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Full employment abandoned : shifting sands and policy failures / William Mitchell and Joan Muysken

By: Contributor(s): Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: Edward Elgar E-Book ArchivePublisher: Cheltenham ; Northampton, Mass : Edward Elgar, 2008Description: 1 Online-Ressource (x, 298 p) : illISBN:
  • 9781848441422
Subject(s): Additional physical formats: 1858985072 | 9781858985077 (hardback) | Erscheint auch als: 9781858985077 (hardback) Druck-Ausgabe | Erscheint auch als: Full employment abandoned. Druck-Ausgabe Cheltenham[u.a.] : Edward Elgar, 2008. X, 298 S.DDC classification:
  • 331.12/042 22
RVK: RVK: QC 220 | QV 200 | QV 202LOC classification:
  • HD5706
DOI: DOI: 10.4337/9781848441422Online resources: Summary: This book dismantles the arguments used by policy makers to justify the abandonment of full employment as a valid goal of national governments. Bill Mitchell and Joan Muysken trace the theoretical analysis of the nature and causes of unemployment over the last 150 years and argue that the shift from involuntary to 'natural rate' conceptions of unemployment since the 1960s has driven an ideological backlash against Keynesian policy interventionsSummary: 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 -- 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 -- 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 employmentPPN: PPN: 102344156XPackage identifier: Produktsigel: ZDB-1-EWE
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