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Books > Business & Economics > Economics > Labour economics > Employment & unemployment

Creating Indigenous Property - Power, Rights, and Relationships (Paperback): Angela Cameron, Sari Graben, Val Napoleon Creating Indigenous Property - Power, Rights, and Relationships (Paperback)
Angela Cameron, Sari Graben, Val Napoleon
R1,387 Discovery Miles 13 870 Ships in 10 - 15 working days

While colonial imposition of the Canadian legal order has undermined Indigenous law, creating gaps and sometimes distortions, Indigenous peoples have taken up the challenge of rebuilding their laws, governance, and economies. Indigenous conceptions of land and property are central to this project. Creating Indigenous Property identifies how contemporary Indigenous conceptions of property are rooted in and informed by their societally specific norms, meanings, and ethics. Through detailed analysis, the authors illustrate that unexamined and unresolved contradictions between the historic and the present have created powerful competing versions of Indigenous law, legal authorities, and practices that reverberate through Indigenous communities. They have identified the contradictions and conflicts within Indigenous communities about relationships to land and non-human life forms, about responsibilities to one another, about environmental decisions, and about wealth distribution. Creating Indigenous Property contributes to identifying the way that Indigenous discourses, processes, and institutions can empower the use of Indigenous law. The book explores different questions generated by these dynamics, including: Where is the public/private divide in Indigenous and Canadian law, and why should it matter? How do land and property shape local economies? Whose voices are heard in debates over property and why are certain voices missing? How does gender matter to the conceptualization of property and the Indigenous legal imagination? What is the role and promise of Indigenous law in negotiating new relationships between Indigenous peoples and Canada? In grappling with these questions, readers will join the authors in exploring the conditions under which Canadian and Indigenous legal orders can productively co-exist.

Forbidden Grounds - The Case against Employment Discrimination Laws (Paperback, New Ed): Richard A. Epstein Forbidden Grounds - The Case against Employment Discrimination Laws (Paperback, New Ed)
Richard A. Epstein
R1,233 R1,130 Discovery Miles 11 300 Save R103 (8%) Ships in 9 - 17 working days

This timely and controversial book presents powerful theoretical and empirical arguments for the repeal of the anti-discrimination laws within the workplace. Richard Epstein demonstrates that these laws set one group against another, impose limits on freedom of choice, unleash bureaucratic excesses, mandate inefficient employment practices, and cause far more invidious discrimination than they prevent. Epstein urges a return to the now-rejected common law principles of individual autonomy that permit all persons to improve their position through trade, contract, and bargain, free of government constraint.

Climate@Work (Paperback, New): Carla Lipsig-Mumme Climate@Work (Paperback, New)
Carla Lipsig-Mumme
R643 Discovery Miles 6 430 Ships in 12 - 19 working days

Climate change is having an increasingly significant impact on work in Canada, and the effect climate change has, and will continue to have, on work concerns many Canadians. However, this fact has not been seriously considered either in academic circles, in the labour movement nor especially by the Canadian government. Climate@Work addresses this deficit by systematically tackling the question of the impact of climate change on work and employment and by analyzing Canada's conservative silence towards climate change and the Canadian government's refusal to take it seriously.

Hitler's Economy - Nazi Work Creation Programs, 1933-1936 (Hardcover, New): Dan P. Silverman Hitler's Economy - Nazi Work Creation Programs, 1933-1936 (Hardcover, New)
Dan P. Silverman
R2,100 Discovery Miles 21 000 Ships in 12 - 19 working days

When Hitler assumed the German chancellorship in January 1933, 34 percent of Germany's work force was unemployed. By 1936, before Hitler's rearmament program took hold of the economy, most of the jobless had disappeared from official unemployment statistics. How did the Nazis put Germany back to work? Was the recovery genuine? If so, how and why was it so much more successful than that of other industrialized nations? "Hitler's Economy" addresses these questions and contributes to our understanding of the internal dynamics and power structure of the Nazi regime in the early years of the Third Reich.

