Employment and Economic Performance: Jobs, Inflation, and Growth

Paperback | April 1, 1997

EditorJonathan Michie, John Grieve Smith

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With the end of the post-war boom in the early 1970s, the world economy has experienced large scale unemployment. From an assumption that the unemployment problem had been solved, and that full employment could be maintained through demand management techniques, we now live in an entirelydifferent world. Any suggestion of a return to full employment is met with questions of whether such a thing is possible, whether it would not lead to inflation or to excessive trade union power, or in the case of individual economies to unsustainable balance of payment deficits. The contributors tothis volume ask whether full employment policies would be affordable. Would they lead to yawning fiscal deficits which would in the end require a U-turn in policy with unemployment reappearing? This well-informed and original contribution to current policy debate faces up to these questions andconsiders what would be involved in a move to much lower levels of unemployment.

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From the Publisher

With the end of the post-war boom in the early 1970s, the world economy has experienced large scale unemployment. From an assumption that the unemployment problem had been solved, and that full employment could be maintained through demand management techniques, we now live in an entirelydifferent world. Any suggestion of a return to f...

Jonathan Michie is at Robinson College, Cambridge. John Grieve Smith is at Robinson College, Cambridge.
Format:PaperbackDimensions:278 pages, 9.21 × 6.14 × 0.63 inPublished:April 1, 1997Publisher:Oxford University Press

The following ISBNs are associated with this title:

ISBN - 10:0198290934

ISBN - 13:9780198290933

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Table of Contents

Brian Reddaway: ForewordJonathan Michie: IntroductionPart I: Global Lessons and Prospects1. Ajit Singh: Liberalization and Globalization: An unhealthy euphoria2. Robert Pollin and Elizabeth Zahrt: Expansionary Policy for Full Employment in the United States: Retrospective on the 1960s and current period prospects3. John Eatwell: Effective Demand and Disguised UnemploymentPart II: Unemployment and Inequality4. Roger Tarling and Frank Wilkinson: Economic Functioning, Self-Sufficiency, and Full Employment5. Brian Henry and Kevin Lee: Unemployment, Wage Dispersion, and Labour Market Flexibility6. Simon Deakin and Keith Ewing: Inflation, Economic Performance, and Employment RightsPart III: Pay and Employment Strategies7. Peter Robinson: Is there a Pay Problem?8. Geoff Harcourt: Economic Policy, Accumulation, and Productivity9. John Grieve Smith: Devising a Strategy for PayPart IV: Policies for Full Employment10. Andrew Glyn: Paying for Job Creation11. Michael Kitson, Jonathan Michie, and Holly Sutherland: A Price Well Worth Paying?: The benefits of a full employment strategyIndex

Editorial Reviews

`This is a collection of papers which presents valuable and original contributions to the current policy debate on balancing employment levels, inflation and trade union power with acceptable economic growth.'Aslib Book Guide