The David Gordon memorial lecture. The "reserve army of labor" and the "natural rate of unemployment": Can Marx, Kalecki, Friedman, and wall street all be wrong?

Review of Radical Political Economics

Volumn 30, Issue 3, 1998, Pages 1-13

  Pollin, Robert ^a  

^a UNIVERSITY OF MASSACHUSETTS   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 4243894450     PISSN: 04866134     EISSN: None     Source Type: Journal    
DOI: 10.1177/048661349803000301     Document Type: Article

References (13)

1. Carlin, Wendy and David Soskice. 1990. Macroeconomics and the Wage Bargain: A Modern Approach to Employment, Inflation and the Exchange Rate. New York: Oxford University Press.
2. Cross, Rod, ed. 1995. The Natural Rate of Unemployment: Reflections on 25 Years of the Hypothesis. Cambridge, U.K.: Cambridge University Press.
3. Eisner, Robert. 1997. A New View of the NAIRU. In Paul Davidson and Jan Kregel (eds.). Improving the Global Economy: Keynesianism and the Growth in Output and Employment. Brookfield, Ver.: Edward Elgar.
4. Friedman, Milton. 1968. The Role of Monetary Policy. American Economic Review 68(1): 1-17.
5. Gordon, David M. 1987. Six-Percent Unemployment Ain't Natural: Dymystifying the Idea of a Rising "Natural Rate of Unemployment." Social Research 54(2): 223-245.
6. _. 1988. The Un-Natural Rate of Unemployment: An Econometric Critique of the NAIRU Hypothesis. American Economic Review 78(2): 117-123.
7. _. 1996. Fat and Mean: The Corporate Squeeze of Working Americans and the Myth of Managerial "Downsizing." New York: The Free Press.
8. Gordon, Robert J. 1997. The Time-Varying NAIRU and its Implications for Economic Policy. Journal of Economic Perspectives 11(1): 11-32.
9. Kalecki, Michal. 1971. Political Aspects of Full Employment, ch. 12 of his Selected Essays on the Dynamics of the Capitalist Economy. 138-145. Cambridge, U.K.: Cambridge University Press.
10. Lown, Cara S. and Robert W. Rich. 1997. Is There An Inflation Puzzle? Federal Reserve Bank of New York Economic Policy Review December: 51-69.
11. Marx, Karl. 1967. Capital, Volume I. New York: International Publishers.
12. Pollin, Robert and Elizabeth Zahrt. 1997. Expansionary Policy for Full Employment in the United States: Retrospective on the 1960s and Current Period Prospects. In Employment and Economic Performance: Jobs, Inflation, and Growth. Jonathan Michie and John Grieve Smith (eds.). 36-75. New York: Oxford University Press.
13. Staiger, Douglas, James H. Stock, and Mark W. Watson. 1997. The NAIRU, Unemployment and Monetary Policy. Journal of Economic Perspectives 11(1): 33-50.