This book provides an up-to-date and well-informed overview of the debate on employment. The contributors ask: is full employment possible? Would it lead to inflation, excess of trade union power, and balance of payment deficits? Is full employment affordable? They face up to these questions and consider what would be involved in a move to much lower levels of unemployment. This is a worthwhile and original contribution to current policy debate.
Foreword,Brian Reddaway Introduction,Jonathan Michie Part I: Global Lessons and Prospects 1. Liberalization and Globalization: An unhealthy euphoria,Ajit Singh 2. Expansionary Policy for Full Employment in the United States: Retrospective on the 1960s and current period prospects,Robert Pollin and Elizabeth Zahrt 3. Effective Demand and Disguised Unemployment,John Eatwell Part II: Unemployment and Inequality 4. Economic Functioning, Self-Sufficiency, and Full Employment,Roger Tarling and Frank Wilkinson 5. Unemployment, Wage Dispersion, and Labour Market Flexibility,Brian Henry and Kevin Lee 6. Inflation, Economic Performance, and Employment Rights,Simon Deakin and Keith Ewing Part III: Pay and Employment Strategies 7. Is there a Pay Problem?,Peter Robinson 8. Economic Policy, Accumulation, and Productivity,Geoff Harcourt 9. Devising a Strategy for Pay,John Grieve Smith Part IV: Policies for Full Employment 10. Paying for Job Creation,Andrew Glyn 11. A Price Well Worth Paying?: The benefits of a full employment strategy,Michael Kitson, Jonathan Michie, and Holly Sutherland Index
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