Report

Involuntary unemployment: getting to the heart of the problem

1 Nov 2004
Description

Bill Mitchell and Joan Muysken explore the evolution of economic theory from a construction of unemployment as a voluntary optimal state to the 1930s conception as a systemic failure (involuntary) to the resurgence in current times to a belief that all unemployment is voluntary.

This evolution has allowed policy makers to abandon full employment and replace it with the diminished goal of full employability and waste money on a raft of ineffective supply-side programs that coerce and humiliate the victims - the involuntary unemployed.

Publication Details
Published year only: 
2004
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