Description

An economic policy always relies on diagnosis about spontaneous trends and about the likely impact of alternative government decisions. Unemployment was the main problem faced by policy makers during the past two decades. During that period the author devoted most of his time either to observation and diagnosis or to the analysis of macroeconomic factors of unemployment. This book presents what was learned from this experience, particularly on diagnosing unemployment trends and assessing the effects of real wages on investment and employment.

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