Dan Silverman focuses on Nazi direct work creation programs, utilizing rich archival sources to trace the development and implementation of these programs at the regional and local level. He rigorously evaluates the validity of Nazi labor market statistics and reassesses the relative importance of road construction, housing, land reclamation, and resettlement in Germany's economic recovery, while providing new insights into how these projects were financed. He illuminates the connection between work creation and Nazi race, agriculture, and resettlement policies. Capping his work is a comparative analysis of economic recovery during the 1930s in Germany, Britain, and the United States.

Silverman concludes that the recovery in Germany between 1933 and 1936 was real, not simply the product of statistical trickery and the stimulus of rearmament, and that Nazi work creation programs played a significant role. However, he argues, it was ultimately the workers themselves, toiling under inhumane conditions in labor camps, who paid the price for this recovery. Nazi propaganda glorifyingthe "dignity of work" masked the brutal reality of Hitler's "economic miracle."

The End of the Line (Paperback, New edition): Kathryn Marie Dudley The End of the Line (Paperback, New edition)
Kathryn Marie Dudley
R1,052 Discovery Miles 10 520 Ships in 10 - 15 working days

An evocative and powerful portrait of America in transition, The End of the Line tells the story of what the 1988 closing of the Chrysler assembly plant in Kenosha, Wisconsin, meant to the people who lived in that company town. Since the early days of the twentieth century, Kenosha had forged its identity and politics around the interests of the auto industry. When nearly six thousand workers lost their jobs in the shutdown, the community faced not only a serious economic crisis but also a profound moral one. In this innovative study, Dudley describes the painful, often confusing process of change that residents of Kenosha, like the increasing number of Americans who are caught in the crossfire of deindustrialization, were forced to undergo. Through interviews with displaced autoworkers and Kenosha's community leaders, high-school counselors, and a rising class of upwardly mobile professionals, Dudley dramatizes the lessons Kenoshans drew from the plant shutdown. When economic forces intrude on our lives, the resulting changes in earning power, status, and access to opportunity affect our sense of who we are, what we are worth, the nature of the world we live in, and in particular, what it takes to succeed. Dudley examines how ideas about self-worth - especially those based on market ideologies of competition and the Darwinian notion that only the fittest survive - become the subject of intense cultural conflict. Dudley describes a community in conflict with itself: while Kenosha's autoworkers struggle to regain an economic foothold and make sense of their suddenly devalued place in society, white-collar workers, professionals, and a new wave of politicians see themselves at thevanguard of a new moral order that redefines community as a "culture of mind" instead of the traditional "culture of hands" long associated with the work of the assembly line. This honest, moving portrait of one town's radical shift from a manufacturing to a postindustrial economy will redefine the way Americans across class lines think about our families, communities, and future.

From Consent to Coercion - The Continuing Assault on Labour (Paperback, 4th ed.): Bryan Evans, Carlo Fanelli, Leo Panitch,... From Consent to Coercion - The Continuing Assault on Labour (Paperback, 4th ed.)
Bryan Evans, Carlo Fanelli, Leo Panitch, Donald Swartz
R816 Discovery Miles 8 160 Ships in 12 - 19 working days

From Consent to Coercion examines the increasing assault against trade union rights and freedoms in Canada by federal and provincial governments. Centring the struggles of Canadian unionized workers, this book explores the diminution of the welfare state and the impacts that this erosion has had on broader working-class rights and standards of living. The fourth edition witnesses the passing of an era of free collective bargaining in Canada - an era in which the state and capital relied on obtaining the consent of workers and unions to act as subordinates in Canada's capitalist democracy. It looks at how the last twenty years have marked a return to a more open reliance of the state and capital on coercion - on force and on fear - to secure that subordination. From Consent to Coercion considers this conjuncture in the Canadian political economy amid growing precarity, poverty, and polarization in an otherwise indeterminate period of austerity. This important edition calls attention to the urgent task of rebuilding and renewing socialist politics - of thinking ambitiously and meeting new challenges with unique solutions to the left of social democracy.

