Fighting Unemployment

Fighting Unemployment : The Limits of Free Market Orthodoxy

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Description

This book challenges free market orthodoxy. The chapters include both cross-country analyses and individual country case studies by leading labor economists from seven North American and European countries. The unifying theme across the essays is that the orthodox case for blaming persistent high unemployment on labor market institutions is simply not supported by the available evidence. This question has enormous policy significance. Since the individual, economic and social costs of unemployment are so high, we need to fight unemployment as effectively as possible. But it is often forgotten - often by well-paid tenured economists - that eliminating social protections through rolling back the welfare state has high individual, economic and social costs as well. The essays in this volume suggest that the conventional focus on labor market deregulation has been misplaced. More plausible sources of joblessness include tight European macro economic policy, political instability, poor coordination between "social partners" (employers, unions, and the state), the challenge of responding to rapid demographic changes (the "baby boom"), and the need for rapid shifts in employment from agriculture, mining and heavy industry to service jobs in some less developed regions.show more

Product details

  • Hardback | 368 pages
  • 160 x 231.1 x 25.4mm | 635.04g
  • Oxford University Press Inc
  • New York, United States
  • English
  • graphs and tables
  • 0195165845
  • 9780195165845

Review quote

This book blows the lid off the myths and exposes the argument as fundamental misconception Jayati Ghosh, Asian Ageshow more

About David R. Howell

David Howell, is Associate Dean and Professor of economics and public policy at the Milano Graduate School of Management and Urban Policy, New School University (New York City). He also teaches in the Economics Department of the Graduate Faculty and is a Research Associate at the University's Center for Economic Policy Analysis (CEPA). His recent published work has addressed wage inequality in the United States, unemployment across OECD countries and the labor market implications of immigration in U.S. cities.show more