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Unlike some other reproductions of classic texts (1) We have not
used OCR(Optical Character Recognition), as this leads to bad
quality books with introduced typos. (2) In books where there are
images such as portraits, maps, sketches etc We have endeavoured to
keep the quality of these images, so they represent accurately the
original artefact. Although occasionally there may be certain
imperfections with these old texts, we feel they deserve to be made
available for future generations to enjoy.
Unlike some other reproductions of classic texts (1) We have not
used OCR(Optical Character Recognition), as this leads to bad
quality books with introduced typos. (2) In books where there are
images such as portraits, maps, sketches etc We have endeavoured to
keep the quality of these images, so they represent accurately the
original artefact. Although occasionally there may be certain
imperfections with these old texts, we feel they deserve to be made
available for future generations to enjoy.
Unlike some other reproductions of classic texts (1) We have not
used OCR(Optical Character Recognition), as this leads to bad
quality books with introduced typos. (2) In books where there are
images such as portraits, maps, sketches etc We have endeavoured to
keep the quality of these images, so they represent accurately the
original artefact. Although occasionally there may be certain
imperfections with these old texts, we feel they deserve to be made
available for future generations to enjoy.
Unlike some other reproductions of classic texts (1) We have not
used OCR(Optical Character Recognition), as this leads to bad
quality books with introduced typos. (2) In books where there are
images such as portraits, maps, sketches etc We have endeavoured to
keep the quality of these images, so they represent accurately the
original artefact. Although occasionally there may be certain
imperfections with these old texts, we feel they deserve to be made
available for future generations to enjoy.
Unlike some other reproductions of classic texts (1) We have not
used OCR(Optical Character Recognition), as this leads to bad
quality books with introduced typos. (2) In books where there are
images such as portraits, maps, sketches etc We have endeavoured to
keep the quality of these images, so they represent accurately the
original artefact. Although occasionally there may be certain
imperfections with these old texts, we feel they deserve to be made
available for future generations to enjoy.
Unlike some other reproductions of classic texts (1) We have not
used OCR(Optical Character Recognition), as this leads to bad
quality books with introduced typos. (2) In books where there are
images such as portraits, maps, sketches etc We have endeavoured to
keep the quality of these images, so they represent accurately the
original artefact. Although occasionally there may be certain
imperfections with these old texts, we feel they deserve to be made
available for future generations to enjoy.
Unlike some other reproductions of classic texts (1) We have not
used OCR(Optical Character Recognition), as this leads to bad
quality books with introduced typos. (2) In books where there are
images such as portraits, maps, sketches etc We have endeavoured to
keep the quality of these images, so they represent accurately the
original artefact. Although occasionally there may be certain
imperfections with these old texts, we feel they deserve to be made
available for future generations to enjoy.
Unlike some other reproductions of classic texts (1) We have not
used OCR(Optical Character Recognition), as this leads to bad
quality books with introduced typos. (2) In books where there are
images such as portraits, maps, sketches etc We have endeavoured to
keep the quality of these images, so they represent accurately the
original artefact. Although occasionally there may be certain
imperfections with these old texts, we feel they deserve to be made
available for future generations to enjoy.
Unlike some other reproductions of classic texts (1) We have not
used OCR(Optical Character Recognition), as this leads to bad
quality books with introduced typos. (2) In books where there are
images such as portraits, maps, sketches etc We have endeavoured to
keep the quality of these images, so they represent accurately the
original artefact. Although occasionally there may be certain
imperfections with these old texts, we feel they deserve to be made
available for future generations to enjoy.
Unlike some other reproductions of classic texts (1) We have not
used OCR(Optical Character Recognition), as this leads to bad
quality books with introduced typos. (2) In books where there are
images such as portraits, maps, sketches etc We have endeavoured to
keep the quality of these images, so they represent accurately the
original artefact. Although occasionally there may be certain
imperfections with these old texts, we feel they deserve to be made
available for future generations to enjoy.
Unlike some other reproductions of classic texts (1) We have not
used OCR(Optical Character Recognition), as this leads to bad
quality books with introduced typos. (2) In books where there are
images such as portraits, maps, sketches etc We have endeavoured to
keep the quality of these images, so they represent accurately the
original artefact. Although occasionally there may be certain
imperfections with these old texts, we feel they deserve to be made
available for future generations to enjoy.
Unlike some other reproductions of classic texts (1) We have not
used OCR(Optical Character Recognition), as this leads to bad
quality books with introduced typos. (2) In books where there are
images such as portraits, maps, sketches etc We have endeavoured to
keep the quality of these images, so they represent accurately the
original artefact. Although occasionally there may be certain
imperfections with these old texts, we feel they deserve to be made
available for future generations to enjoy.
Unlike some other reproductions of classic texts (1) We have not
used OCR(Optical Character Recognition), as this leads to bad
quality books with introduced typos. (2) In books where there are
images such as portraits, maps, sketches etc We have endeavoured to
keep the quality of these images, so they represent accurately the
original artefact. Although occasionally there may be certain
imperfections with these old texts, we feel they deserve to be made
available for future generations to enjoy.
Unlike some other reproductions of classic texts (1) We have not
used OCR(Optical Character Recognition), as this leads to bad
quality books with introduced typos. (2) In books where there are
images such as portraits, maps, sketches etc We have endeavoured to
keep the quality of these images, so they represent accurately the
original artefact. Although occasionally there may be certain
imperfections with these old texts, we feel they deserve to be made
available for future generations to enjoy.
Unlike some other reproductions of classic texts (1) We have not
used OCR(Optical Character Recognition), as this leads to bad
quality books with introduced typos. (2) In books where there are
images such as portraits, maps, sketches etc We have endeavoured to
keep the quality of these images, so they represent accurately the
original artefact. Although occasionally there may be certain
imperfections with these old texts, we feel they deserve to be made
available for future generations to enjoy.
Unlike some other reproductions of classic texts (1) We have not
used OCR(Optical Character Recognition), as this leads to bad
quality books with introduced typos. (2) In books where there are
images such as portraits, maps, sketches etc We have endeavoured to
keep the quality of these images, so they represent accurately the
original artefact. Although occasionally there may be certain
imperfections with these old texts, we feel they deserve to be made
available for future generations to enjoy.
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.
Unlike some other reproductions of classic texts (1) We have not
used OCR(Optical Character Recognition), as this leads to bad
quality books with introduced typos. (2) In books where there are
images such as portraits, maps, sketches etc We have endeavoured to
keep the quality of these images, so they represent accurately the
original artefact. Although occasionally there may be certain
imperfections with these old texts, we feel they deserve to be made
available for future generations to enjoy.
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