Analysis of contemporary unemployment has increasingly focussed on the position of the least skilled. The deterioration in their labour market position is first situated in the context of structural trends in the labour market. The development of labour market inequality in the 1980s is...

Full employment was the centrepiece of the economic policy of social democracy in the post-war period. Whilst the role of Keynesianism in policy making may be exaggerated, it offered the prospect of maintaining full employment without any section of society having to pay. Problems with the...

The role of banks in the transition concerns three issues: the bad loans problem, the role of banks in providing a solution to the problems of corporate governance of privatized enterprises and the access of new enterprises to finance for investment. This paper shows how the combination of early...