Originally published in 1976, the 14 papers in this collection discuss the history and significance of the concept of 'involuntary unemployment, particularly as seen from a Keynesian perspective. The micro-economic foundations of employment and job-search theory and the measurement and the significance of employment statistics are also examined. Later sections consider aspects of unemployment as economic indicators and the relationship between unemployment and vacancies, as well as the social aspects of unemployment. A final chapter considers employment policies during the 20th century in the light of managing the economy.
Originally published in 1976, the 14 papers in this collection discuss the history and significance of the concept of 'involuntary unemployment, particularly as seen from a Keynesian perspective. The micro-economic foundations of employment and job-search theory and the significance of employment statistics are also examined.
Introduction G.D.N. Worswick Part 1: What Is It We Ought To Measure?
1.
Unemployment As Seen by the Keynesians Richard Kahn
2. The New
Micro-economics of Unemployment Malcolm R. Fisher
3. The Micro-economic
Foundations of Employment and Inflation Theory: Bad Old Wine in Elegant New
Bottles A. G. Hines Part 2: What Is It That We Do Measure?
4. Statistics of
Unemployment in the United Kingdom A.R. Thatcher
5. Assessment of
Unemployment in the E.E.C. D Harris Part 3: Does What We Measure Match Up to
What We Ought to Measure?
6. Some Notes on Current Unemployment J. K. Bowers
7. UV Analysis A.J. Brown
8. The Unemployment Gap in Britains Production
Sector, 1953-73 Jim Taylor
9. Can We Distinguish Voluntary from Involuntary
Unemployment? Michael J. Hill
10. The Duration of Unemployment and Job Search
Colin Leicester
11. Unemployment in London David Metcalf and Ray Richardson
12. Unemployment and the Social Structure Adrian Sinfield Part 4: Economic
Policy and Unemployment
13. Full Employment Policy: A Reappraisal S. Brittan
14. The Target Rate of Unemployment F.T. Blackaby. Summary G.D.N. Worswick.
G.D.N (David) Worswick (1916 2001) devoted his professional life to studying the British economy and explaining how it worked, first as a fellow in economics at Magdalen College, Oxford (1945-1965) and subsequently as Director of the National Institute for Economic and Social Research (1965-1982). After gaining a first-class degree in mathematics at Oxford, he turned to economics. Having grown up during the period of general unemployment during the 1930s, he saw economics as the way to bring about social change. Much of his work was concerned with the study of the causes of, and policy solutions to, unemployment.
His publications include The British Economy 1945-1950 (1952), The British Economy in the 1950s (1962), The Concept and Measurement of Involuntary Unemployment (1976), Education and Economic Performance (1985) and Unemployment: a problem of policy (1991).
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