First published in 1982. Unemployment was a major scourge of the
advanced capitalist countries in the 1930s, but in the golden age
of post-war expansion which lasted until 1973, it had seemingly
been vanquished by enlightened economic policy. Since 1973,
unemployment has re-emerged as a major problem, along with
accelerated inflation and problems of structural adjustment imposed
by soaring energy prices. The rise in European unemployment came in
two surges as a result of the generalised recessions of 1974-5 and
1980-1. At the beginning of 1982 unemployment in the European
Community was running close to 10% of the labour force compared
with a 'norm' of under 2% in the 1960s. These abrupt and serious
changes in the labour market have created major new dilemmas for
economic policy and have stirred significant and acrimonious
theoretical controversy. For this reason it is useful to analyse
the policy issues and the academic debate in a comparative
perspective. The present volume contains three comparative papers
on the employment policy discussions in Germany, the Netherlands
and the UK as well as papers examining the theoretical adequacy of
Keynesian, monetarist, structuralist and Marxist reactions to the
new issues. The papers are all accompanies by a critique from the
discussants.
General
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