book was released on 2017-11-30 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: In A Theory of Full Employment, Y. S. Brenner reviews the current drift toward a society he finds neither economically expedient nor morally attractive, and N. Brenner-Golomb discusses the risks involved for science and society in the newfangled sophism hiding behind post-modern ideas and "political correctness." Both authors emphasize the need to revive the public's political engagement and revise economic theory to restore to society the humane perspective that inspired the welfare state. They contend that if people will abandon outworn habits of thought, consider alternatives, and renew their political engagement, they may find useful employment for all who are able and willing to work and end the fear of destitution. Although scientists' philosophical backgrounds seldom influence their answers, they do determine their questions, and the final outcome can depend on this. Neoclassical economists are ill equipped to ask questions about the long-term dynamic processes of our complex economic reality. They leave out of their models variables not easily quantified and prefer mathematical precision to the study of the intricacy of life. Paul Samuelson, Robert Solow, and others have tried to overcome this by grouping self-adjusting elements into "proxy" variables, thus synthesizing neoclassical and Keynesian ideas. But most of today's critics of the ruling dogma go largely unheard. This volume is intended to convince professional economists who study the economic system as a whole to reexamine some of the assumptions behind reigning economic theories. A second objective is to explain to the general public why currently fashionable policies cannot solve massive long-term unemployment. Finally, it shows that if political engagement is revived, we may escape the economic morass and moral wasteland into which, the fashionable policies have been leading us since the 1970s. This book will appeal to economists, politicians, sociologists, and a wider public concerned about today's economic malaise.
Download or read book The Economics of Full Employment written by and published by . This book was released on 1944 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Full Employment and Price Stability written by William Spencer Vickrey and published by Edward Elgar Publishing. This book was released on 2004 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'This collection of Vickrey's writings is primarily concerned with macro policy issues, and thus includes some of his lesser-known work. It is a collection that Bill would have wanted to get out to the public because he felt that a solid macro policy was necessary to create a foundation of equity and efficiency before one can even start talking about micro policy.' - From the preface by David Colander, Middlebury College, US Collecting Nobel Laureate William S. Vickrey's articles on macroeconomic theory and policy written towards the end of his career, this volume demonstrates his enduring commitment to full employment and price stability, and his rejection of conventional macroeconomic theorizing. William Vickrey never lost hope that sensible macroeconomic policy could be understood and implemented, a faith inspired by his humanistic vision of a better world for all and his belief that common sense would ultimately prevail. Advocating sensible economic policies, this collection will offer much of value to heterodox and orthodox economists, graduate economics students and also policymakers.
Download or read book Commitment to Full Employment written by Aaron W. Warner and published by Routledge. This book was released on 2015-05-20 with total page 409 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 15 papers collected in this book encompass important macroeconomic theories and policies espoused by 1996 Nobel laureate economist William S. Vickrey and his associates. Vickrey wrote a number of papers in the last few years of his life elucidating his "commitment to full employment" as a prerequisite for a decent standard of living for all. Drawing on the foundation of Vickrey's work, the contributors expand and elaborate on issues relative to full employment theory and policy, and on related macro-policy issues.
Download or read book Full Employment Abandoned written by William Mitchell and published by Edward Elgar Publishing. This book was released on 2008-01-01 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book by William Mitchell and Joan Muysken is both important and timely. It deals with the issue of the abandonment of full employment as an objective of economic policy in the OECD countries. It argues persuasively that macroeconomic policy has been restrictive over the recent, and not so recent past, and has produced substantial open and disguised unemployment. But the authors show how a job guarantee policy can enable workers, who would otherwise be unemployed, to earn a wage and not depend on welfare support. If such a policy is fully supported by appropriate fiscal and monetary programmes, it can create full employment with price stability, which the authors label as a Non-Accelerating-Inflation-Buffer Employment Ratio (NAIBER). This book is essential reading for any one wishing to understand how we can return to full employment as the normal state of affairs. Philip Arestis, University of Cambridge, UK 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.
Download or read book Barriers to Full Employment written by J. A. Kregel and published by Springer. This book was released on 1988-05-24 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the mid-1980s the world's industrialised economies entered their second decade of stagnant growth and mass unemployment paralleled only by the Great Slump. Neo-conservative policies, which replaced traditional Keynesian remedies, have been no more successful in halting the inexorable increase in unemployment: the stigma of failure to deal with unemployment has touched governments of all political extractions from Conservative to Liberal to Social-Democratic. New perspectives on the unemployment problem are needed and this book provides them.
