This book dismantles the arguments used by policy makers to justify the abandonment of full employment as a valid goal of national governments. Bill Mitchell and Joan Muysken trace the theoretical analysis of the nature and causes of unemployment over the last 150 years and argue that the shift from involuntary to 'natural rate' conceptions of unemployment since the 1960s has driven an ideological backlash against Keynesian policy interventions. The authors contend that neo-liberal governments now consider unemployment to be an individual problem rather than a reflection of systemic policy failure and that they are content to use unemployment as a policy instrument to control inflation and coerce the unemployed with work tests and compliance programmes rather than provide sufficient employment. They present a comprehensive theoretical and empirical critique of this policy approach, with a refreshing new framework for understanding modern monetary economies. The authors show that the reinstatement of full employment with price stability is a viable policy goal that can be achieved by activist fiscal policy through the introduction of a Job Guarantee. Full Employment Abandoned will appeal to graduate and postgraduate students and researchers of economics and politics with an interest in macroeconomic policy and the labour market, particularly unemployment and neo-liberal policy frameworks.

This book is a critical review of current fiscal and monetary policy in Europe and presents results of both empirical research and a discussion of the theoretical framework behind the policy of the European Central Bank and the Stability and Growth Pact.Macroeconomic policy is often hotly debated within the EU. However, the majority of policy discussions have started from a shared view of how the economy works. This shared neo-classical view is also known as the 'Brussels-Frankfurt consensus'. According to that consensus, European labour markets are too rigid in comparison to the US labour market. Hence, the prevalent view is that the European unemployment problem can be solved by increasing incentives; improving the returns on schooling and redefining the role and the necessity of labour market institutions. In this volume the authors argue that it is not at all clear which institutions cause labour market rigidities and to what extent. They note that the problem of unemployment requires a much broader set of solutions, including active labour market policies, policies concerning schooling and the development of skills. Growth and Cohesion in the European Union also highlights that these microeconomic policies will not in themselves provide the solution to what is essentially a macroeconomic problem. First and foremost the role of aggregate demand in the determination of unemployment has to be placed at the forefront of the debate. The extensive discussion of a broad variety of topics in the field of macroeconomic policy will ensure this book finds a welcome readership amongst researchers and academics of European studies and macroeconomics. Policy advisors will also find much to engage them as the book provides a critical view on the Brussels-Frankfurt consensus, currently so dominant amongst European policymakers.

Eurozone Dystopia traces the origin of the Eurozone and shows how the historical Franco-German rivalry combined with the growing dominance of neo-liberal economic thinking to create a monetary system that was deeply flawed and destined to fail. William Mitchell argues that the political class in Europe is trapped in a destructive groupthink. Based on a flawed understanding of macroeconomic fundamentals, groupthink extols the virtues of the erroneous concept of the self-regulating free market and prevents Europe from seeing its own policy failures. As a result, millions are unemployed, with imperiled member states caught in a cycle of persistent stagnation and rising social instability.Providing a detailed historical analysis of the evolution of the Eurozone and its failings from the 1940s to the present day, the book argues that the Eurozone lacks the necessary monetary architecture, particularly the existence of a federal fiscal function which could have resolved the economic crisis quickly. The author examines the options available to Europe and concludes that an orderly abandonment of the euro and a return to national currencies is the superior option available. The justification for this conclusion is exhaustively argued within a Modern Monetary Theory framework. This thoughtful and accessible account of Europe's economic woes will appeal to all those who are seeking an explanation for the crisis and are receptive to sensible and credible alternatives to the current scenario.

W. R. Mitchell has had a sixty-year connection with the Lake District. It started with his work for 'Cumbria' magazine and from the 1950s he made innumerable trips to find out more about this beautiful area and particularly its people. Using the maxim 'people not places' passed down by Harry Scott, editor of the 'Cumbria' and 'Dalesman' magazines, Bill has carried out countless interviews with a rich tapestry of Lakeland folk. This book reflects on some of the most memorable meetings and reveals links with great names of the area, such as William Wordsworth and Beatrix Potter. Lakeland folk can be set in their ways but have always been keen to talk about a way of life that has changed appreciably with the passing of time. Bill also remembers fondly the many outings of the band of four intrepid walkers, including himself, known as the 'Geriatric Blunderers'. They climbed every mountain and forded every stream of this most beautiful of areas. In 'Lake District Folk' Bill makes a nostalgic walk on his own back through the decades as he recollects some of the many wonderful experiences in the Lakes.

