Abstract
An expression which came into general use in economics after the Depression of the 1930s, full employment applies to industrially developed economies in which the majority of the economically active are the employees of firms or public authorities as wage and salary earners.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Bibliography
Beveridge, W. 1944. Full employment in a free society. London: George Allen & Unwin.
Brown, A.J. 1985. World inflation since 1950. Cambridge: Cambridge University Press.
Friedman, M. 1968. The role of monetary policy. American Economic Review 58(1), March: 1–17.
Keynes, J.M. 1936. The general theory of employment, interest and money. London: Macmillan.
Maddison, A. 1982. Phases of capitalist development. Oxford: Oxford University Press.
OECD. 1968. Fiscal policy for a balanced economy. Paris: Organization for Economic Cooperation and Development.
Phelps Brown, E.H. 1983. The origins of trade union power. Oxford: Clarendon Press.
Phillips, A.W. 1958. The relation between unemployment and the rate of change of money wage rates in the United Kingdom. Economica 25(November): 283–299.
Author information
Authors and Affiliations
Editor information
Copyright information
© 2018 Macmillan Publishers Ltd.
About this entry
Cite this entry
Worswick, G.D.N. (2018). Full Employment. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_1053
Download citation
DOI: https://doi.org/10.1057/978-1-349-95189-5_1053
Published:
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-95188-8
Online ISBN: 978-1-349-95189-5
eBook Packages: Economics and FinanceReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences