List of Tables and Figures - Preface - INTRODUCTION - The Nature of Unemployment - Note on Methodology - Definitions - Extent of Unemployment in the OECD - Dimensions of Unemployment in the United Kingdom - Varieties of Unemployment - HISTORICAL DEVELOPMENT - Unemployment and the Origins of Capitalism - The Trade Cycle - Structural and Technological Unemployment - Structural, Technological or Cyclical Unemployment? - THEORY: PETTY TO KEYNES - Lines of Descent - A Self-Regulating System - Precursors of the Welfare State - Marx: The Pursuit of the Trade Cycle: Keynes's Revolution - CONTEMPORARY THOUGHT - Intellectual Ingredients - Case Studies of Current Theories - ASSESSMENT OF CURRENT THEORIES - Methods - Supply-side Economics - Search Unemployment - Rational Expectations - The Natural Rate of Unemployment - Institutional Engineering - OPTIONS, STRATEGIES AND PROGNOSES - Disillusion - Palliatives - Evolution and Adaptation - Mutual Accommodation - Stalemate or Radical Change - Historical Imperatives - A Programme for Economic Research - Summary - Bibliography - Index

This is a study of the changing size of occupational classes, of their concomitant pay structure and the timing and circumstances of changes in this structure, in the period 1906-1960. In marshalling the facts about the numbers of people in the various broad occupational classes, Dr Routh has indicated the rise or fall of numbers in the occupations of which each class is composed, and the relation of these changes to the changing industrial structure of the economy. He also shows changes in participation rate by age and sex over the half-century, and makes some comparisons of the broad occupational structure of Britain with that of some other countries.

An updated version of the classic economics textbook, revised to include current developments in the field. It traces the development of modern economics and assesses the work of many famous theorists. A chronology of the principal works of all economists mentioned in the text is included.