Unemployment - Issues, Benefits and COVID-19 (Hardcover): Darrin M. Davis Unemployment - Issues, Benefits and COVID-19 (Hardcover)
Darrin M. Davis
R4,202 Discovery Miles 42 020 Ships in 12 - 19 working days

The 116th Congress recently enacted benefits related to two unemployment insurance (UI) programs: Unemployment Compensation (UC) and Disaster Unemployment Assistance (DUA). Congress has continued to consider modifications to these two programs within the federal-state UI system to provide weekly income replacement for individuals unavailable to work or unemployed. This book looks at the important issues concerning unemployment as a result of COVID-19.

Retirement Security - National & International Efforts to Expand Coverage (Hardcover): Rafael Wilkins Retirement Security - National & International Efforts to Expand Coverage (Hardcover)
Rafael Wilkins
R4,028 R3,674 Discovery Miles 36 740 Save R354 (9%) Ships in 12 - 19 working days

Millions of U.S. workers have little or no savings for retirement, potentially adding to future strains on state and national safety net programs. In addition to federal efforts, a growing number of states have proposed efforts to expand coverage in private sector workplace retirement savings programs. Other countries have also implemented similar efforts. This book examines recent estimates of coverage, including access and participation, as well as characteristics of workers who lack coverage; strategies used by states and other countries to expand coverage; and challenges states could face given existing federal law and regulations.

Breadwinners - Working Women and Economic Independence, 1865-1920 (Paperback): Lara Vapnek Breadwinners - Working Women and Economic Independence, 1865-1920 (Paperback)
Lara Vapnek
R639 Discovery Miles 6 390 Ships in 12 - 19 working days

This study of feminist labor reform examines how working women pursued equality by claiming new identities for themselves as citizens and as breadwinners. Lara Vapnek tells the story of American labor feminism from the end of the Civil War through the winning of woman suffrage rights, a period in which working women in the nation's industrializing cities launched a series of campaigns to gain economic equality and political power. Focusing particularly on disjunctions between middle-class and working-class women's notions of independence, Vapnek highlights the specific contributions of reformers such as Jennie Collins, Leonora O'Reilly, and Helen Campbell, and organizations such as the National Consumers' League, the Women's Educational and Industrial Union, and the Women's Trade Union League. Locating households as important sites of class conflict, "Breadwinners" recovers the class and gender politics behind the marginalization of domestic workers in debates over labor reform while documenting the ways in which working-class women raised their voices on their own behalf.

Why America Lost the War on Poverty--And How to Win It (Paperback, New edition): Frank Stricker Why America Lost the War on Poverty--And How to Win It (Paperback, New edition)
Frank Stricker
R1,161 Discovery Miles 11 610 Ships in 10 - 15 working days

In a provocative assessment of American poverty and policy from 1950 to the present, Frank Stricker examines an era that has seen serious discussion about the causes of poverty and unemployment. Analyzing the War on Poverty, theories of the culture of poverty and the underclass, the effects of Reaganomics, and the 1996 welfare reform, Stricker demonstrates that most antipoverty approaches are futile without the presence (or creation) of good jobs. Stricker notes that since the 1970s, U.S. poverty levels have remained at or above 11 per cent, despite training programs and periods of economic growth. The creation of jobs has continued to lag behind the need for them. Stricker argues that a serious public debate is needed about the job situation; social programs must be redesigned, a national health care program must be developed, and economic inequality must be addressed. He urges all sides to be honest - if we don't want to eliminate poverty, then we should say so. But if we do want to reduce poverty significantly, he says, we must expand decent jobs and government income programs, redirecting national resources away from the rich and toward those with low incomes. ""Why America Lost the War on Poverty - And How to Win It"" is sure to prompt much-needed debate on how to move forward.

