Unemployment as Market Failure.

Jackson, P. M.

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Peer reviewed

ERIC Number: EJ475029

Record Type: Journal

Publication Date: 1992

Pages: N/A

Abstractor: N/A

ISBN: N/A

ISSN: ISSN-0300-4287

EISSN: N/A

Available Date: N/A

Unemployment as Market Failure.

Jackson, P. M.

Economics, v28 pt4 n120 p144-48 Win 1992

Contends that unemployment is an example of market failure. Argues that explaining unemployment from this supply-demand approach is preferable to the traditional explanation that high "real wages" are the cause. Reveals that many prominent economists entered the field because of their concern for the social problems caused by unemployment. (CFR)

Descriptors: Dislocated Workers, Economic Change, Economic Factors, Economics, Foreign Countries, Inflation (Economics), Labor Utilization, Social Problems, Socioeconomic Influences, Supply and Demand, Unemployment, Wages, Welfare Services

Publication Type: Reports - Descriptive; Journal Articles

Education Level: N/A

Audience: Teachers; Policymakers; Researchers; Practitioners

Language: English

Sponsor: N/A

Authoring Institution: N/A

Identifiers - Location: United Kingdom (Great Britain)

Grant or Contract Numbers: N/A

Author Affiliations: N/A