The Riddle of Unemployment and Its Solution (Classic Reprint) - Softcover

Inhaltsangabe

Unlocking the unemployment puzzle with a clear, evidence-based view of how production, prices, and money shape jobs.

In The Riddle of Unemployment, Charles Edward Pell lays out a practical framework for understanding why economies slip into recession and how policy can restore work. Drawing on early 20th‑century debates, the book argues that price movements and credit policy, rather than vague natural laws, drive booms and slumps. It explains how credit control, via the bank-rate, can stabilize employment and support social progress without risky schemes.

• See how the balance between production capacity, demand, and money flow affects job availability
• Learn why saving and investment can support employment rather than cause unemployment
• Understand the role of monetary policy, specifically the rate of discount, in keeping prices and jobs stable
• Compare different ideas about currency and how they influence real economic outcomes

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