Overview

The impact of technical change on employment is investigated in this book which offers a critical appraisal of how current economic theory addresses this key policy issue. After an analytical discussion of theoretical propositions and models put forward by classical and contemporary economists, the book develops a model which examines the extent to which worker displacement due to technical progress can be offset by compensatory market forces. This model is tested using Italian and US aggregate time. The theoretical discussion and empirical results are combined to demonstrate that the employment impact of labour saving technologies can only be partially counter-balanced by market forces and so economic policy measures are necessary.

Full Product Details

Author:   Marco Vivarelli ,  Christopher Freeman
Publisher:   Edward Elgar Publishing Ltd
Imprint:   Edward Elgar Publishing Ltd
Dimensions:   Width: 15.60cm , Height: 1.60cm , Length: 23.40cm
Weight:   0.436kg
ISBN:  

9781858981666

ISBN 10:   1858981662
Pages:   208
Publication Date:   01 January 1995
Audience:   College/higher education ,  Professional and scholarly ,  Undergraduate ,  Postgraduate, Research & Scholarly
Format:   Hardback
Publisher's Status:   Active
Availability:   To order  
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Table of Contents

Reviews

'... the book covers in an interesting and useful way a wide range of issues, systematically connected with an enlarged assessment of the compensation theory.' -- P. Petit, Journal of Economics 'I commend this book most strongly to economists throughout the industrialized world since unemployment is the greatest social and economic problem confronting us today.' -- International Labour Review 'Vivarelli's book is an exceptionally valuable contribution for three reasons. First, it provides an excellent analysis and critique of classical and neoclassical theories of technical change and employment. Secondly, it extends this discussion to the contemporary theoretical debate. Finally, it develops a macroeconomic model to test the compensation theory against the recent evidence. This test is carried out both for a major European country - Italy - and for the USA. The results of this test are extremely interesting for theorists and even more importantly for policymakers... I commend this book most strongly to economists throughout the industrialized world since unemployment is the greatest social and economic problem confronting us today.' -- From the preface by Christopher Freeman, SPRU - Science and Technology Policy Research, University of Sussex, UK and Maastricht University, The Netherlands

Author Information

Marco Vivarelli, Catholic University of Piacenza, Italy

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