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Is Full Employment Still Desirable and Feasible?

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  • Eddy Lee

    (Internalional Labour Office)

Abstract

Since the mid-1970s there has been a steady drift away from full employment in the industrialized countries as well as growing scepticism in academic and policy thinking over the usefulness of the concept of full employment. Based on a review of the empirical evidence, the article argues that there is little basis for the sceptical view that full employment is no longer desirable or feasible. On the contrary, full employment remains the key to solving the social ills of the industrialized countries and can still be attained with the right package of international and national policies.

Suggested Citation

  • Eddy Lee, 1997. "Is Full Employment Still Desirable and Feasible?," Economic and Industrial Democracy, Department of Economic History, Uppsala University, Sweden, vol. 18(1), pages 35-53, February.
    • Handle: RePEc:sae:ecoind:v:18:y:1997:i:1:p:35-53
    DOI: 10.1177/0143831X97181002
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