Unemployment And The Economists
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Unemployment And The Economists
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Author : Bernard Corry
language : en
Publisher: Edward Elgar Publishing
Release Date : 1996
Unemployment And The Economists written by Bernard Corry 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 1996 with Business & Economics categories.
Six British economists address economic ideas, beliefs, and arguments regarding the causes and possible solutions to unemployment. An overview essay by Bernard Corry is followed by an essay in which Terry Peach addresses Ricardo's debates with Malthus on unemployment following the Napoleonic wars, while Jose Harris examines unemployment from 1870 to 1914. George Peden evaluates the interwar British Treasury's rejection of borrowing to counter unemployment and Alan Budd's paper is on the theory and practice of unemployment policy since WWII. Includes a concluding contribution by Walter Eltis. Annotation copyright by Book News, Inc., Portland, OR
Unemployment
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Author : Guy Routh
language : en
Publisher: Springer
Release Date : 1986-05-28
Unemployment written by Guy Routh and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986-05-28 with Business & Economics categories.
Markets Unemployment And Economic Policy
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Author : Philip Arestis
language : en
Publisher: Routledge
Release Date : 2005-10-19
Markets Unemployment And Economic Policy written by Philip Arestis and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-10-19 with Business & Economics categories.
In this volume more than 40 leading economists pay tribute to, and critically evaluate, Geoff Harcourt's work. Contributors include Tony Atkinson, Tony Lawson, Edward Nell and Ian Steedman.
Out Of Work
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Author : Richard K Vedder
language : en
Publisher: NYU Press
Release Date : 1997-07-01
Out Of Work written by Richard K Vedder and has been published by NYU Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-07-01 with Business & Economics categories.
Redefining the way we think about unemployment in America today, Out of Work offers devastating evidence that the major cause of high unemployment in the United States is the government itself. An Independent Institute Book
Unemployment In History
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Author : John Arthur Garraty
language : en
Publisher: New York : Harper & Row
Release Date : 1978
Unemployment In History written by John Arthur Garraty and has been published by New York : Harper & Row this book supported file pdf, txt, epub, kindle and other format this book has been release on 1978 with Business & Economics categories.
"This important book by a major historian is the first to study how the problem of people out of work has been understood and dealt with in the Western world. Garraty discusses the ambivalent attitudes that people have always had toward work and how attitudes and perceptions have changed from ancient times to the present. He deals with what economists and philosophers have written about the problem over the centuries, with what public officials, heads of state, and politicians have said and done about it, with how effective the various "cures" have been, and with the situation today"--Book jacket.
Understanding Unemployment
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Author : Lawrence H. Summers
language : en
Publisher: MIT Press (MA)
Release Date : 1990
Understanding Unemployment written by Lawrence H. Summers and has been published by MIT Press (MA) this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with Unemployment categories.
This collection of work by Lawrence Summers and colleagues Kim Clark, James Poterba, Gregory Mankiw, Julio Rotemberg, and Olivier Blanchard explores new theories of joblessness that could eventually explain why unemployment remains high despite relatively healthy economic growth. It is based on the notion that joblessness is an important, measurable, and definable concept of pervasive importance in modern economies. Understanding Unemployment contains a number of articles that have changed the way economists think about unemployment. These examine the burden of unemployment, the extent to which normal measures understate its consequences, its relationship to supply and demand factors, and the role of unions. Substantial introductory and concluding chapters present new and original material on the crucial facts that any theory of unemployment must grapple with, and the types of theories needed to accommodate the empirical facts of today's unemployment. Lawrence H. Summers is Vice President and Chief Economist at the World Bank, Professor of Economics at Harvard University, and Research Associate at the National Bureau of Economic Research. He is editor of the series Tax Policy and the Economy.
Involuntary Unemployment
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Author : Michel de Vroey
language : en
Publisher: Psychology Press
Release Date : 2004
Involuntary Unemployment written by Michel de Vroey and has been published by Psychology Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Employment (Economic theory) categories.
This book tackles the issue of involuntary employment, examining the issue in the light of Keynesian and Post-Keynesian theory.
Unemployment
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Author : K. G. Knight
language : en
Publisher: Routledge
Release Date : 2018-12-07
Unemployment written by K. G. Knight and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-12-07 with Business & Economics categories.
First published in 1987. Unemployment is currently the major economic concern in developed economies. This book provides a comprehensive analysis of the economics of unemployment. It concentrates on theories of the labour market and examines the critical inter-relationships with the rest of the economy. It provides a thorough evaluation of theory and extensive consideration of the relevant empirical evidence. It emphasises the multi-causal nature of unemployment and concludes that policy-makers should respond with a multi-faceted mix of policies.
