Full employment abandoned
Subtitle: shifting sands and policy failures
By: William Mitchell, Joan Muysken.
Contributors: Muysken, J.
Publisher: Edward Elgar
Published: 2008
Place of publication: Cheltenham, UK; Northampton, Mass
Language: eng
Number of pages: 298
ISBN-13: 9781858985077
Subjects: Full employment policies; Unemployment; Employment (Economic theory)
Notes: Includes bibliographical references (p. 267-288) and index.
Table of contents: title: Full employment: changing views and policies. The full employment framework and its demise ; Early views on unemployment and the Phillips curve ; The Phillips curve and shifting views on unemployment ; The troublesome NAIRU: the hoax that undermined full employment; title: Full employment abandoned: shifting sands and policy failures. The shift to full employability ; Inflation first: the new mantra of macroeconomics ; The neglected role of aggregate demand; title: The urgency of full employment: foundations for an active policy. A monetary framework for fiscal policy activism ; Buffer stocks and price stability ; Conclusion: the urgency of full employment.