'A unique talent ... Mills's novels are among the best and most original in recent English fiction' Literary Review 'An enjoyable novel by a truly original writer' Sunday Times The Scheme was designed to provide an honest wage for an honest day's labour. Men driving identical, rust-resistant Univans deliver Univan parts to strategically spaced warehouses. Simple, self-perpetuating and efficient, it seems destined to last forever. But when some drivers begin leaving early and developing delivery sidelines, the workforce is divided into two camps: Flat-Dayers and Early Swervers. As tensions mount, the whole system threatens to fall apart...
From Magnus Mills, the acknowledged master of the working-class dystopic parable—a genre he practically invented—a new work of comic genius The whole idea is simple yet so perfect: men drive to and from strategically placed warehouses in Univans—identical and serviceable vehicles—transporting replacement parts for...Univans. Gloriously self-perpetuating, the Scheme was designed to give an honest day's wage for an honest day's labor. That it produces nothing does not obtain. Our hero in Magnus Mills' mesmerizing new work is a five-year veteran of the Scheme: he knows the best routes, the easiest managers, the quickest ways in and out. Inevitably, trouble begins to brew. A woman arrives on the scene. Some workers develop delivery sidelines. And most disturbing of all, not all participants are in agreement. There are "Flat-Dayers," who believe the Scheme's eight-hour day is sacrosanct and inviolable, and there are "Swervers," who fancy being let off a little early now and again. Disagreement turns to argument, argument to debate, debate to outright schism. Soon the Flat-Dayers and Swervers have pushed the Scheme to the very brink of disaster...and readers to the edge of their chairs in delight.
Beveridge defined full employment as a state where there are slightly more vacant jobs than there are available workers, or not more than 3% of the total workforce. This book discusses how this goal might be achieved, beginning with the thesis that because individual employers are not capable of creating full employment, it must be the responsibility of the state. Beveridge claimed that the upward pressure on wages, due to the increased bargaining strength of labour, would be eased by rising productivity, and kept in check by a system of wage arbitration. The cooperation of workers would be secured by the common interest in the ideal of full employment. Alternative measures for achieving full employment included Keynesian-style fiscal regulation, direct control of manpower, and state control of the means of production. The impetus behind Beveridge's thinking was social justice and the creation of an ideal new society after the war. The book was written in the context of an economy which would have to transfer from wartime direction to peace time. It was then updated in 1960, following a decade where the average unemployment rate in Britain was in fact nearly 1.5%.
John Maynard Keynes is the great British economist of the twentieth century whose hugely influential work The General Theory of Employment, Interest and * is undoubtedly the century's most important book on economics--strongly influencing economic theory and practice, particularly with regard to the role of government in stimulating and regulating a nation's economic life. Keynes's work has undergone significant revaluation in recent years, and "Keynesian" views which have been widely defended for so long are now perceived as at odds with Keynes's own thinking. Recent scholarship and research has demonstrated considerable rivalry and controversy concerning the proper interpretation of Keynes's works, such that recourse to the original text is all the more important. Although considered by a few critics that the sentence structures of the book are quite incomprehensible and almost unbearable to read, the book is an essential reading for all those who desire a basic education in economics. The key to understanding Keynes is the notion that at particular times in the business cycle, an economy can become over-productive (or under-consumptive) and thus, a vicious spiral is begun that results in massive layoffs and cuts in production as businesses attempt to equilibrate aggregate supply and demand. Thus, full employment is only one of many or multiple macro equilibria. If an economy reaches an underemployment equilibrium, something is necessary to boost or stimulate demand to produce full employment. This something could be business investment but because of the logic and individualist nature of investment decisions, it is unlikely to rapidly restore full employment. Keynes logically seizes upon the public budget and government expenditures as the quickest way to restore full employment. Borrowing the * to finance the deficit from private households and businesses is a quick, direct way to restore full employment while at the same time, redirecting or siphoning
With over a million copies sold, Economics in One Lesson is an essential guide to the basics of economic theory. A fundamental influence on modern libertarianism, Hazlitt defends capitalism and the free market from economic myths that persist to this day. Considered among the leading economic thinkers of the “Austrian School,” which includes Carl Menger, Ludwig von Mises, Friedrich (F.A.) Hayek, and others, Henry Hazlitt (1894-1993), was a libertarian philosopher, an economist, and a journalist. He was the founding vice-president of the Foundation for Economic Education and an early editor of The Freeman magazine, an influential libertarian publication. Hazlitt wrote Economics in One Lesson, his seminal work, in 1946. Concise and instructive, it is also deceptively prescient and far-reaching in its efforts to dissemble economic fallacies that are so prevalent they have almost become a new orthodoxy. Economic commentators across the political spectrum have credited Hazlitt with foreseeing the collapse of the global economy which occurred more than 50 years after the initial publication of Economics in One Lesson. Hazlitt’s focus on non-governmental solutions, strong — and strongly reasoned — anti-deficit position, and general emphasis on free markets, economic liberty of individuals, and the dangers of government intervention make Economics in One Lesson every bit as relevant and valuable today as it has been since publication.
