Unemployment : past and present / edited by Philip Arestis and John McCombie.

Format:

Book

Contributor:

Arestis, Philip, 1941-

McCombie, J. S. L.

Language:

English

Subjects (All):

Unemployment.

Physical Description:

xii, 255 pages : illustrations ; 22 cm

Place of Publication:

Basingstoke : Palgrave Macmillan, [2009]

Summary:

The concepts and theories surrounding the economics of unemployment have multiplied and evolved over the course of the twentieth century and into the twenty-first. From Kalecki's theories on the causes of unemployment and policies to achieve full employment to Post Keynesian economics and New Consensus Models, this volume seeks to provide an overview of the debates which have surrounded the issue of unemployment in the world of economics, as well as offering fresh insights into an issue which has been the cause of long-standing debate.

With contributions from many experts in the area, this book explores a variety of topics, including: the relevance of Keynes today to analysing unemployment in both rich and poor countries; Keynesian involuntary unemployment and modern macroeconomics; growth and unemployment in an extended Kaldorian model; Post Keynesian economics and New Consensus Models; the 'unemployment bias' of the New Consensus view of macroeconomics; unemployment and the natural interest rate in a Neo-Wicksellian Model; and labour market issues and monetary shocks from a theoretical perspective. This book is an essential companion for all those interested in understanding more about past debates and current issues in the economics of unemployment.

Contents:

2 Kalecki on the Causes of Unemployment and Policies to Achieve Full Employment / Malcolm Sawyer 7

3 The Relevance of Keynes Today with Particular Reference to Unemployment in Rich and Poor Countries / A. P. Thirlwall 29

4 Aggregate Supply in the New Consensus / James Trevithick 57

5 Growth and Unemployment in an Extended Kaldorian Model / Mark Roberts 83

6 A Post Keynesian Macroeconomic Policy Mix as an Alternative to the New Consensus Approach / Eckhard Hein, Engelbert Stockhammer 104

7 The 'Unemployment Bias' of the New Consensus View of Macroeconomics / Giuseppe Fontana 131

8 Unemployment and the Natural Interest Rate in a Neo-Wicksellian Model / Philip Arestis, Elias Karakitsos 149

9 Is Inflation Targeting Inimical to Employment? / Mark Setterfield 181

10 Labour Market Search and Monetary Shocks: A Theoretical Consideration / Jagjit S. Chadha, Qi Sun 202.

Notes:

Includes bibliographical references and index.

ISBN:

9780230202443

0230202446

OCLC:

226357148