ISBN:
9781845421717
Language:
English
Pages:
1 Online-Ressource (viii, 214 p)
,
ill
Series Statement:
New directions in modern economics
Series Statement:
Edward Elgar E-Book Archive
Parallel Title:
Available in another form
Parallel Title:
Elektronische Reproduktion von Stockhammer, Engelbert, 1969 - The rise of unemployment in Europe
DDC:
331.13/794
Keywords:
Keynes, John Maynard
;
Keynesian economics
;
Unemployment
;
Electronic books
;
Bibliografie
;
Europäische Union
;
Arbeitslosigkeit
;
Kapitalmarkt
;
Wirtschaftswachstum
;
Liberalisierung
;
Kapitalakkumulation
;
Neokeynesianismus
;
Effektive Nachfrage
;
Europa
;
Arbeitslosigkeit
Abstract:
This book offers a long overdue and refreshing Keynesian approach to the rise of European unemployment. It critically discusses the NAIRU theory and presents econometric evidence to assess the relative importance of capital investment and labor market institutions. The author also explores the reasons for the slowdown in capital accumulation, and is able to establish a clear link between changes in the financial sector, changes in corporate governance and investment expenditures
Abstract:
1. The rise of unemployment in Europe : a synopsis -- 2. Profits and unemployment : is there an equilibrium rate of unemployment in the long run? -- 3. The NAIRU theory, the NAIRU story and Keynesian approaches -- 4. Explaining the rise in European unemployment : an evaluation of the NAIRU story and a Keynesian approach -- 5. Financialization, shareholder value and the theory of the firm : financialization and management priorities -- 6. Financialization and the slowdown of capital accumulation -- 7. Policy conclusions
Note:
Includes bibliographical references and index
DOI:
10.4337/9781845421717
URL:
Volltext
(Deutschlandweit zugänglich)
URL:
Deutschlandweit zugänglich
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