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Unemployment is the most pressing issue of economic policy in present-day Europe. Why are unemployment levels so high? Why are they higher compared to the past and to countries outside Europe, notably the U.S.? What is the nature of this unemployment crisis? And, how can unemployment be reduced? These and related questions are addressed in this book by a number of experts on the subject of unemployment. The book is divided into three parts. Part I presents the history of unemployment, Part II deals with the nature and causes of the present unemployment crisis in Europe and Part III with policy measures to reduce unemployment. The volume contains contributions by S. Brittan, M.C. Burda, R.N. Cooper, B. Eichengreen, R.B. Freeman, P. Minford, K.-H. Paque, H. Sneessens, R. Vaubel and C. Wyplosz.