This volume challenges the view that unemployment is exclusively determined by structural characteristics of the labour market and the social benefit system. Macroeconomic policies and investment in capital stock are included in the analysis and are shown to have a major role to play.
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List fo Tables and Figures Notes on the Contributors Introduction; E.Hein, A.Heise & A.Truger Labour Market Flexibility and Economic Expansion; A.Bhaduri The Causes of High Unemployment: Labour Market Sclerosis v Macroeconomic Policy; T.I.Palley Is Capital Stock a Determinant of Unemployment; P.Arestis, M.Baddeley & M.Sawyer Deflation Risks in Germany and the EMU: The Role of Wages and Wage Bargaining; E.Hein, T.Schulten & A.Truger The Influence of Unemployment, Productivity and Institutions on Real Wages Trends: The Case of Italy 1970-2000; E.S.Levrero & A.Stirati Unequal Fortunes, Unstable Households: Has Rising Inequality Contributed to Economic Troubles for Households in the USA?; H.Boushey & C.E.Weller The Effects of Economic Liberalization on Income Distribution: A Panel-data Analysis; G.Angeles-Castro Pensions and Distribution in an Aging Society: A Non-Conventional View; S.Cesaratto Do Profits Affect Investment and Employment? An Empirical Test Based on the Bhaduri-Marglin Model; Ö.Onaran & E.Stockhammer Class Conflict and the Cambridge Theory of Income Distribution; T.I.Palley The Dynamics of Profit and Wage-led Expansion: A Note; A.Bhaduri Index
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PHILIP ARESTIS Professor and University Director of Research, Cambridge Centre for Economic and Public Policy, University of Cambridge, UK MICHELLE BADDELEY Deputy Director, Cambridge Centre for Economic and Public Policy, University of Cambridge, UK AMIT BHADURI Professor of Economics, University of Pavia, Italy, and Visiting Professor, Council for Social Development, India HEATHER BOUSHEY Research Economist, Centre for Economic and Policy Research (CEPR), and Research Affiliate, National Poverty Centre, Gerald R. Ford School of Public Policy, USA GERALDO ANGELES-CASTRO Ph D Student and Teaching Assistant, Economics Department, University of Kent, UK SERGIO CESARATTO Professor of Economic Policy and Development Economics, University of Siena, Italy ENRICO SERGIO LEVRERO Assistant Professor, University of Roma Tre, Italy ÖZLEM ONARAN Associate Professor, Istanbul Technical University, Turkey and Visiting Faculty Member, Wirtschaftsuniversität Wien, Austria THOMAS I. PALLEY Chief Economist, U.S.-China Economic & Security Review Commission, USA MALCOLM SAWYER Professor of Economics, University of Leeds, UK THORSTEN SCHULTEN Senior Researcher, Institute for Economic and Social Research (WSI), Hans Boeckler Foundation, Germany ANTONELLA STIRATI Associate Professor, University of Roma Tre, Italy ENGELBERT STOCKHAMMER Assistant Professor, Wirtschaftsuniversität Wien, Austria CHRISTIAN WELLER Senior Economist, Centre for American Progress and Research Associate at the Economic Policy Institute, USA