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Full Employment Abandoned
http://www.fishpond.com.au/Books/Full-Employment-Abandoned-William-Mitchell/9781858985077?outprint=1&isbn=1858985072
Shifting Sands and Policy Failures
By
William Mitchell
RRP $207 $103 Save $104.00 (50%)
Free shipping Australia wide Ships from UK supplier | Rating: | | | Format: | Hardback, 288 pages | | Other Information: | Illustrations | | Published In: | United Kingdom, 17 March 2008 |
The authors' contention in this book is that much of the blame for labour under-utilisation across OECD countries lies with the policy failures of national governments. They argue that at a time when budget deficits should have been used to stimulate the demand needed to generate jobs, restrictions have been placed on fiscal policy by governments influenced by orthodox macroeconomic theory. Monetary policy has also become restrictive, with inflation targeting - either directly or indirectly - pursued by increasingly independent and vigilant central banks. It is illustrated that these misguided fiscal and monetary stances have damaged the capacities of the various economies to produce enough jobs. The book concludes optimistically, outlining an alternative view of macroeconomic theory and policy opportunities. |
Table of ContentsContents: 1. The Full Employment Framework and its Demise Part I: Full Employment: Changing Views and Policies 2. Early Views on Unemployment and the Phillips Curve 3. The Phillips Curve and Shifting Views on Unemployment 4. The Troublesome NAIRU - The Hoax that Undermined Full Employment Part II: Full Employment Abandoned: Shifting Sands and Policy Failures 5. The Shift to Full Employability 6. Inflation First - The New Mantra of Macroeconomics 7. The Neglected Role of Aggregate Demand Part III: The Urgency of Full Employment: Foundations for an Active Policy 8. A Monetary Framework for Fiscal Policy Activism 9. Buffer Stocks and Price Stability 10. Conclusion - The Urgency of Full Employment
| Publisher: | Edward Elgar Publishing Ltd | | ISBN: | 1858985072 |
| EAN: | 9781858985077 | | Dimensions: | 23.0 x 15.0 centimeters |
| Age Range: |
15+ years |
|
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