Unemployment: Past and Present

JAGJIT CHADHA Professor of Economics, Department of Economics, University of Kent, UKGIUSEPPE FONTANA Professor of Monetary Economics, Leeds University Business School, UK ECKHARD HEIN Senior Researcher, Macroeconomic Policy Institute (IMK), Hans Boeckler Foundation, Duesseldorf, Germany; Visiting Professor, Carl von Ossietzky University, Oldenburg, GermanyELIAS KARAKITSOS Global Economic ResearchMARK ROBERTS University of Cambridge, UKMALCOLM SAWYER Pro-Dean for Learning and Teaching and Professor of Economics, Leeds University Business School, UKMARK SETTERFIELD Department of Economics, Trinity College, USAENGELBERT STOCKHAMMER Department of Economics, Vienna University of Economics& Business Administration, AustriaA.P. THIRLWALL Professor of Applied Economics, University of Kent, Canterbury, UKJAMES TREVITHICK Director of Studies, King's College, Cambridge, UK

• Introduction; P.Arestis and J.McCombie Kalecki on the Causes of Unemployment and Policies to Achieve Full Employment; M.Sawyer The Relevance of Keynes Today with Particular Reference to Unemployment in Rich and Poor Countries; A.P.Thirlwall Keynesian Involuntary Unemployment and Modern Macroeconomics; J.Trevithick Growth and Unemployment in an Extended Kaldorian Model; M.Roberts Monetary Policy, Wage Bargaining, Inflation and Employment in a Post-Keynesian Alternative to the New Consensus Model; E.Hein and E.Stockhammer The 'Unemployment Bias' of the New Consensus View of Macroeconomics; G.Fontana Unemployment and the Natural Interest Rate in a Neo-Wicksellian Model; P.Arestis and E.Karakitsos Is Inflation Targeting the Enemy of Employment Targeting?; M.Setterfield Labour Market Search and Monetary Shocks: A Theoretical Consideration; J.Chadha