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.
Why Wages Don T Fall During A Recession
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Author : Truman F. BEWLEY
language : en
Publisher: Harvard University Press
Release Date : 2009-06-30
Why Wages Don T Fall During A Recession written by Truman F. BEWLEY and has been published by Harvard University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-06-30 with Business & Economics categories.
A deep question in economics is why wages and salaries don't fall during recessions. This is not true of other prices, which adjust relatively quickly to reflect changes in demand and supply. Although economists have posited many theories to account for wage rigidity, none is satisfactory. Eschewing "top-down" theorizing, Truman Bewley explored the puzzle by interviewing--during the recession of the early 1990s--over three hundred business executives and labor leaders as well as professional recruiters and advisors to the unemployed. By taking this approach, gaining the confidence of his interlocutors and asking them detailed questions in a nonstructured way, he was able to uncover empirically the circumstances that give rise to wage rigidity. He found that the executives were averse to cutting wages of either current employees or new hires, even during the economic downturn when demand for their products fell sharply. They believed that cutting wages would hurt morale, which they felt was critical in gaining the cooperation of their employees and in convincing them to internalize the managers' objectives for the company. Bewley's findings contradict most theories of wage rigidity and provide fascinating insights into the problems businesses face that prevent labor markets from clearing. Table of Contents: Acknowledgments 1. Introduction 2. Methods 3. Time and Location 4. Morale 5. Company Risk Aversion 6. Internal Pay Structure 7. External Pay Structure 8. The Shirking Theory 9. The Pay of New Hires in the Primary Sector 10. Raises 11. Resistance to Pay Reduction 12. Experiences with Pay Reduction 13. Layoffs 14. Severance Benefits 15. Hiring 16. Voluntary Turnover 17. The Secondary Sector 18. The Unemployed 19. Information, Wage Rigidity, and Labor Negotiations 20. Existing Theories 21. Remarks on Theory 22. Whereto from Here? Notes References Index Reviews of this book: In Why Wages Don't Fall During A Recession, [Truman Bewley] tackles one of the oldest, and most controversial, puzzles in economics: why nominal wages rarely fall (and real wages do not fall enough) when unemployment is high. But he does so in a novel way, through interviews with over 300 businessmen, union leaders, job recruiters and unemployment counsellors in the north-eastern United States during the early 1990s recession...Mr. Bewley concludes that employers resist pay cuts largely because the savings from lower wages are usually outweighed by the cost of denting workers' morale: pay cuts hit workers' standard of living and lower their self-esteem. Falling morale raises staff turnover and reduces productivity...Mr. Bewley's theory has some interesting implications...[and] has a ring of truth to it. --The Economist Reviews of this book: This contribution to the growing literature on behavioral macroeconomics threatens to disturb the tranquil state of macroeconomic theory that has prevailed in recent years...Bewley's argument will be hard for conventional macroeconomists to ignore, partly because of the extraordinary thoroughness and honesty with which he evidently conducted his investigation, and the sheer volume of evidence he provides...Although Bewley's work will not settle the substantive debates related to wage rigidity, it is likely to have a profound influence on the way macroeconomists construct models. In particular, the concepts of morale, fairness, and money illusion are almost certain to play a big role in macroeconomic theory. His demonstration that there exist in reality simple, robust behavioral patters that cannot plausibly be founded on traditional maximizing behabior also raises the prospect of a more empirically oriented, more behavioral macroeconomics in the future. --Peter Howitt, journal of Economic Literature Reviews of this book: I think any scholar interested in labour markets and wage determination should read this well-written, lively, and highly stimulating book...[It] provides a fresh view and a lot of complementary background knowledge about how experienced people in the field see the employment relationship and what is actually crucial. Knowledge of this sort is all too rare in economics, and Truman Bewley's truly impressive study can serve as a role model for future investigations. --Simon G'chter, Journal of Institutional and Theoretical Economics To call this book a breath of fresh air is an understatement. The direct insights are fascinating, and Truman Bewley's use of them is sharp and insightful. Labor economists and macroeconomists have a lot to think about. --Robert M. Solow, Nobel Laureate, Institute Professor of Economics, Emeritus, Massachusetts Institute of Technology Truman Bewley set out to conduct a handful of interviews with business executives to gain some theoretical inspiration, and his project blossomed into over 300 interviews with business people, labor leaders and consultants. He is truly the accidental interviewer of economics. Time and again, he found that workers behave like people, not atomistic, selfish economic agents. His insights will engage and enrage economic theorists and empiricists for years to come. --Alan Krueger, Bendheim Professor of Economics and Public Affairs, Princeton University