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[photo: Trade Unions: Resurgence or Demise? 

Trade Unions: Resurgence or Demise?
edited by Sue Fernie and David Metcalf

This, the third book in the important Future of Trade Unions in Britain series, features original research underpinned with theory drawn from economics, organization theory, history and social psychology. The authors deliver a comprehensive analysis of trade unions' prospects in the new millennium, and case studies which deal with topical issues.

Related links
Table of contents

[photo: what's the good of education]

What's the Good of Education?
The Economics of Education in the UK

edited by Stephen Machin and Anna Vignoles

Volumes have been written about the value of more and better education. But is there sufficient evidence to support the commonly held belief that we, as inidividuals and as a community, should be investing more in education? This book explores that question in unprecedented detail, drawing on empirical evidence from an impressive array of sources.

Related links
Table of contents


Macroeconomic Performance and the Labour Market

by Richard Layard, Stephen Nickell, and Richard Jackman


This broad survey of unemployment will be a major source of reference for both scholars and students. It aims to provide a basis for better policy: showing how the lessons learned from experience and theory can be applied to greatly reduce the waste and misery of high unemployment.

The book surveys in a clear, concise manner the main aspects of the unemployment problem. It integrates macroeconomics with a detailed micro-analysis of the labour market. It uses the authors' model to explain the puzzling post-war history of OECD unemployment and shows how unemployment and inflation are affected by systems of wage bargaining and unemployment insurance. For each issue the authors' develop a relevant theory, followed by extensive empirical analysis.

The authors are established experts in the field, and this book gives their definitive treatment. Now revised to include an analysis of unemployment changes since 1991, it is clear the authors' original model has stood the test of time making this book a must read for any student studying economics at an advanced level.

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Table of contents


by Richard Layard

In this landmark book, Richard Layard shows that there is a paradox at the heart of our lives. Most people want more income. Yet as societies become richer, they do not become happier. This is not just anecdotally true, it is the story told by countless pieces of scientific research. We now have sophisticated ways of measuring how happy people are, and all the evidence shows that on average people have grown no happier in the last fifty years, even as average incomes have more than doubled. In fact, the First World has more depression, more alcoholism and more crime than fifty years ago. This paradox is true of Britain, the United States, continental Europe, and Japan. What is going on?

Related links
Table of contents and annexes
Events: Can We Become Happier? 9th March 2005


Multinational Firms in the World Economy
Giorgio Barba Navaretti and Anthony J. Venables
With Frank G. Barry, Karolina Ekholm, Anna M. Falzoni, Jan I. Haaland, Karen Helene Midelfart, and Alessandro Turrini

Depending on one's point of view, multinational enterprises are either the heroes or the villains of the globalized economy. Governments compete fiercely for foreign direct investment by such companies, but complain when firms go global and move their activities elsewhere. Multinationals are seen by some as threats to national identities and wealth and are accused of riding roughshod over national laws and of exploiting cheap labor. However, the debate on these companies and foreign direct investment is rarely grounded on sound economic arguments.

This book brings clarity to the debate. With the contribution of other leading experts, Giorgio Barba Navaretti and Anthony Venables assess the determinants of multinationals' actions, investigating why their activity has expanded so rapidly, and why some countries have seen more such activity than others. They analyze their effects on countries that are recipients of inward investments, and on those countries that see multinational firms moving jobs abroad. The arguments are made using modern advances in economic analysis, a case study, and by drawing on the extensive empirical literature that assesses the determinants and consequences of activity by multinationals. The treatment is rigorous, yet accessible to all readers with a background in economics, whether students or professionals. Drawing out policy implications, the authors conclude that multinational enterprises are generally a force for the promotion of prosperity in the world economy.

Related links
Table of contents and sample chapter


Challenges for Europe
edited by Hugh Stephenson

In 2002 the Centre for Economic Performance was awarded a Queen's Prize for Higher Education. To mark this award, the Centre ran a series of Queen's Prize public lectures at LSE in 2003-4 by some of the world's leading academic economists and commentators on the theme of the main current challenges for Europe.

Challenges for Europe is a compilation of these lectures: Seven of the leading economists in Europe and the United States give their provocative views on key issues facing the future of Europe. The topics covered range from why Europe's growth rate is lower than America's and the experience of the Eurozone to the impact of education on the economy and the looming pension crisis.

Related links
Table of contents


Seeking a Premier Economy: The Economic Effects of British Economic Reforms, 1980-2000
edited by David Card, Richard Blundell, and Richard B. Freeman

In the 1980s and 1990s successive United Kingdom governments enacted a series of reforms to establish a more market-oriented economy, closer to the American model and further away from its Western European competitors. Today, the United Kingdom is one of the least regulated economies in the world, marked by transformed welfare and industrial relations systems and broad privatization. Virtually every industry and government program has been affected by the reforms, from hospitals and schools to labor unions and jobless benefit programs.

Seeking a Premier Economy focuses on the labor and product market reforms that directly impacted productivity, employment, and inequality. The questions asked are provocative: How did the United Kingdom manage to stave off falling earnings for lower paid workers? What role did the reforms play in rising income inequality and trends in poverty? At the same time, what reforms also contributed to reduced unemployment and the accelerated growth of real wages? The comparative microeconomic approach of this book yields the most credible evaluation possible, focusing on closely associated outcomes of particular reforms for individuals, firms, and sectors.

Related links
Table of contents


The Labour Market Under New Labour
edited by Richard Dickens, Paul Gregg and Jonathan Wadsworth

Leading experts examine the impact of New Labour policies on the labour market since 1998. Looking behind the "good news" implied by the lowest headline unemployment rates since the 1970s and by a low and stable rate of inflation, this volume examines the impact of policies such as the minimum wage, the New Deal, Working Family Tax Credit scheme, policies on lone parents, and changes in the education system. The book also looks at the impact of growing income inequalities over this period, on the growing geographic concentrations of joblessness and on the new phenomenon of widespread total economic inactivity amongst certain social groups.

Related links
Table of contents, full data and sample chapters