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Intereconomics

, Volume 17, Issue 6, pp 263–267 | Cite as

From unemployment to rapid growth?

  • Bill Jordan
Articles Industrial Employment
  • 10 Downloads

Abstract

With unemployment in the OECD countries approaching 30 millions, and with the Mitterrand regime providing yet another example of the failure of demand-led attempts at growth, this article considers the possibility of the advanced industrialised countries returning to a pattern of rapid growth based on plentiful labour supplies. If Keynesian measures to combat high unemployment are rejected, will redundant labour eventually find its own demand, and will this allow a new wave of fast industrial expansion?

Keywords

Labour Supply OECD Country Industrial Output Industrial Employment Industrial Expansion 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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References

  1. 1.
    W. A. Lewis: Development with unlimited supplies of labour, in: The Manchester School, XXII, May 1954, pp. 139–191.Google Scholar
  2. 2.
    Charles P. Kindleberger: Europe's Postwar Growth: The Role of Labour Supply, Harvard University Press, 1967, p. 3.Google Scholar
  3. 3.
    Ibid. Charles P. Kindleberger: Europe's Postwar Growth: The Role of Labour Supply, Harvard University Press, 1967, p. 3.Google Scholar
  4. 4.
    N. Kaldor: Causes of the Slow Rate of Growth of the United Kingdom, Cambridge University Press, 1966.Google Scholar
  5. 5.
    Charles P. Kindleberger, op. cit., Europe's Postwar Growth: The Role of Labour Supply, Harvard University Press, 1967, p. 18.Google Scholar
  6. 6.
    Ibid., Charles P. Kindleberger: Europe's Postwar Growth: The Role of Labour Supply, Harvard University Press, 1967, pp. 22, 23.Google Scholar
  7. 7.
    E. Mandel: Late Capitalism (1972), New Left Books, 1975.Google Scholar
  8. 8.
    A. Glyn and B. Sutcliffe: British Capitalism, Workers and the Profit Squeeze, Penguin, 1972.Google Scholar
  9. 9.
    Bill Jordan: Mass Unemployment and the Future of Britain, Blackwell, 1982.Google Scholar

Copyright information

© HWWA and Springer-Verlag 1982

Authors and Affiliations

  • Bill Jordan
    • 1
  1. 1.University of ExeterExeter

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