I want to highlight three articles on the issue of jobs and full employment because they give one a view of the employment issue from various angles. First is the brief history of unemployment in Britain covering data from 1855. What we see are wild swings due to the boom-bust nature of the economy with a "highish" central tendency to unemployment of 5.1%. This is followed by a period of near-full employment from 1945-1973 and another volatile period since 1973. My overall assessment of the data squares with the authors in that it demonstrates that the 1945-1973 period was the so-called "Goldilocks" one in terms of full employment. The author concludes that:
"The idea that free market policies can generate sustained full employme...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.