Please use this identifier to cite or link to this item: http://hdl.handle.net/1959.13/43745

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Title
Full employment abandoned: shifting sands and policy failures
Author/Creator
Mitchell, William;  Muysken, Joan
Institution
University of Newcastle. Research Division, Centre of Full Employment and Equity (CofFEE)
Description
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.
Relation
http://www.e-elgar.co.uk/Bookentry_DESCRIPTION.lasso?id=1188
Date
2008
Publisher
Edward Elgar Publishing
Keyword(s)
full employment policies;  unemployment;  employment;  economic theory
Resource Type
book
Identifier
http://hdl.handle.net/1959.13/43745
Identifier
ISBN:9781858985077
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"Full employment abandoned: shifting sands and policy failures"
 
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