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Public Sector Job Creation
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aggregate demand analysis argument Arthur Seldon average Britain British capital cent CHRISTOPHER MEAKIN competition countries Created employment crews deficit direct job creation Dr Addison economic economists effect efficient employed employers expansion favour financing firms fiscal German growth higher incomes incomes policy increase industry inefficient intervention investment investment-deepening Japan Japanese job preservation job subsidies Keynes Keynesian Keynesian Economics labour costs labour force labour market manufacturing marginal market sector measures ment million Mitsubishi motor mobility monetarists monetary money wage OKANO output paper Phillips curve political potential private sector problem PROF Professor Fisher profits public sector quasi-contract railroad raising RALPH HARRIS rate of unemployment re-allocation of labour real wages reduce relative require restrictive result rise second-best skills social taxation teenagers trade unions unemployed union work-rules University University of Cologne wage costs wage structure wage-rates Walter Eltis WATRIN West Germany workers