Description

Book Synopsis
A lucid introduction to the costs of unemployment and inflation, this book analyses the ways in which these two issues profoundly influence the conduct of economic policy.

Based on economic events and policies in the UK and US, Inflation and Unemployment argues controversially against the New Right claim that inflation causes unemployment. The effects of unemployment on the financial, mental and psychological well being of unemployed people are investigated and the impact of inflation on the distribution of income and wealth is assessed. In conclusion Graham Dawson suggests that recent macroeconomic policy in the UK and US has tended to overstate the dangers of inflation and understate the unemployment costs of disinflation.

Written in a lively and accessible style, this book provides a new understanding of key features of the modern economy.<



Trade Review
'This book is well written, interesting and comprehensive. It is a natural successor to the books on inflation by Fleming and Trevithick which so many readers found invaluable.'

INFLATION AND UNEMPLOYMENT: Causes, Consequences

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    A Paperback / softback by Graham Dawson

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      Book details

      Publisher Edward Elgar Publishing Ltd
      Published 1 January 1994
      ISBN-13 9781852786588
      978-1852786588
      ISBN-10 1852786582
      Also in:
      Macroeconomics Poverty and precarity

      Description

      Book Synopsis
      A lucid introduction to the costs of unemployment and inflation, this book analyses the ways in which these two issues profoundly influence the conduct of economic policy.

      Based on economic events and policies in the UK and US, Inflation and Unemployment argues controversially against the New Right claim that inflation causes unemployment. The effects of unemployment on the financial, mental and psychological well being of unemployed people are investigated and the impact of inflation on the distribution of income and wealth is assessed. In conclusion Graham Dawson suggests that recent macroeconomic policy in the UK and US has tended to overstate the dangers of inflation and understate the unemployment costs of disinflation.

      Written in a lively and accessible style, this book provides a new understanding of key features of the modern economy.<



      Trade Review
      'This book is well written, interesting and comprehensive. It is a natural successor to the books on inflation by Fleming and Trevithick which so many readers found invaluable.'

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