The battle against unemployment an introduction to a current issue of public policy. - Okun, Arthur M. (New York Norton, 1965)
Table of Contents: Introduction. Prologue: J. F. Kennedy--Mythology vs. Economic Knowledge -- Part One. Unemployment: Concepts, Causes, and Consequences: Senate Special Committee on Unemployment Problems. The Costs of Unemployment -- A. M. Okun--The Gap between Actual and Potential Output -- A. Rees--Dimensions of the Employment Problem -- C. C. Killingsworth--The Bottleneck in Labor Skills -- E. L. Dale, Jr.--The Great Unemployment Fallacy. -- Part Two. The Balance of Employment and Price Stability: Commission on Money and Credit--National Economic Goals -- A. H. Hansen--The Case for High-pressure Economics -- H. C. Wallich--The Case against High-pressure Economics -- A. F. Burns--The Threat of Inflationary Psychology -- P. A. Samuelson and R. M. Solow--Our Menu of Policy Choices -- R. Ruggles--The Problems of Our Price Indexes -- E. Clague--Computing the Consumer Price Index. -- Part Three. Fiscal Policy: Principles and Instruments: Council of Economic Advisers--The Workings of the Multiplier -- M. Friedman--Weak Links in the Multiplier Chain -- P. A. Samuelson--Functional Fiscal Policy for the 1960s -- M. H. Stans--The Need for Balanced Federal Budgets -- W. Lewis, Jr.--The Limitations of Public Works -- R. J. Donovan--The Formation of Fiscal Policy: 1953-1954 -- Commission on Money and Credit--Toward a Flexible Tax Policy: Automatic and Discretionary Stabilizers -- A. F. Burns--The Federal Tax Cut and the Economy -- J. Tobin--The Tax-cut Harvest. -- Part Four. Monetary Policy: Board of Governors, Federal Reserve System--The Influence of Monetary Policy on Economic Stability -- H. G. Johnson--Monetary Policy and Economic Research -- H. C. Wallich and S. H. Axelrod--The Postwar Record of Monetary Policy -- E. S. Shaw--The Case for an Automatic Monetary Pilot -- P. A. Samuelson--The Folly of Monetary Rules. -- Suggested Further Readings.
Bibliography: p. 203-204.
Keywords: Unemployment -- United States; Labor economics; United States -- Economic policy -- 1961-1971.