Just Around The Corner - The Paradox Of The Jobless Recovery (Paperback, New): Stanley Aronowitz Just Around The Corner - The Paradox Of The Jobless Recovery (Paperback, New)
Stanley Aronowitz
R602 Discovery Miles 6 020 Ships in 12 - 19 working days

Americans have always believed that economic growth leads to job growth. In this groundbreaking analysis, Stanley Aronowitz argues that this is no longer true. Just Around the Corner examines the state of the American economy as planned by Democrats and Republicans over the last thirty years. Aronowitz finds that economic growth has become \u0022delinked\u0022 from job creation, and that unemployment and underemployment are a permanent condition of our economy. He traces the historical roots of this state of affairs and sees under the surface of booms and busts a continuum of economic austerity that creates financial windfalls for the rich at the expense of most Americans. Aronowitz also explores the cultural and political processes by which we have come to describe and accept economics in the United States. He concludes by presenting a concrete plan of action that would guarantee employment and living wages for all Americans. With both measured analysis and persuasive reasoning, Just Around the Corner provides an indispensable guide to our current economic predicament and a bold challenge to economists and policymakers.

Employing Bureaucracy - Managers, Unions, and the Transformation of Work in the 20th Century, Revised Edition (Hardcover,... Employing Bureaucracy - Managers, Unions, and the Transformation of Work in the 20th Century, Revised Edition (Hardcover, Revised Ed)
Sanford M. Jacoby
R4,862 Discovery Miles 48 620 Ships in 10 - 15 working days

Deftly blending social and business history with economic analysis, "Employing Bureaucracy" shows how the American workplace shifted from a market-oriented system to a bureaucratic one over the course of the 20th century. Jacoby explains how an unstable, haphazard employment relationship evolved into one that was more enduring, equitable, and career-oriented. This revised edition presents a new analysis of recent efforts to re-establish a market orientation in the workplace.
This book is a definitive history of the human resource management profession in the United States, showing its diverse roots in engineering, welfare work, and vocational guidance. It explores the recurring tension between the new professional order and traditional line management. Using a variety of sources, Jacoby analyzes the complex relations between personnel managers, labor unions, and government from the late 19th century to the present.
"Employing Bureaucracy: "
*analyzes the origins of the modern employment relationship's distinctive features;
*combines a variety of disciplinary perspectives, from business and labor history to economics, sociology, and management;
*shows the transformation of the American workplace over the course of the 20th century, from market-oriented to bureaucratic to recent efforts to move back to a market orientation; and
*provides the single-best and most sophisticated history of the origins and development of the modern "HR" profession.
For historians, social scientists, and practitioners, this book is a readable and rewarding study. With the future of work currently under debate, it is critical that the historical process that produced the modernAmerican workplace is understood.
Read the "Workforce Management Magazine" review about "Employing Bureaucracy" at www.erlbaum.com.

Driven Apart - Women's Employment Equality and Child Care in Canadian Public Policy (Hardcover): Annis May Timpson Driven Apart - Women's Employment Equality and Child Care in Canadian Public Policy (Hardcover)
Annis May Timpson
R2,254 Discovery Miles 22 540 Ships in 12 - 19 working days

Annis May Timpson demonstrates how Canadian women's calls for family-friendly employment policies have translated into inaction or inappropriate action on the part of successive federal governments. She focuses on debates, public inquiries, and policy evolution during the Trudeau, Mulroney, and Chretien eras, contextualizing these developments with a discussion of the changing patterns of women's employment since the Second World War. Drawing on a wealth of interviews and close analysis of primary documents, Driven Apart explains why federal governments have been able to implement employment equity policies but have failed to develop a national system of child care. Driven Apart was selected as an Outstanding Academic Title by CHOICE and was awarded The Pierre Savard Prize by the International Council for Canadian Studies.

Race, Space and Youth Labor Markets (Hardcover): Michael A Stoll Race, Space and Youth Labor Markets (Hardcover)
Michael A Stoll
R4,348 Discovery Miles 43 480 Ships in 10 - 15 working days

First published in 1999. Routledge is an imprint of Taylor & Francis, an informa company.

