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Conflicts and complementarities in the objectives of manpower policy: an illustration
Author(s) -
Newton Keith
Publication year - 1973
Publication title -
industrial relations journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.525
H-Index - 3
eISSN - 1468-2338
pISSN - 0019-8692
DOI - 10.1111/j.1468-2338.1973.tb00138.x
Subject(s) - unemployment , dilemma , inflation (cosmology) , economics , context (archaeology) , macro , phillips curve , economic interdependence , public economics , positive economics , macroeconomics , political science , law , politics , paleontology , philosophy , physics , epistemology , biology , theoretical physics , computer science , programming language
The notion that policy‐makers may encounter problems of conflict in the simultaneous pursuit of macro‐economic objectives has accounted for a sizeable segment of the economics literature in recent years. In the academic context, this conflict has attracted considerable attention, generally in the form of the well‐known Phillips‐curve relationship. Non‐academic opinion has also been reasonably well‐informed as evidenced by the apparently widespread understanding of the inflation‐unemployment trade‐off dilemma.