Full Employment Abandoned: Shifting Sands and Policy Failures (Google eBook)

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Edward Elgar Publishing, Jan 1, 2008 - Business & Economics - 320 pages
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This book by William Mitchell and Joan Muysken is both important and timely. It deals with the issue of the abandonment of full employment as an objective of economic policy in the OECD countries. It argues persuasively that macroeconomic policy has been
  

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Contents

1 The full employment framework and its demise
3
2 Early views on unemployment and the Phillips curve
23
3 The Phillips curve and shifting views on unemployment
49
the hoax that undermined full employment
81
shifting sands and policy failures
121
5 The shift to full employability
123
the new mantra of macroeconomics
146
7 The neglected role of aggregate demand
163
foundations for an active policy
203
8 A monetary framework for fiscal policy activism
205
9 Buffer stocks and price stability
224
the urgency of full employment
260
References
267
Index
289
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