Download or read book Full Employment in a Free Society Works of William H Beveridge written by William H. Beveridge and published by Routledge. This book was released on 2014-11-27 with total page 442 pages. Available in PDF, EPUB and Kindle. Book excerpt: Beveridge defined full employment as a state where there are slightly more vacant jobs than there are available workers, or not more than 3% of the total workforce. This book discusses how this goal might be achieved, beginning with the thesis that because individual employers are not capable of creating full employment, it must be the responsibility of the state. Beveridge claimed that the upward pressure on wages, due to the increased bargaining strength of labour, would be eased by rising productivity, and kept in check by a system of wage arbitration. The cooperation of workers would be secured by the common interest in the ideal of full employment. Alternative measures for achieving full employment included Keynesian-style fiscal regulation, direct control of manpower, and state control of the means of production. The impetus behind Beveridge's thinking was social justice and the creation of an ideal new society after the war. The book was written in the context of an economy which would have to transfer from wartime direction to peace time. It was then updated in 1960, following a decade where the average unemployment rate in Britain was in fact nearly 1.5%.
Download or read book Understanding Modern Money written by L. Randall Wray and published by Edward Elgar Publishing. This book was released on 1998 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: By showing that the basic assumptions if mainstream macroeconomics were and are flawed, the author aims to convince the reader that full employment and price stability are fully compatible goals in the modern world.
Download or read book A Theory of Full Employment written by Y.S. Brenner and published by Springer. This book was released on 2012-11-02 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book has three purposes. First, to convince professional economists who study the behaviour of the economic system as a whole that they must re-examine some of the assumptions behind the reigning economic theories. Second, to explain to the general public why the currently fashionable economic policies cannot solve the problem of massive long term unemployment. Third, to show that if people's political engagement is revived there is hope for escaping from the economic morass and moral wasteland into which, ever since the 1970s, the fashionable policies have been leading us. To elucidate the theoretical problem the authors pass in review several recent structural developments and consider their effect on the economy. To encourage renewed public political engagement they draw attention to the risks involved in allowing things to drift on in the present direction. The avowed purpose of the book imposes the need to present it in a manner accessible at once to professional macroeconomists and to a wider public ofpeople concerned about today's malaise, politicians, sociologists or philosophers and others. This imposes the need not to encumber readers with the customary glut of academic references in the text, and to refer only to the best known and politically most influential theories and to authors who are also widely known to people who are not professional economists.
Download or read book The Benefits of Full Employment written by Jared Bernstein and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Work and Idleness written by Jane Wheelock and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: Work and Idleness develops the view that redistributing employment is a `feasible capitalist' solution, not just to the unemployment which particular groups suffer, but also to the work that others have to contend with, including many women. Putting the redistribution of employment on the policy agenda opens up debate on how to ensure a more equitable and fulfilling relationship between the ways we gain our livelihoods and the lives we lead. Growing insecurity in labour markets and changing patterns in the commodification of labour have led to a redistribution of paid and unpaid labour time as the structure of power relations, the gender order, discrimination, and state regulation have been modified. The first main trend affecting insecurity is mass unemployment and the growth of workless households. A second notable trend is a gender-based redistribution of hours worked. The third major trend is a shift from full-time waged work to full-time self-employment. Part I of this book presents the main economic theories driving the continuing divide between the intensification of work and the extension of idleness. Part II documents the ways in which the shift to mass idleness in advanced industrial countries has hit some groups particularly hard: the youngest and oldest age groups and other groups, including disabled workers, have traditionally been subject to discrimination in the labor markets. Part III provides a set of policy prescriptions.
Download or read book Economics of Employment written by Abba Ptachya Lerner and published by . This book was released on 1951 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Economics of Full Employment written by University of Oxford. Institute of Economics and Statistics and published by . This book was released on 1945 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Dynamics of Full Employment written by G_nther Schmid and published by Edward Elgar Publishing. This book was released on 2002-01-01 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt: Persistent unemployment is recognized as one of the main mechanisms of social and political exclusion. The Dynamics of Full Employment provides a new and fresh approach to the question of full employment in contemporary society. It offers an international
Download or read book Aggregate Demand and Employment written by Brian K. MacLean and published by Edward Elgar Publishing. This book was released on 2020-03-28 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: With an emphasis on developments during and after the Great Recession, and paying due attention to the impacts of austerity policies, the chapters assembled for this book explain that high growth of aggregate demand is as essential as ever for achieving full employment and rising living standards. Written by distinguished Keynesian and Post-Keynesian economists from diverse national backgrounds, the book tackles critical theoretical and empirical issues to illuminate the economic experiences both of large geographic regions such as Europe, Latin America, and Africa, as well as specific national economies including the USA, Japan, India, and Canada.
