Working in the Macro Economy A study of the US Labor Market Routledge Studies in the Modern World Economy Series

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.

List of Charts Figures and Tables, Preface, 1. The Operation of the US Labour Market, 2. The Traditional Model of the Labour Market, 3. A New Approach to Labour Market Transactions, 4. A Model of the Macroeconomy, 5. The Labour Market in the Business Cycle, 6. The Distinction between Secure and Marginal Workers, 7. Pareto Improvements in the Labour Market: Part I, 8. Pareto Improvements in the Labour Market: Part II, Bibliography, Index

Postgraduate, Professional, and Undergraduate

Martin F. J. Prachowny