Eurozone Dystopia traces the origin of the Eurozone and shows how the historical Franco-German rivalry combined with the growing dominance of neo-liberal economic thinking to create a monetary system that was deeply flawed and destined to fail. William Mitchell argues that the political class in Europe is trapped in a destructive groupthink. Based on a flawed understanding of macroeconomic fundamentals, groupthink extols the virtues of the erroneous concept of the self-regulating free market and prevents Europe from seeing its own policy failures. As a result, millions are unemployed, with imperiled member states caught in a cycle of persistent stagnation and rising social instability.Providing a detailed historical analysis of the evolution of the Eurozone and its failings from the 1940s to the present day, the book argues that the Eurozone lacks the necessary monetary architecture, particularly the existence of a federal fiscal function which could have resolved the economic crisis quickly. The author examines the options available to Europe and concludes that an orderly abandonment of the euro and a return to national currencies is the superior option available. The justification for this conclusion is exhaustively argued within a Modern Monetary Theory framework. This thoughtful and accessible account of Europe's economic woes will appeal to all those who are seeking an explanation for the crisis and are receptive to sensible and credible alternatives to the current scenario.

This ground-breaking book provides an abundance of fresh insights into Shakespeare's life in relation to his lost family home, New Place. The findings of a major archaeological excavation encourage us to think again about what New Place meant to Shakespeare and, in so doing, challenge some of the long-held assumptions of Shakespearian biography. New Place was the largest house in the borough and the only one with a courtyard. Shakespeare was only ever an intermittent lodger in London. His impressive home gave Shakespeare significant social status and was crucial to his relationship with Stratford-upon-Avon. Archaeology helps to inform biography in this innovative and refreshing study which presents an overview of the site from prehistoric times through to a richly nuanced reconstruction of New Place when Shakespeare and his family lived there, and beyond. This attractively illustrated book is for anyone with a passion for archaeology or Shakespeare. -- .

Written by two of the most eminent Anatolian experts of the day, this book on church history and architecture in Turkey was first published in 1909. Sir William Mitchell Ramsay (1851 1939), Scottish classical scholar and archaeologist, and Gertrude Bell (1868 1926), traveller, archaeologist and diplomatist, joined forces for an expedition investigating the Hittite and Byzantine site of Bin-Bir-Kilisse in Turkey in 1907. Bell was successful in establishing the chronology of Byzantine churches, and her findings constitute the middle two parts of the book, on buildings and ecclesiastical architecture. Ramsay contributed the first and last parts, on the historical and geographical details of the churches and an account of other notable monuments in the region. Ramsay was knighted in 1906 and both scholars were honoured by the Royal Geographical Society. In 1913 Bell became one of the first women to be elected a Fellow of the Society.

Colonialism persists in many African countries due to the continuation of imperial monetary policy. This is the little-known account of the CFA Franc and economic imperialism. The CFA Franc was created in 1945, binding fourteen African states and split into two monetary zones. Why did French colonial authorities create it and how does it work? Why was independence not extended to monetary sovereignty for former French colonies? Through an exploration of the genesis of the currency and an examination of how the economic system works, the authors seek to answer these questions and more. As protests against the colonial currency grow, the need for myth-busting on the CFA Franc is vital and this expose of colonial infrastructure proves that decolonisation is unfinished business.

Armenia and Azerbaijan both used to be part of the Soviet Union, but since that crumbled, ethnic tensions between Armenians and Azerbaijanis increased in the Nagorno-Karabakh region. Nagorno-Karabakh is recognized as part of Azerbaijan, but is predominantly populated by ethnic Armenians. The long-simmering conflict has been escalating in recent months. This book looks at the background and upheaval in these two countries.