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ON TACKLING UNEMPLOYMENT
Author(s) -
Layard, Richard
Publication year - 1985
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.1985.tb01699.x
Subject(s) - charter , unemployment , argument (complex analysis) , economics , full employment , labour economics , political science , law , economic growth , medicine
The Employment Institute was founded earlier this year to argue for the expansion of budget deficits to encourage higher employment. Professor Richard Layard, of the Centre for Labour Economics at the London School of Economics, presents the argument of the Institute and its Charter for Jobs. Three labour economists at the University of Birmingham assess his arguments and claim that a basic flaw in the Charter's arithmetic results in a substantial understatement of the cost of its proposals.