Reducing Unemployment: A Case for Government Deregulation

(Hardback)

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Unemployment costs the United States billions of dollars per year in lost output and social problems. The United States cannot afford to ignore unemployment in its pursuit of stable prices. The authors take a careful look at the nonaccelerating inflation rate of unemployment (NAIRU) in an effort to understand how we can achieve a low-unemployment economy without serious inflation. The conclusion is that we can achieve such an economy by pursuing government deregulation.

Reviews

For those looking for a well written survey of the extensive literature on this topic, this book is a good place to start.-Political Science Quarterly
Persuasively and clearly written, the book presents an excellent explanation of the conventional view of the relationship between inflation and unemployment. The authors carefully examine each part of the theory surrounding the natural rate of unemployment, asserting that the problem of an increasing NAIRU can be solved if we look at the root causes of the increase. The reader will come away with a more complete understanding of the relationship between inflation and unemployment and the place of the NAIRU in that relationship.-Choice
"For those looking for a well written survey of the extensive literature on this topic, this book is a good place to start."-Political Science Quarterly
"Persuasively and clearly written, the book presents an excellent explanation of the conventional view of the relationship between inflation and unemployment. The authors carefully examine each part of the theory surrounding the natural rate of unemployment, asserting that the problem of an increasing NAIRU can be solved if we look at the root causes of the increase. The reader will come away with a more complete understanding of the relationship between inflation and unemployment and the place of the NAIRU in that relationship."-Choice

Author Bio

GARRY K. OTTOSEN is senior research analyst of Crossroads Research Institute in Salt Lake City. DOUGLAS N. THOMPSON is president of Crossroads Research Institute in Salt Lake City. Both authors are recipients of the 1994 Abramson Award granted by the National Association of Business Economists in recognition of their outstanding contribution to the professional literature in the field of business economics.