Critical Review 12 (3):265-267 (1998)
|Abstract||Abstract In their Out of Work: Government and Unemployment in Twentieth Century America, Richard Vedder and Lowell Gallaway contend that government intervention in American labor markets has caused unemployment by raising the real price of labor. In my critique of the book, I allowed that while this might sometimes be the case, it is not as important as Vedder and Gallaway claim. Their Reply does not succeed in vindicating their argument, because their wage averages fail to take into account variations in wages within phases of the business cycle; because they fail to take into account the effects of unemployment on potential productivity, distorting their measures of real wages; and because they ignore the vast literature on the subject.|
|Keywords||No keywords specified (fix it)|
|Through your library||Configure|
Similar books and articles
J. Bradford de Long (1998). It Doesn't Work. Critical Review 12 (1-2):59-69.
Lowell Gallaway & Richard Vedder (1998). Government and Unemployment: Reply to De Long. Critical Review 12 (3):253-264.
Dimitria Electra Gatzia (2012). The Problem of Unemployment. Economics, Management, and Financial Markets 7 (2):36-54.
Clemens Fuest, Joachim Mitschke, Andreas Peichl & Thilo Schaefer, A Low Wage Subsidy Scheme Against Unemployment of Low-Skilled Workers.
Lowell Gallaway & Richard Vedder (1989). The Keynesian Performance. Critical Review 3 (3-4):488-504.
Glen Whitman (1996). Myth, Measurement, and the Minimum Wage: Sound and Fury Signifying What? Critical Review 10 (4):607-619.
Lowell Gallaway & Richard Vedder (1993). The Distributional Impact of the Eighties: Myth Vs. Reality. Critical Review 7 (1):61-79.
Lowell Qallaway & Richard Vedder (1998). The State and Labor in Modern America. Critical Review 12 (1-2):49-58.
Christian Schmitt, Gender-Specific Effects of Unemployment on Family Formation: A Cross-National Perspective.
Peter Rodenburg (2005). Models as Measuring Instruments: Measurement of Duration Dependence of Unemployment. Journal of Economic Methodology 12 (3):407-431.
Thomas Kieselbach & Sabine Mader (2002). Occupational Transitions and Corporate Responsibility in Layoffs: A European Research Project (SOCOSE). Journal of Business Ethics 39 (1-2):13 - 20.
Edmund F. Byrne (1985). Displaced Workers: America's Unpaid Debt. Journal of Business Ethics 4 (1):31 - 41.
Tyler Cowen (1989). Why Keynesianism Triumphed or, Could so Many Keynesians Have Been Wrong? Critical Review 3 (3-4):518-530.
Sorry, there are not enough data points to plot this chart.
Added to index2011-10-18
Total downloads1 ( #274,652 of 549,065 )
Recent downloads (6 months)1 ( #63,185 of 549,065 )
How can I increase my downloads?