Cover; Copyright; Contents; Acknowledgements; 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 rm: nancialization and management priorities; 6. Financialization and the slowdown of capital accumulation; 7. Policy conclusions; References; Index.
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The author considers the evolution of the rate of unemployment. Stockhammer provides a framework that compares the features and implications of the New Keynesian NAIRU model with those of the closely related post Keynesian theory of conflict inflation.
Rise of unemployment in Europe.
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Keynes, John Maynard,1883-1946., General theory of employment, interest and money.
Keynes, John Maynard,1883-1946, General theory of employment, interest, and money.
General theory of employment, interest and money (Keynes, John Maynard)