This book provides an up-to-date and well-informed overview of the debate on employment. The contributors ask: is full employment possible? Would it lead to inflation, excess of trade union power, and balance of payment deficits? Is full employment affordable? They face up to these questions and consider what would be involved in a move to much lower levels of unemployment. This is an important and original contribution to current policy debate.

• Foreword


• Introduction


• Part I: Global Lessons and Prospects


• 1.: Ajit Singh: Liberalization and Globalization: An unhealthy euphoria


• 2.: Robert Pollin and Elizabeth Zahrt: Expansionary Policy for Full Employment in the United States: Retrospective on the 1960s and current period prospects


• 3.: John Eatwell: Effective Demand and Disguised Unemployment


• Part II: Unemployment and Inequality


• 4.: Roger Tarling and Frank Wilkinson: Economic Functioning, Self-Sufficiency, and Full Employment


• 5.: Brian Henry and Kevin Lee: Unemployment, Wage Dispersion, and Labour Market Flexibility


• 6.: Simon Deakin and Keith Ewing: Inflation, Economic Performance, and Employment Rights


• Part III: Pay and Employment Strategies


• 7.: Peter Robinson: Is there a Pay Problem?


• 8.: Geoff Harcourt: Economic Policy, Accumulation, and Productivity


• 9.: John Grieve Smith: Devising a Strategy for Pay


• Part IV: Policies for Full Employment


• 10.: Andrew Glyn: Paying for Job Creation


• 11.: Michael Kitson, Jonathan Michie, and Holly Sutherland: A Price Well Worth Paying?: The benefits of a full employment strategy


• Index