Making the Economy Work [Paperback]

This volume contains a series of essays which examine microeconomic or structural issues and attempt to explain why alternative prescriptions to monetarism could have avoided the massive rise in unemployment in the 1980s. Policies are suggested which could reduce and stabilize unemployment levels.Introduction, Jon Shields; the case for profit-sharing, Martin Weitzman; profit-sharing and employment - some doubts, Sushil Wadhwani; profit-sharing, motivation and company performance, Saul Estrin; collective bargaining, economic management and employment, David Basnett; an incomes policy to help the unemployed, Richard Layard and Stephen Nickell; regional policy and the north-south divide, Harvey Armstrong and Jim Taylor; are small firms the answer to unemployment?, David Storey and Stephen Johnson; a job guarantee for long-term unemployed people, Richard Jackman et al.