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This paper considers the interconnections between the nature and organization of work and the level of unemployment. We consider how actions taken at the workplace level can impede as well as facilitate the reduction in unemployment. We also consider how the workplace may be reformed to overcome...
Persistent link: https://www.econbiz.de/10010854925
How to provide for full employment and equitable distribution of incomes and wealth are the keenest issues of the U.S. society. The Democratic and the Republican Parties have elaborated opposing views on economic policy, though both parties are certain that the problems may be resolved through...
Persistent link: https://www.econbiz.de/10010860834
The present paper offers a fundamental critique of fiscal policy as it is understood in theory and exercised in …
Persistent link: https://www.econbiz.de/10010862120
There is not much use to attack standard economics because deep in his heart the representative economist long knows that he is tied to a degenerating research program. The problem is, rather, that it seems to be exceedingly difficult to build up a convincing alternative. Keynes, for one, tried...
Persistent link: https://www.econbiz.de/10011259647
Standard economics is regarded as the theory of the market system. Profit is the pivotal phenomenon of this system …
Persistent link: https://www.econbiz.de/10011260990
Between Keynes’s verbalized theory and its formal basis persists a lacuna. The conceptual groundwork is too small and … applied to a central part of the General Theory in order to achieve consistency and generality. …
Persistent link: https://www.econbiz.de/10009220654
Unemployment is usually explained with reference to the equilibrium of supply and demand in the labour market. This approach rests on specific behavioral assumptions that are formally expressed as axioms. The standard set of axioms is replaced in the present paper by a set of structural axioms....
Persistent link: https://www.econbiz.de/10009223360
In most economies, the potential of saving energy via insulation and more efficient uses of electricity is important. In order to reach the Kyoto Protocol objectives, it is urgent to develop policies that reduce the production of carbon dioxide in all sectors of the economy. This paper proposes...
Persistent link: https://www.econbiz.de/10010548311
Unemployment is usually explained with reference to the equilibrium of supply and demand in the labour market. This approach rests on specific behavioral assumptions that are formally expressed as axioms. The standard set of axioms is replaced in the present paper by a set of structural axioms....
Persistent link: https://www.econbiz.de/10009207081
When the Classical economists asserted the "impossibility of general overproduction," or what we now call Say's Law of Markets, they had in mind not periodic crises or business cycles but secular stagnation. Could the capitalist system absorb the constant increases in output without breakdown...
Persistent link: https://www.econbiz.de/10005769850