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Conventional theories of capitalism are mired in a deep crisis: after centuries of debate, they are still unable to tell us what capital is. Liberals and Marxists both think of capital as an 'economic' entity that they count in universal units of ‘utils’ or 'abstract labour', respectively....
Persistent link: https://www.econbiz.de/10011646688
This essay deals with the relationship between stagflation and the process of restructuring. The literature dealing with the interaction of stagnation and inflation is invariably based on some explicit or implicit assumptions about economic structure, but there are very few writings which...
Persistent link: https://www.econbiz.de/10011647601
This research study will examine how labor manages productivity advances and crisis response in both the United States …
Persistent link: https://www.econbiz.de/10010531628
values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility … where it does not properly measure technology) and makes it possible to calculate the contributions of disaggregated units …-level (EU-KLEMS) and firm-level (Amadeus) data. After adding further assumptions about technology and market structure (firms …
Persistent link: https://www.econbiz.de/10010269431
Motivated by the recent reversal in labor productivity growth, this paper is analyzing the relationship between R …&D expenditures and productivity. Time series data of the German manufacturing industry is used to estimate a variable cost function … expenditures were also declining, the contribution of R&D to productivity growth is currently stagnating at the lowest level since …
Persistent link: https://www.econbiz.de/10010291695
Over the coming century, computer technology is likely to become capable of reproducing many of the skills now …
Persistent link: https://www.econbiz.de/10009441014
The relationship between technology, productivity and employment is a complex one. Increased productivity can lead not … can develop new markets. On the other hand, if demand and hence output does not expand in line with productivity, then an … inverse relation between productivity and employment will result. The European Union seeks to improve living standards in …
Persistent link: https://www.econbiz.de/10009441434
agricultural production at both the production and productivity. The United States are characterized as highlighted in the …. To this refers mainly to differences in Total Factor Productivity (TFP). Found that in both countries had higher TFP …, does not mean that Brazil is close to the rate of U.S. productivity, because the productive structure is particular in each …
Persistent link: https://www.econbiz.de/10010330695
We measure the impact of a drastic new technology for producing steel, the minimill, on the aggregate productivity of U …'s productivity is linked to this new technology, and operates through two distinct mechanisms. First, minimills displaced the older … technology, called vertically integrated production, and this reallocation of output was responsible for a third of the increase …
Persistent link: https://www.econbiz.de/10011083447
Economists, business analysts, and policymakers have all focused considerable attention on U.S. productivity growth in … recent years. This paper presents a broad overview of productivity--both labor and total factor--and discusses why it is such … an important topic. We begin with the official U.S. productivity statistics prepared by the U.S. Bureau of Labor …
Persistent link: https://www.econbiz.de/10005526302