Full Employment Without Inflation
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Employment Without Inflation
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Author : Benjamin Higgins
language : en
Publisher: Routledge
Release Date : 2018-01-16
Employment Without Inflation written by Benjamin Higgins and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-01-16 with Business & Economics categories.
The world economy has undergone a fundamental transformation in recent decades and theoretical structures inherited from the 1930s through the 1950s, while retaining large elements of truth, are inadequate to deal with current problems. Benjamin Higgins feels that for a society such as the United States a fiscal policy needs to be adopted that can deal simultaneously with existing unemployment and inflation. He suggests three possible governmental policies: stimulating a high rate of long-run growth, by use of reward innovations and by maintaining the highest possible level of scientific and technical activity; isolating regions that are generators of inflation and others that are pools for unemployment; and establishing a system of direct controls similar to those used in wartime. Higgins describes the transformation of the cogent prewar business cycle, with its alternations of inflation or unemployment, then a transitional period of underemployment equilibrium and secular stagnation, and finally, the strange new world of today, one with economic fluctuations in the form of shifting trade-off curves and loops. He then applies his new paradigm to current problems, showing why they cannot be managed through macroeconomic monetary and fiscal policy. Higgins offers case studies of efforts to fight inflation and unemployment, and to reduce regional gaps, to show their strengths and weaknesses. It can be said that unemployment always results from too many people chasing too few jobs, and inflation is always caused by too much money chasing too few goods and services. Beyond such banal generalizations, Higgins maintains there is no single cause for either unemployment or inflation, and thus no single cure can be prescribed for either, let alone for both at once. Nor is it to be expected that the appropriate cure will prove to be the same in all countries at all times. He suggests that an optimal blend of monetary and fiscal policy that will produce the "minimum discomfort" is a good start. Employment Without Inflation will be of direct policy interest to economists, sociologists, and national planners.
Full Employment Without Inflation
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Author : John Herman Groesbeck Pierson
language : en
Publisher:
Release Date : 1980
Full Employment Without Inflation written by John Herman Groesbeck Pierson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1980 with Business & Economics categories.
Essays presenting an economic policy proposal for achieving full employment in the USA based on the economic theory concept of "economic performance insurance" - describes EPI as the annual imposition of Federal controls (state intervention) on maximum and minimum levels of employment and consumer expenditure, with corresponding reduction or expansion of public sector employment and consumption tax changes; discusses stabilization procedures for attaining targets, and the implications for inflation and trade. References.
Full Employment Without Inflation
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Author : Tim Hazledine
language : en
Publisher: Springer
Release Date : 1984-12-09
Full Employment Without Inflation written by Tim Hazledine and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984-12-09 with Business & Economics categories.
Full Employment Without Inflation
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Author : John Grieve Smith
language : en
Publisher:
Release Date : 1996
Full Employment Without Inflation written by John Grieve Smith and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Economics categories.
Full Employment Without Inflation
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Author : James Edward Meade
language : en
Publisher:
Release Date : 1996
Full Employment Without Inflation written by James Edward Meade and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Labor supply categories.
Beyond Welfare And Full Employment
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Author : Dean Amory Worcester
language : en
Publisher:
Release Date : 1972
Beyond Welfare And Full Employment written by Dean Amory Worcester and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1972 with Employment (Economic theory). categories.
Monograph proposing that existing welfare policies in the USA be succeeded by an incomes policy which would provide a guaranteed minimum family income without reducing employment incentives - considers the effect of income security on unemployment, and covers unemployment benefit, financing of welfare programmes, social protection, employment policies, employment opportunity, the minimum wage, employees attitudes, etc. Diagrams and references.
Beyond Welfare And Full Employment
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Author : Dean A. Worcester
language : en
Publisher:
Release Date : 1972
Beyond Welfare And Full Employment written by Dean A. Worcester and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1972 with categories.
Full Employment Abandoned
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Author : William Mitchell
language : en
Publisher: Edward Elgar Publishing
Release Date : 2008-01-01
Full Employment Abandoned written by William Mitchell and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-01-01 with Business & Economics categories.
This book by William Mitchell and Joan Muysken is both important and timely. It deals with the issue of the abandonment of full employment as an objective of economic policy in the OECD countries. It argues persuasively that macroeconomic policy has been restrictive over the recent, and not so recent past, and has produced substantial open and disguised unemployment. But the authors show how a job guarantee policy can enable workers, who would otherwise be unemployed, to earn a wage and not depend on welfare support. If such a policy is fully supported by appropriate fiscal and monetary programmes, it can create full employment with price stability, which the authors label as a Non-Accelerating-Inflation-Buffer Employment Ratio (NAIBER). This book is essential reading for any one wishing to understand how we can return to full employment as the normal state of affairs. Philip Arestis, University of Cambridge, UK 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 interventions. The authors contend that neo-liberal governments now consider unemployment to be an individual problem rather than a reflection of systemic policy failure and that they are content to use unemployment as a policy instrument to control inflation and coerce the unemployed with work tests and compliance programmes rather than provide sufficient employment. They present a comprehensive theoretical and empirical critique of this policy approach, with a refreshing new framework for understanding modern monetary economies. The authors show that the reinstatement of full employment with price stability is a viable policy goal that can be achieved by activist fiscal policy through the introduction of a Job Guarantee. Full Employment Abandoned will appeal to graduate and postgraduate students and researchers of economics and politics with an interest in macroeconomic policy and the labour market, particularly unemployment and neo-liberal policy frameworks.
Fuller Employment With Less Inflation
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Author : Irving Herbert Siegel
language : en
Publisher: Kalamazoo, Mich. : W.E. Upjohn Institute for Employment Research
Release Date : 1981
Fuller Employment With Less Inflation written by Irving Herbert Siegel and has been published by Kalamazoo, Mich. : W.E. Upjohn Institute for Employment Research this book supported file pdf, txt, epub, kindle and other format this book has been release on 1981 with Business & Economics categories.
Essays on economic policy options for combating inflation and reducing unemployment in view of attaining full employment in the USA - discusses alternative policy measures in respect of incomes policy, wage policy, price policy and price stabilization, fiscal policy, monetary policy, employment policy and productivity policy, and proposes a system for statistical analysis in which hourly earnings, unit labour costs, productivity and prices are treated symmetrically. References.
Second Thoughts On Full Employment Policy
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Author : Samuel Brittan
language : en
Publisher:
Release Date : 1975
Second Thoughts On Full Employment Policy written by Samuel Brittan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1975 with Full employment policies categories.