Employment and Economic Performance Jobs, Inflation, and Growth

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 entirely different 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 to this 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 and considers what would be involved in a move to much lower levels of unemployment.

1. - Liberalization and Globalization: An unhealthy euphoria
2. - Expansionary Policy for Full Employment in the United States: Retrospective on the 1960s and current period prospects
3. - Effective Demand and Disguised Unemployment
4. - Economic Functioning, Self-Sufficiency, and Full Employment
5. - Unemployment, Wage Dispersion, and Labour Market Flexibility
6. - Inflation, Economic Performance, and Employment Rights
7. - Is there a Pay Problem?
8. - Economic Policy, Accumulation, and Productivity
9. - Devising a Strategy for Pay
10. - Paying for Job Creation
11. - A Price Well Worth Paying?: The benefits of a full employment strategy