Jobs and Economic Development - Strategies and Practice (Paperback): Robert Giloth Jobs and Economic Development - Strategies and Practice (Paperback)
Robert Giloth
R3,653 Discovery Miles 36 530 Ships in 10 - 15 working days

"Job-centered economic development" integrates approaches from the fields of economic development, employment training, social services, and community development, making access to good jobs a primary outcome. Its strategies focus on connecting disadvantaged adults and youth to family-supporting jobs in their neighborhoods, cities, and regional economies, and ensuring that those jobs are sustainable, providing the basis for long-term careers. Workable policies and practices for job-centered economic development are vitally important to agencies responsible for implementing welfare reform and workforce policy reform. It is a key element of the emerging "new federalism" in U.S. government, and therefore a development strategy critical to the future success of state and local governments. The collection of perspectives in Jobs and Economic Development combines an understanding of today's labor market with evaluations of current approaches to poverty alleviation. Case studies of successful jobs projects illustrate the ingredients needed for effective programs while also identifying the key factors related to program replication and bringing workforce innovations to scale. Finally, the book explores and documents the role of community organizing to bring about effective workforce development, the challenges for evaluators as they seek to understand the impact of these jobs projects, and how the politics of jobs plays out at the local and state levels.

Affirmative Action - Catalyst or Albatross? (Hardcover): S. N Colamery Affirmative Action - Catalyst or Albatross? (Hardcover)
S. N Colamery
R3,620 R2,448 Discovery Miles 24 480 Save R1,172 (32%) Ships in 12 - 19 working days

There seems to be fewer policy issues in Washington and around America which cause more arguments than affirmative action. Both sides in this debate are deeply entrenched and show little, if any, signs of movement. Is it a catalyst or an albatross? In this book, the author has gathered articles concerning the historical background of the legislation and its implementation, analyses of its effects and proposals for revision of various provisions of the law. He has tried to concentrate on issues of employment although two articles cover sexual harassment and one deals with American's with disabilities. The heart of the affirmative action policy is, after all, an attempt toward fairness. One of the pillars which supports America's claim toward greatness is the idea that all of its citizens should have a fair chance. Action is surely required to realise this dream, but which action? It is the author's intention that the papers in this volume will present a useful review of this crucial issue.

The Trade in Domestic Workers - Causes, Mechanisms and Consequences of International Migration (Paperback): Noeleen Heyzer,... The Trade in Domestic Workers - Causes, Mechanisms and Consequences of International Migration (Paperback)
Noeleen Heyzer, Geertje Lycklama A'nieholt, Nedra Werakoon
R1,799 Discovery Miles 17 990 Ships in 10 - 15 working days

This book is about influencing, shaping and designing policies and programmes that affect the international migration and employment of foreign women domestic workers. It provides an overview and synthesis of the causes, mechanisms and consequences of the trade in domestic workers. It also traces the full cycle of international migration, examining both ends of the migration process, from sending to receiving countries. This book is intended as a contribution to the shaping and designing of policies and programmes that would improve the situation of women workers in international migration. It will thus be of use to policy makers, researchers, community and women's groups, international agencies and migrant workers themselves.

Cultivating Workers - Peasants and Capitalism in a Sudanese Village (Hardcover, New): Victoria Bernal Cultivating Workers - Peasants and Capitalism in a Sudanese Village (Hardcover, New)
Victoria Bernal
R2,856 Discovery Miles 28 560 Ships in 10 - 15 working days

Detailed, empirical, micro-level data back up Bernal's arguments as she explores labor markets, rural-to-urban migration, wage levels, patterns of work, capital accumulation, and their impact on Sudanese agriculture and the lives of peasant workers.

