Out of Work. Richard K Vedder

Out of Work - Richard K Vedder


Скачать книгу
George Mason University

      Allan C. Carlson Rockford Institute

      Robert W. Crandall Brookings Institution

      Stephen J. DeCanio University of California, Santa Barbara

      Arthur A. Ekirch, Jr. State University of New York, Albany

      Richard A. Epstein University of Chicago

      B. Delworth Gardner Brigham Young University

      George Gilder Discovery Institute

      Nathan Glazer Harvard University

      Ronald Hamowy University of Alberta

      Steve H. Hanke Johns Hopkins University

      Ronald Max Hartwell Oxford University

      H. Robert Heller International Payments Institute

      Lawrence A. Kudlow American Skandia Life Assurance Corporation

      Deirdre N. McCloskey University of Iowa

      J. Huston McCulloch Ohio State University

      Forrest McDonald University of Alabama

      Merton H. Miller University of Chicago

      Thomas Gale Moore Hoover Institution

      Charles Murray American Enterprise Institute

      William A. Niskanen Cato Institute

      Michael J. Novak, Jr. American Enterprise Institute

      Charles E. Phelps University of Rochester

      Paul Craig Roberts Institute for Political Economy

      Nathan Rosenberg Stanford University

      Simon Rottenberg University of Massachusetts

      Pascal Salin University of Paris, France

      Arthur Seldon Institute of Economic Affairs, England

      Julian L. Simon University of Maryland

      Joel H. Spring State University of New York Old Westbury

      Richard L. Stroup Montana State University

      Thomas S. Szasz State University of New York, Syracuse

      Robert D. Tollison George Mason University

      Arnold S. Trebach American University

      Gordon Tullock University of Arizona

      Richard E. Wagner George Mason University

      Sir Alan A. Walters AIG Trading Corporation

      Carolyn L. Weaver American Enterprise Institute

      Walter E. Williams George Mason University

       Contents

       Foreword by Martin Bronfenbrenner

       Preface to the Updated Edition

       Preface to the First Edition

       1 The Unemployment Century

       2 Unemployment in Theory

       3 The Neoclassical/Austrian Approach: An Overview

       4 The Gilded Age

       5 From New Era to New Deal

       6 The Banking Crisis and the Labor Market

       7 The New Deal

       8 The Impossible Dream Come True

       9 The Gentle Time

       10 The Camelot Years

       11 “Pride Goeth Before a Fall”

       12 The Winds of Change

       13 The Natural Rate of Unemployment

       14 Who Bears the Burden of Unemployment?

       15 Unemployment and the State

       16 Afterword

       Appendix A

       Appendix B

       Bibliography

       Index

      About the Authors

       Foreword

      Unemployment has been a principal preoccupation of critical economists, policymakers, and ordinary citizens in twentieth-century America. This volume combines economic theory and economic history to provide some provocative insights into how a “modern” approach to unemployment evolved, and why, in the authors’ judgment, it ultimately failed.

      The authors raise important issues: What has determined the volume of unemployment in America? Can the “macro” issues of full employment and output determination be explained in terms of a “micro” analysis of leading markets, particularly that for labor? Have revolutionary twentieth-century changes in economic thinking regarding unemployment policies served to befriend or harm workers and business interests? Have good intentions been overcome by unintended adverse consequences of policy actions?

      In tackling these questions, this book uses empirical analysis and theoretical insight that are both instructive and illuminating. Vedder and Gallaway are not unique in suggesting that government unemployment policies have ultimately proven unsuccessful, but their blend of historical and theoretical insights makes the case in a more compelling and comprehensive fashion than other explorations into the unemployment problem. Combining the microeconomic theory of labor markets with some simple but powerful statistical analysis of twentieth-century American experience, they present a strong argument for the position that market adjustments explain cycles in employment activity and have outperformed nonmarket interventions as tools for achieving economic stability.

      To


Скачать книгу