INÉS PÉREZ-SOBA AGUILAR Complutense University of Madrid, Spain NIGEL F.B. ALLINGTON Associate Member, Cambridge Centre for Economic and Public Policy, University of Cambridge, UK SANTONU BASU Queen Mary, University of London, UK JOHN CORNWALL Dalhousie University WENDY CORNWALL Dalhousie University ELENA MÁRQUEZ DE LA CRUZ Complutense University of Madrid, Spain JESUS FERREIRO University of the Basque Country, Spain HARALD HAGEMANN University of Hohenheim ELIAS KARAKITSOS Associate Member, Cambridge Centre for Economic and Public Policy, University of Cambridge, UK; Director, Guildhall Asset Management, PCC Ltd, London SUSHANTA MALLICK Queen Mary, University of London ANA ROSA MARTÍNEZ-CAÑETE Complutense University of Madrid, Spain WILLIAM MITCHELL Centre of Full Employment and Equity at the University of Newcastle, Australia ALFONSO PALACIO-VERA Complutense University of Madrid, Spain RALF RUKWID University of Hohenheim FELIPE SERRANO University of the Basque Country, Spain AJIT SINGH University of Cambridge L. RANDALL WRAY Center for Full Employment and Price Stability, University of Missouri, Kansas City, USA; Levy Economics Institute

• Introduction; P.Arestis & J.McCombie The Labour Market in Light of Flexibility and Globalization; E.Karakitsos Why Do Some Economies Have Lower Unemployment Rates Than Others?; J.Cornwall & W.Cornwall Historical Examination of the Golden Age of Full Employment in Western Europe; A.Singh The 'Thatcher Experiment' 1979-1990: Did it Lead to the Economic Renaissance of the UK?; N.F.B.Allington & J.McCombie Employer of Last Resort and the War on Poverty: Hyman Minsky's Contributions; L.R.Wray Why Public Sector Job Creation Should be Fashionable; W.Mitchell Capital Stock and Unemployment: Searching for the Missing Link; A.Palacio-Vera, A.R.Martínez-Cañete, E.M.De La Cruz & I.P.-S.Aguilar Does Technological Change Induce Unemployment?; S.Basu & S.Mallick Welfare State and Unemployment; J.Ferreiro & F.Serrano Perspectives of Workers with Low Qualifications in Germany under the Pressures of Globalization and Technical Progress; H.Hagemann & R.Rukwid