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Hardcover • 1995 • English
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About the book
Growth patterns have changed radically over the last two decades, to which capital and the labour markets appear to have failed to adapt. Unemployment in Europe has been growing, almost without remission, to levels unseen since the Great Depression. These facts are somewhat at odds with the development of growth theory which has mainly been orientated towards an equilibrium full employment framework. The main message of equilibrium theory of fluctuations was precisely that the policy maker is im...Show more
Book details
ISBN
9780333601273
Publisher
Palgrave Macmillan UK
Published year
1995
Language
English
Original title
Economics in a Changing World Volume 5
Format
Hardcover
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