The Political Economy of Full Employment: Conservatism, Corporation, and Institutional Change
This timely volume features essays from an international group of economists who address issues relevant to the objective of securing full employment. The authors adopt a political economy approach which highlights the nature and significance of institutional change.
As well as offering a detailed empirical investigation of the unemployment experience in advanced countries, the book makes a critical evaluation of New Right economic policy making in the UK and the US. Working from a political economic perspective, the authors examine the main international and domestic obstacles to the achievement of full employment, the prospects for job creation in the UK, and the impact of technological change.
The Political Economy of Full Employment features essays that make a contribution to a vital scholarly debate while remaining accessible to an undergraduate audience, ensuring that it will be widely and profitably used by economists at all levels.
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Obstacles to full employment in capitalist economies
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Accord achieved activities analysis approach argued attempt Australian average balance bank bargaining benefits capital cent central changes claimant competitive consequences corporatism corporatist costs countries created decline deficit demand determined discussion early economic economists effects employers European example exchange existing experience factors fall Figure firms forces full employment further given growth higher impact important improvements income increase industrial inflation institutions interest investment Italy Journal Keynesian labour market lead less long-term manufacturing measures million monetary operation output performance period political position possible Press problems productivity profits real wages reduce regions relations relationship relative result Review rise sector share significant social strategy structure successful suggests supply Sweden Swedish technological theory trade trade unions unemployed unions University wage workers