assess workers' performance, the discipline device role of unemployment may account for sharp declines in employment and … wages may prevail in equilibrium: the large movements in unemployment are indeed associated with real wage rigidity, which …

This paper investigates the instability of capitalism defined as a condition under which capitalism creates inflation …, unemployment, and business cycles. Great economists such as Marx, Veblen, and Schumpeter have examined this problem, concluding … that capitalist instability will transform capitalism. A model is developed in this paper to investigate instability, and …

This research note starts by showing that, for much of the postwar period, U.S. unemployment to has been a highly …

the Great Recession, what visions they develop about future development of capitalism and to which extent these different …

investment and high unemployment …