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Getting Back to Full Employment: A Better Bargain for Working People Paperback – November 14, 2013


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Product Details

  • Paperback: 116 pages
  • Publisher: Center for Economic & Policy Research (November 14, 2013)
  • Language: English
  • ISBN-10: 0615918352
  • ISBN-13: 978-0615918358
  • Product Dimensions: 9 x 6 x 0.2 inches
  • Shipping Weight: 7 ounces (View shipping rates and policies)
  • Average Customer Review: 4.2 out of 5 stars  See all reviews (11 customer reviews)
  • Amazon Best Sellers Rank: #725,049 in Books (See Top 100 in Books)

Editorial Reviews

About the Author

Dean Baker is the co-director of the Center for Economic and Policy Research (CEPR). He is the author of The End of Loser Liberalism: Making Markets Progressive. He also has a blog, "Beat the Press," where he discusses the media's coverage of economic issues. Jared Bernstein is a Senior Fellow at the Center on Budget and Policy Priorities, where he focuses on fiscal policies, income inequality and mobility, the analysis of financial and housing markets, and of course, full employment. From 2009 to 2011, Bernstein was the Chief Economist and Economic Adviser to Vice President Joe Biden, executive director of the White House Task Force on the Middle Class, and a member of President Obama’s economic team.

Customer Reviews

4.2 out of 5 stars
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Most Helpful Customer Reviews

6 of 6 people found the following review helpful By J. Edgar Mihelic on December 4, 2013
Format: Paperback Verified Purchase
Bernstein and Baker lay out the answers in this book.

If you have a capitalist society, you are not yoked necessarily to the idea that the current version of capitalism is the one that is necessary, right, and the only way possible. You can have capitalism with a human face where workers are not fighting for crumbs.

The point of this book is that the current upwardly distributing system is the logical conclusion to policy decisions that were made already. Different, more equitable policy decisions can be made. These include raiding the minimum wage, targeting a lower "Natural" unemployment level, and going for weak dollar policies to help boosts exports relative to imports.

This is a short book, basically a long white paper, but it is an important book. I suppose that is why they are distributing it at cost. I read it in an evening over the long weekend, and I nodded my head to their words. It needs to be in the hands of policy makers, as soon as possible.

A couple of notes. The only thing that troubles me is the idea of weakening the currency (70). It is not an issue that it should be done, but that others can make moves to offset your moves because currency's values are relative to each other. That and you don't want to be labeled a currency manipulator on President Romney's first day in office. The second thing that gets me is that there is a cover design implying an attack on a certain company that isn't followed through fully in the text. I kept waiting for it, and it never came. I have to admit to liking take-downs of the beast from Bensonville.
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3 of 4 people found the following review helpful By Amazon Customer on December 21, 2013
Format: Kindle Edition Verified Purchase
The authors lay out a well reasoned case based on considerable historical data why full employment should be a top national priority. With continued high unemployment, middle class stagnation and shrinkage, and growing wealth and income inequality, measures to promote full employment are especially vital. The authors detail specific steps that would need to be taken to bring this about. These include addressing the trade imbalance and more public investment in jobs. Political conservatives, with their current obsession with budget deficits, will undoubtedly disagree. Unfortunately, their prescription of austerity measures will only increase unemployment and slow growth while the top 1 percent will continue to do very well.
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3 of 4 people found the following review helpful By Linda D. McIntyre on December 20, 2013
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I totally agree with the author that it is not only possible to get closer to or achieve Full Employment, but vital to our nation to do so.
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The book gets fairly technical in supporting the author's assertion that reducing unemployment would be crucial in reversing the level of economic inequality in the United States. He recounts the history of the unemployment rate and explains how increasing unemployment has been an important strategy of corporations and free market ideologues in their concerted assault on the American middle class. The graphic plots were not easy to view on my Kindle, but that did not detract from the message.
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2 of 3 people found the following review helpful By G. Sailer on December 14, 2013
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For the non economist, it is difficult to plough through the technical aspects without getting lost. Compare it to Bruce Bartlett's book and you will see the difference. They know what they are about , but don't make it easy.
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If you're looking for a book that explains Keynesian economics in easy to understand language this is your book. I find personally didn't find it all that technical but I've studied a lot of economics. Did like the added information regarding monetary devaluation and inflation, felt it was covered very well. I'll note that you probably won't like it if you're Conservative, you've been been warned. Personally, Milton Friedman should read this book.
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