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Economic growth and industrial expansion and renewal as instruments to achieve full employment

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  • Meyerson, Per-Martin

Abstract

Institutional changes have weakened the capacity of market economies to adjust with sufficient speed to change in factor prices and in the available technology. As a consequence of this lower flexibility traditional economic policy instruments are no longer effective in creating growth and employment. This is the overall theme of the analysis presented in this paper concerning the reasons for our current long-term employment problems.

Suggested Citation

  • Meyerson, Per-Martin, 1987. "Economic growth and industrial expansion and renewal as instruments to achieve full employment," Social Science & Medicine, Elsevier, vol. 25(2), pages 205-207, January.
    • Handle: RePEc:eee:socmed:v:25:y:1987:i:2:p:205-207
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