Plant Closings - International Context and Social Costs (Hardcover): Dena Targ Plant Closings - International Context and Social Costs (Hardcover)
Dena Targ
R3,272 Discovery Miles 32 720 Ships in 12 - 19 working days

PLANT CLOSED--A sign of the times? These two words have had profound meaning for workers in every factory and office across the country. Millions of workers who have already been displaced by closings have had to pick up the pieces of shattered lives and get on with the business of living. Those who are still working are faced with the insecurity of wondering whether they might find the gates closed some morning when they arrive at work. The number of plant closings and the threat of future closings have raised many questions. What has been happening to the American economy that has resulted in major companies closing their doors? What forces within the international and national political economies are converging to reshape the labor force, eliminating jobs in manufacturing and expanding employment in the lower wage, insecure manufacturing sector? What happens to displaced workers, their families, and the community in which they work? In "Plant Closings," the authors examine the reasons plants close and the social, economic, and psychological consequences. A variety of causes are identified including capital flight, decreasing profit rates, and the pursuit of lower labor costs. Through the analysis of a case study the authors examine the changing health patterns, political attitudes, and financial stability of displaced workers. There is also discussion of the impact on the community at large and on the individual institutions within the community. Finally, the authors analyze legislation that addresses the human and social costs of unemployment. "Carolyn C. Perrucci" is professor of sociology in the Department of Sociology and Anthropology at Purdue University. "Robert Perrucci" is professor of sociology in the Department of Sociology and Anthropology at Purdue University. "Dena B. Targ" is professor in the Department of Child Development and Family Studies at Purdue University. "Harry R. Targ" is professor in the Department of Political Science at Purdue University.

With These Hands (Hardcover): Joan M Jensen With These Hands (Hardcover)
Joan M Jensen
R508 R284 Discovery Miles 2 840 Save R224 (44%) Ships in 12 - 19 working days

Beginning with Native American women, this volume traces the history of farm women of all races in the United States. The complex working lives of rural women - European immigrants, black slaves and then farmers, Hispanic women in the new border states - emerge through letters, songs, fiction, official documents, journal entries, poetry, and oral history. The texts testify to women's love of the land, to their consciousness of racism and sexism, and to their energies for social change.

Debating Unemployment Policy - Political Communication and the Labour Market in Western Europe (Hardcover): Laurent Bernhard,... Debating Unemployment Policy - Political Communication and the Labour Market in Western Europe (Hardcover)
Laurent Bernhard, Flavia Fossati, Regula Hanggli, Hanspeter Kriesi
R3,175 Discovery Miles 31 750 Ships in 12 - 19 working days

In 2008 the world experienced the Great Recession, a financial and economic crisis of enormous proportions and the greatest economic downturn since the 1930s. In its wake, unemployment became a key preoccupation of West European publics and politicians. This comparative study considers the policy debates surrounding unemployment in the United Kingdom, Germany, France, Italy, Denmark and Switzerland since 2008. With an over-arching focus on drawing out cross-national commonalities and differences, the authors ask whether patterns of political communication vary across countries. Their analysis draws on interviews with labour market policy-makers in the six selected countries, and paints a revealing picture. Appealing to researchers in comparative politics, political communication and welfare state research, this book will also interest practitioners involved in labour market policy.

Exploring universal basic income - a guide to navigate concepts, evidence, and practices (Paperback): World Bank Exploring universal basic income - a guide to navigate concepts, evidence, and practices (Paperback)
World Bank; Edited by Ugo Gentilini
R1,547 Discovery Miles 15 470 Ships in 10 - 15 working days

Universal Basic Income (UBI) is one of the most hotly-debated ideas in development and social protection. Drawing from global evidence and experiences, this volume provides a compass to help navigate key issues and trade-offs, as well as offering new data and insights to better inform choices around the appropriateness and feasibility of UBI in different contexts. Structured around seven chapters and based on one of the most comprehensive reviews of the literature available, the book provides a framework to understand the interplay between objectives, design, incentives, micro-simulations, financing, political economy, and implementation of UBI as well as of social assistance more generally.

