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Routledge Full Employment in a Free Society - William H. Beveridge

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Description

William H. Beveridge's influential analysis of full employment defines the concept as a state where vacant jobs slightly outnumber available workers, maintaining no more than 3% unemployment across the total workforce. This seminal work examines how governments can achieve this economic goal, presenting the foundational argument that individual employers cannot create full employment alone-making state intervention essential. Beveridge explores how increased labour bargaining strength drives wage growth, proposing that rising productivity and systematic wage arbitration can balance economic pressures whilst maintaining worker cooperation. The book combines economic theory with social policy recommendations, establishing principles that shaped postwar employment policy across multiple nations. Essential reading for understanding modern labour economics and the historical development of full employment theory.

Key Features

Beveridge defines full employment as a state with slightly more vacant jobs than available workers, with unemployment not exceeding 3% of the total workforce.

The work argues that state responsibility is central to achieving full employment, rejecting the notion that individual employers can accomplish this goal alone.

Beveridge examines how wage arbitration systems can manage upward wage pressure whilst maintaining worker cooperation and economic stability.

This Routledge publication provides foundational economic and social policy analysis for scholars studying labour markets and employment policy.

The book connects individual economic behaviour to broader social policy, offering practical frameworks for government intervention in employment markets.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
03 December 2014
Listed Since
21 June 2014

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