Full employment abandoned shifting sands and policy failures
Full employment: changing views and policies. The full employment framework and its demise ; Early views on unemployment and the Phillips curve ; The Phillips curve and shifting views on unemployment ; The troublesome NAIRU: the hoax that undermined full employment -- Full employment abandoned: shif...
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| Format: | eBook |
| Language: | English |
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Cheltenham
Edward Elgar
c2008
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| Collection: | Edward Elgar eBook Archive - Collection details see MPG.ReNa |
| Summary: | Full employment: changing views and policies. The full employment framework and its demise ; Early views on unemployment and the Phillips curve ; The Phillips curve and shifting views on unemployment ; The troublesome NAIRU: the hoax that undermined full employment -- Full employment abandoned: shifting sands and policy failures. The shift to full employability ; Inflation first: the new mantra of macroeconomics ; The neglected role of aggregate demand -- The urgency of full employment: foundations for an active policy. A monetary framework for fiscal policy activism ; Buffer stocks and price stability ; Conclusion: the urgency of full employment 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 |
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| Physical Description: | x, 298 p ill |
| ISBN: | 9781858985077 9781848441422 1858985072 |