ECONOMIC ASPECTS OF UNEMPLOYMENT

In: The political quarterly: PQ, Band 52, Heft 1, S. 28-37

Abstract

THE ARTICLE ATTEMPTS AN ECONOMIC ANALYSIS AND EXPLANATION OF THE INCREASINGLY CRITICAL PROBLEMS OF UNEMPLOYMENT, PARTICULARLY IN MODERN CAPITALIST SOCIETIES. THE 'DEFICIENTDEMAND' HYPOTHESIS IS EXPLORED AND THE COSTS OF BOTH LABOR (HIGHER WAGES TO MATCH INFLATION, ETC) & UNEMPLOYMENT (WITH INCREASED BENEFITS, ETC) ARE DISCUSSED. THE AUTHOR PROPOSES A POLICY PROGRAM FOR DECREASING UNEMPLOYMENT.