Out of Work : Unemployment and Government in Twentieth-Century America

by Vedder, Richard K.

• ISBN13: 9780814787922
• ISBN10: 0814787924
• Edition: Revised
• Format: Paperback
• Copyright: 1997-07-01
• Publisher: New York University Press

Summary

The most comprehensive book ever to appear on unemployment in the United States. --George Gilder, author of Wealth and PovertyA triple hit: an engaging narrative of a century of U.S. economic history . . . an attack on the mythology that high wage rates and government spending reduce unemployment and a critique on wrong-headed public policies since 1930 that have raised unemployment levels. --Anna J. Schwartz, National Bureau of Economic ResearchVedder and Gallaway show convincingly that we need once again to rethink our entire notion of unemployment. --Jonathan R. T. Hughes, Northwestern UniversityA book of great interest. --Kenneth BouldingRedefining the way we think about unemployment in America today, Out of Work offers devastating evidence that the major cause of high unemployment in the United States is the government itself. An Independent Institute Book

Author Biography

Lowell E. Galloway is Distinguished Professor of Economics at Ohio University and Research Fellow at the Independent Institute in Oakland, California.

Table of Contents

Foreword
Preface to the Updated Edition
Preface to the First Edition
The Unemployment Century	p. 1
Unemployment in Theory	p. 13
The Neoclassical/Austrian Approach: An Overview	p. 31
The Gilded Age	p. 53
From New Era to New Deal	p. 74
The Banking Crisis and the Labor Market	p. 112
The New Deal	p. 128
The Impossible Dream Come True	p. 150
The Gentle Time	p. 176
The Camelot Years	p. 194
"Pride Goeth Before a Fall"	p. 209
The Winds of Change	p. 226
The Natural Rate of Unemployment	p. 246
Who Bears the Burden of Unemployment?	p. 268
Unemployment and the State	p. 288
Afterword	p. 298
App. A	p. 313
App. B	p. 323
Bibliography	p. 359
Index	p. 381
About the Authors	p. 389
Table of Contents provided by Blackwell. All Rights Reserved.