First published in 1896, this seminal work considers the Question of the Unemployed at the height of imperialist capitalism. Hobson proposes a controversial theory of social progress, which argues that unemployment is a natural and necessary result of the mal-distribution of consumption power. In a comprehensive assessment of the practicalities of capitalism, The Problem of the Unemployed considers the root causes and meaning of unemployment and possible solutions to the issue.
Table of Contents
Preface; 1. The Meaning of "Unemployment" 2. The Measure of Unemployment 3. Does Unemployment Grow? 4. Minor causes of Unemployment 5. The root cause of unemployment 6. The Economic Remedy 7. Bimetallism and Trade Depression 8. Palliatives of Unemployment