ABSTRACT

Most macroeconomic theory has focused on goods and money rather than on labour, but this book goes someway to redressing this balance. It examines a wide range of labor-market issues from the perspective of modern macroeconomics. It considers policy issues, as well as theory, and criticises both Keynesian and New Classical approaches.

chapter |5 pages

Introduction

chapter 1|15 pages

The Operation of the US Labor Market

chapter 2|27 pages

The Traditional Model of the Labor Market

chapter 4|28 pages

A Model of the Macroeconomy

chapter 5|15 pages

The Labor Market in the Business Cycle