Recent Developments in the Theory of Involuntary Unemployment

This monograph provides a relatively nontechnical summary of the prominent theories of unemployment that have emerged since 1960: search, disequilibrium, implicit contracts, efficiency wage, and insider/outsider models.

Davidson focuses on the overall purpose of each line of research, reviewing selected articles on each of the theories. He then offers clear descriptions that make the topics readily accessible to both students and nonspecialists.

"This book will be most at home in the economics classroom. The text is well written and extensively documented with references to relevant literature." Legal Publishing Preview

171 pp. 1990
$40 cloth ISBN 0-88099-105-4 / ISBN-13 978-0-88099-105-6.

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