The concepts and theories surrounding the economics of unemployment have multiplied and evolved over the course of the twentieth century and into the twenty-first. From Kaleckis theories on the causes of unemployment and policies to achieve full employment to Post-Keynesian economics and New Consensus Models, this volume seeks to provide an overview of the debates which have surrounded the issue of employment in the world of economics, as well as offering fresh insights into an issue which has been the cause of long-standing debate.
With contributions from many experts in the area, this book explores a variety of topics, which include: the relevance of Keynes today to analysing unemployment in both rich and poor countries; Keynesian involuntary unemployment and modern macroeconomics; growth and unemployment in an extended Kaldorian model; Post-Keynesian economics and New Consensus Models (NCM); the unemployment bias of the New Consensus view of macroeconomics; unemployment and the natural interest rate in a Neo-Wicksellian Model; and labour market issues and monetary shocks from a theoretical perspective. This book is an essential companion for all interested to understand more about past debates and current issues in the economics of unemployment.

About the Author

PHILIP ARESTIS is University Director of Research, Cambridge Centre for Economics and Public Policy, Department of Land Economy, University of Cambridge, UK. He is also Adjunct Professor of Economics, University of Utah, US; Senior Scholar, Levy Economics Institute, New York, US; Visiting Professor, University of Leeds, UK; and Visiting Professor, School of Oriental and African Studies (SOAS), University of London, UK. He was a member of the Economics and Econometrics RAE panel in 1996 and in 2001, and Quality Assessor for the quality assessment exercise in Economics of the Scottish Higher Education Funding Council, the Welsh Funding Councils and of the Higher Education Funding Council in England. He was a member of the Council of the Royal Economic Society (RES), and Secretary of the RES Standing Conference of Heads of Department in Economics (CHUDE). He is currently Vice-Chair of the ESRC-funded Macroeconomics, Money and Finance Research Group. He has published as sole author or editor, as well as co-author and co-editor, a number of books, contributed in the form of invited chapters to numerous books, produced research reports for research institutes, and has published widely in academic journals.

 
JOHN MCCOMBIE is Director of the Centre for Economic and Public Policy and Fellow in Economics, Downing College, University of Cambridge, UK. He has previously held positions in Economics departments at the University of Hull and the University of Melbourne. His research interests include the study of national and regional growth disparities, economic growth and the balance-of-payments constraint, and criticisms of the aggregate production function and conventional measures of the rate of technical progress. He has published widely in these areas.