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Unemployment in Western Countries : Proceedings of a Conference held by the International Economic Association at Bischenberg, France by Edmond Malinvaud, Jean-Paul Fitoussi (eds.) is a nonfiction available to read on EtoBox.
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E. Grinols and E. Thorbecke use input-output techniques to examine the related but distinct question as to whether trade between the US and the developing countries has caused the US employment situation to deteriorate. A rigorous answer is difficult to get, as usual when one somehow ccmpares an actual evolution with what might have been otherwise. But a careful discussion suggests that the net overall effect between 1962 and 1975 was small and that, if anything, it was rather favourable to American employment. Macroeconomic analysis, which is the subject of the third part, is here mainly approached from the theoretical side, but the last of the five papers deals with an application to the study of trends and policies in one country. The first two are concerned with how analysis of unemployment can benefit from the theory of general equilibrium under sticky prices and rationing. A. G. Hines scrutinises the notion of involuntary unemployment and argues that it can make sense only at the macro level. Indeed, according to him, that unemployment is involuntary which can only be cured by an expansion of aggregate demand by accepting that lower-wage labour would not get rid of this unemp
Who reads Unemployment in Western Countries : Proceedings of a Conference held by the International Economic Association at Bischenberg, France?
It is typically read by self-directed learners exploring a subject in depth.
Common subject areas: history, science, philosophy, social sciences.
- Author
- Edmond Malinvaud, Jean-Paul Fitoussi (eds.)
- Publisher
- Palgrave Macmillan UK : Imprint : Palgrave Macmillan
- Published
- 1980
- Language
- EN
- ISBN
- 9783854204183
- Category
- nonfiction
- Subjects
- Business, Literary Fiction, Economics
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