Heterodox
by Summary:
9/19/18: How can unemployment emerge in an economy when there is excess capacity, excess demand for labor, wage is lower than marginal product, laborers must work or starve, and hence demand jobs? This puzzle was solved by Keynes. Video explains, in context of a simple model
Topics:
Asad Zaman considers the following as important:
This could be interesting, too:
9/19/18: How can unemployment emerge in an economy when there is excess capacity, excess demand for labor, wage is lower than marginal product, laborers must work or starve, and hence demand jobs? This puzzle was solved by Keynes. Video explains, in context of a simple model
Topics:
Asad Zaman considers the following as important:
This could be interesting, too:
New Economics Foundation writes Is the Labour government delivering on its promises?
Robert Vienneau writes Why Is Marginalist Economics Wrong?
John Quiggin writes Dispensing with the US-centric financial system
New Economics Foundation writes Whose growth is it anyway?
|