John Grieve Smith traces the origins of postwar full employment policies in the experience of the interwar years and the work of Keynes and Beveridge. He reviews the successful achievement of full employment after the war and its subsequent abandonment as the Keynesian consensus gave way to the new, monetarist-inspired, orthodoxy. The book puts forward alternative proposals for expansionary policies, and for international financial reform. It is written throughout in terms accessible to both the layperson and the expert.

JOHN GRIEVE SMITH

Preface - A Pledge Betrayed - Unemployment and Economic Policy before 1939 - The Birth of Full Employment - The Years of Full Employment - Transition and Revolution - Demand Management - Pay and Inflation - Jobs and People - The Capacity Problem - Our European Future - A Global Payments Strategy - The Way Ahead - Index