Contents
Acknowledgements vi
1 The rise of unemployment in Europe: a synopsis 1
2 Profits and unemployment: is there an equilibrium rate of
unemployment in the long run? 26
3 The NAIRU theory, the NAIRU story and Keynesian
approaches 56
4 Explaining the rise in European unemployment: an evaluation
of the NAIRU story and a Keynesian approach 79
5 Financialization, shareholder value and the theory of the firm:
financialization and management priorities 114
6 Financialization and the slowdown of capital accumulation 137
7 Policy conclusions 172
References 187
Index 207