How South Africa Works - And Must Do Better (Paperback): Jeffrey Herbst, Greg Mills How South Africa Works - And Must Do Better (Paperback)
Jeffrey Herbst, Greg Mills 2
R426 Discovery Miles 4 260 Ships in 2 - 4 working days

The overwhelming challenge that South Africa faces, and has to date failed to address, is unemployment, which falls especially on African youths who were promised a better future after 1994. If the unemployment challenge is not addressed, it will be impossible to sustainably lift many millions of people out of poverty.

How South Africa Works reviews the country’s major economic achievements over the past two decades. Through numerous interviews with politicians, business leaders and analysts, it examines the challenges and opportunities across key productive sectors – including agriculture, manufacturing, services and mining – illustrative of the policy challenges that leaders face. It scrutinises the social grant and education systems to understand if South Africa has established mechanisms for people not only to escape destitution but be ready to be employed, and identifies steps that some of South Africa’s most notable entrepreneurs have taken to build world-class enterprises.

Recognising the essential challenge to cultivate more employers to employ people, How South Africa Works concludes by offering an agenda and active steps for greater competitiveness for government, business and labour.

Intern Nation - How to Earn Nothing and Learn Little in the Brave New Economy (Paperback, Revised ed.): Ross Perlin Intern Nation - How to Earn Nothing and Learn Little in the Brave New Economy (Paperback, Revised ed.)
Ross Perlin 1
R829 R756 Discovery Miles 7 560 Save R73 (9%) Ships in 10 - 15 working days

Millions of young people-and increasingly some not-so-young people-now work as interns. They famously shuttle coffee in a thousand magazine offices, legislative backrooms, and Hollywood studios, but they also deliver aid in Afghanistan, map the human genome, and pick up garbage. Intern Nation is the first expose of the exploitative world of internships. In this witty, astonishing, and serious investigative work, Ross Perlin profiles fellow interns, talks to academics and professionals about what unleashed this phenomenon, and explains why the intern boom is perverting workplace practices around the world. The hardcover publication of this book precipitated a torrent of media coverage in the US and UK, and Perlin has added an entirely new afterword describing the growing focus on this woefully underreported story. Insightful and humorous, Intern Nation will transform the way we think about the culture of work.

Structural Slumps - The Modern Equilibrium Theory of Unemployment, Interest, and Assets (Paperback, Revised): Edmund Phelps Structural Slumps - The Modern Equilibrium Theory of Unemployment, Interest, and Assets (Paperback, Revised)
Edmund Phelps
R1,617 Discovery Miles 16 170 Ships in 10 - 15 working days

Dissatisfied with the explanations of the business cycle provided by the Keynesian, monetarist, New Keynesian, and real business cycle schools, Edmund Phelps has developed from various existing strands - some modern and some classical - a radically different theory to account for the long periods of unemployment that have dogged the economies of the United States and Western Europe since the early 1970s. Phelps sees secular shifts and long swings of the unemployment rate as structural in nature. That is, they are typically the result of movements in the natural rate of unemployment (to which the equilibrium path is always tending) rather than of long-persisting deviations around a natural rate itself impervious to changing structure. What has been lacking is a "structuralist" theory of how the natural rate is disturbed by real demand and supply shocks, foreign and domestic, and the adjustments they set in motion. To study the determination of the natural rate path, Phelps constructs three stylized general-equilibrium models, each one built around a distinct kind of asset in which firms invest and which is important for the hiring decision. An element of these models is the modern economics of the labor market whereby firms, in seeking to dampen their employees' propensities to quit and shirk, drive wages above market-clearing levels - the phenomenon of the "incentive wage" - and so generate involuntary unemployment in labor-market equilibrium. Another element is the capital market, where interest rates are disturbed by demand and supply shocks such as shifts in profitability, thrift, productivity, and the rate of technical progress and population increase. A general-equilibrium analysisshows how various real shocks, operating through interest rates upon the demand for employees and through the propensity to quit and shirk upon the incentive wage, act upon the natural rate (and thus equilibrium path). In an econometric and historical section, the new theory of economic activity is submitted to certain empirical tests against global postwar data. In the final section the author draws from the theory some suggestions for government policy measures that would best serve to combat structural slumps.

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