The Great Field lies in the bend of a broad, meandering river. Bounded on three sides by water, on the fourth side it dwindles gradually into wilderness. A handful of tents are scattered far and wide across its immensity. Their flags flutter in the warm breeze, rich with the promise of halcyon days. But more and more people are setting up camp in the lush pastures, and with each new arrival, life becomes a little more complicated. And when a large and disciplined group arrives from across the river, emotions run so high that even a surplus of milk pudding can't soothe ruffled feathers. Change is coming; change that threatens the delicate balance of power in the Great Field. Magnus Mills's new novel takes its name from the site of a 1520 meeting between Henry VIII and Francis I of France, to improve relations between the countries as the Treaty of London deteriorated. It allegorically suggests a number of historical encounters on British soil: the coming of the Vikings, the coming of the Romans. But The Field of the Cloth of Gold sits firmly outside of time, a skillful and surreal fable dealing with ideas of ownership, empire, immigration, charisma, diplomacy, and bureaucracy. It cements Magnus Mills's status as one of the most original and beloved novelists writing today.
From the Booker-shortlisted author acclaimed as having "no literary precedent" (Independent) comes a gently absurd examination of the systems that trap and frustrate us daily. Fans of dry humor will enjoy this tale of mishap and folly, told from the point of view of a bus driver who's been charged to maintain a precise distance between himself and other buses--a directive that leads him to ignore the very passengers he's meant to serve. Witty, allegorical, and intelligent, this is a novel for all those who have ever run for a bus, only to have it pull away as they reach its doors. Showcasing all of Mills' strengths, it is the perfect reintroduction for American readers to an incomparable talent.
This book by William Mitchell and Joan Muysken is both important and timely. It deals with the issue of the abandonment of full employment as an objective of economic policy in the OECD countries. It argues persuasively that macroeconomic policy has been restrictive over the recent, and not so recent past, and has produced substantial open and disguised unemployment. But the authors show how a job guarantee policy can enable workers, who would otherwise be unemployed, to earn a wage and not depend on welfare support. If such a policy is fully supported by appropriate fiscal and monetary programmes, it can create full employment with price stability, which the authors label as a Non-Accelerating-Inflation-Buffer Employment Ratio (NAIBER). This book is essential reading for any one wishing to understand how we can return to full employment as the normal state of affairs. Philip Arestis, University of Cambridge, UK This book dismantles the arguments used by policy makers to justify the abandonment of full employment as a valid goal of national governments. Bill Mitchell and Joan Muysken trace the theoretical analysis of the nature and causes of unemployment over the last 150 years and argue that the shift from involuntary to natural rate conceptions of unemployment since the 1960s has driven an ideological backlash against Keynesian policy interventions. The authors contend that neo-liberal governments now consider unemployment to be an individual problem rather than a reflection of systemic policy failure and that they are content to use unemployment as a policy instrument to control inflation and coerce the unemployed with work tests and compliance programmes rather than provide sufficient employment. They present a comprehensive theoretical and empirical critique of this policy approach, with a refreshing new framework for understanding modern monetary economies. The authors show that the reinstatement of full employment with price stability is a viable policy goal that can be achieved by activist fiscal policy through the introduction of a Job Guarantee. Full Employment Abandoned will appeal to graduate and postgraduate students and researchers of economics and politics with an interest in macroeconomic policy and the labour market, particularly unemployment and neo-liberal policy frameworks.
From David Graeber, the bestselling author of The Dawn of Everything and Debt—“a master of opening up thought and stimulating debate” (Slate)—a powerful argument against the rise of meaningless, unfulfilling jobs…and their consequences. Does your job make a meaningful contribution to the world? In the spring of 2013, David Graeber asked this question in a playful, provocative essay titled “On the Phenomenon of Bullshit Jobs.” It went viral. After one million online views in seventeen different languages, people all over the world are still debating the answer. There are hordes of people—HR consultants, communication coordinators, telemarketing researchers, corporate lawyers—whose jobs are useless, and, tragically, they know it. These people are caught in bullshit jobs. Graeber explores one of society’s most vexing and deeply felt concerns, indicting among other villains a particular strain of finance capitalism that betrays ideals shared by thinkers ranging from Keynes to Lincoln. “Clever and charismatic” (The New Yorker), Bullshit Jobs gives individuals, corporations, and societies permission to undergo a shift in values, placing creative and caring work at the center of our culture. This book is for everyone who wants to turn their vocation back into an avocation and “a thought-provoking examination of our working lives” (Financial Times).
One of the most enduring ideas in economics is that unemployment is both unavoidable and necessary for the smooth functioning of the economy. This assumption has provided cover for the devastating social and economic costs of job insecurity. It is also false. In this book, leading expert Pavlina R. Tcherneva challenges us to imagine a world where the phantom of unemployment is banished and anyone who seeks decent, living-wage work can find it - guaranteed. This is the aim of the Job Guarantee proposal: to provide a voluntary employment opportunity in public service to anyone who needs it. Tcherneva enumerates the many advantages of the Job Guarantee over the status quo and proposes a blueprint for its implementation within the wider context of the need for a Green New Deal. This compact primer is the ultimate guide to the benefits of one of the most transformative public policies being discussed today. It is essential reading for all citizens and activists who are passionate about social justice and building a fairer economy.
