Back to Full Employment


Book Description

Economist Robert Pollin argues that the United States needs to try to implement full employment and how it can help the economy.




Achieving Full Employment


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Full Employment in a Free Society (Works of William H. Beveridge)


Book Description

Beveridge defined full employment as a state where there are slightly more vacant jobs than there are available workers, or not more than 3% of the total workforce. This book discusses how this goal might be achieved, beginning with the thesis that because individual employers are not capable of creating full employment, it must be the responsibility of the state. Beveridge claimed that the upward pressure on wages, due to the increased bargaining strength of labour, would be eased by rising productivity, and kept in check by a system of wage arbitration. The cooperation of workers would be secured by the common interest in the ideal of full employment. Alternative measures for achieving full employment included Keynesian-style fiscal regulation, direct control of manpower, and state control of the means of production. The impetus behind Beveridge's thinking was social justice and the creation of an ideal new society after the war. The book was written in the context of an economy which would have to transfer from wartime direction to peace time. It was then updated in 1960, following a decade where the average unemployment rate in Britain was in fact nearly 1.5%.




Inclusive Growth, Full Employment, and Structural Change


Book Description

'Inclusive Growth, Full Employment, and Structural Change: Implications and Policies for Developing Asia' discusses policies to achieve inclusive growth in developing Asia, including agriculture, investment, certain state interventions, monetary, fiscal, and the role of the state as employer of last resort. Felipe argues that full employment of the labor force is the key to delivering inclusive growth. Full employment is the most direct way to improve the well-being of the people, especially of the most disadvantaged. Since unemployment and underemployment are pervasive in many parts of the region, Asian leaders must commit to the goal of full employment. The book also analyzes the region's phenomenal growth in recent decades in terms of structural transformation. Accelerating it is vital for the continued growth of developing Asia. But efforts to achieve full employment might be held back given that structural transformation requires massive labor shifts across sectors, and these are difficult to coordinate. Moreover, the goal of full employment was abandoned in the 1970s, and governments and central banks have since concentrated on keeping inflation low.




Achieving Full Employment


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Aggregate Demand and Employment


Book Description

With an emphasis on developments during and after the Great Recession, and paying due attention to the impacts of austerity policies, the chapters assembled for this book explain that high growth of aggregate demand is as essential as ever for achieving full employment and rising living standards. Written by distinguished Keynesian and Post-Keynesian economists from diverse national backgrounds, the book tackles critical theoretical and empirical issues to illuminate the economic experiences both of large geographic regions such as Europe, Latin America, and Africa, as well as specific national economies including the USA, Japan, India, and Canada.




Field Hearings on Achieving Full Employment


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Towards the Goal of Full Employment


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This study provides an overview of the current global employment situation. It examines the effectiveness of existing policies and how many of them fall short in today's economic climate.




The General Theory of Employment, Interest, and Money


Book Description

This book was originally published by Macmillan in 1936. It was voted the top Academic Book that Shaped Modern Britain by Academic Book Week (UK) in 2017, and in 2011 was placed on Time Magazine's top 100 non-fiction books written in English since 1923. Reissued with a fresh Introduction by the Nobel-prize winner Paul Krugman and a new Afterword by Keynes’ biographer Robert Skidelsky, this important work is made available to a new generation. The General Theory of Employment, Interest and Money transformed economics and changed the face of modern macroeconomics. Keynes’ argument is based on the idea that the level of employment is not determined by the price of labour, but by the spending of money. It gave way to an entirely new approach where employment, inflation and the market economy are concerned. Highly provocative at its time of publication, this book and Keynes’ theories continue to remain the subject of much support and praise, criticism and debate. Economists at any stage in their career will enjoy revisiting this treatise and observing the relevance of Keynes’ work in today’s contemporary climate.




Full Employment


Book Description

PROBLEM: Between 1993 & 2005, the United States needs to create 40 million new jobs to reach full employment, defined by the author as an unemployment rate of less than 3 percent of those who want full-time jobs. SOLUTIONS: The author finds that most of the job growth will have to come from the service sector & proposes changes in taxes & governmental regulations to encourage growth in that sector. However, to reach the target, a combination of job sharing through reduction of working hours & restricting eligibility to work of youth & discouraging work by the elderly will be required. The book examines the implications of the increased leisure that these changes will bring. Two preconditions for full employment, an educated workforce & a stable economy, are also discussed. The book concludes that if these preconditions are met & the recommended changes are adopted, full employment indeed is possible. THE AUTHOR: A Summa Cum Laude graduate of Bowdoin College, Peter M. Rinaldo is a free-lance writer & economics buff. He has written nine published books including 1993's UNNECESSARY WARS? (ISBN 0-9622123-7-7), which was favorably reviewed in PUBLISHERS WEEKLY & elsewhere. TO ORDER: DorPete Press, P.O. Box 238, Briarcliff Manor, NY 10510. Phone: 914-941-7029. FAX: 914-941-5876.