- Marxian unemployment
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According to the 19th century German philosopher , unemployment needed by the capitalists in order to maintain work discipline in jobs, keep wages down, and protect business profitability.
Wikipedia foundation.
Wikipedia foundation.
unemployment — noun a) The state of having no job<!pertinent?, which may cause late filial life; joblessness. Unemployment made Jack depressed. b) The phenomenon of joblessness in an economy. Unemployment has been considered a cause of crime. Syn: joblessn … Wiktionary
Unemployment — World unemployment rates[1] as of January 2009[update] Unemployment (or … Wikipedia
Cyclical Unemployment — A factor of overall unemployment that relates to the cyclical trends in growth and production that occur within the business cycle. When business cycles are at their peak, cyclical unemployment will be low because total economic output is being… … Investment dictionary
Full employment — In macroeconomics, full employment is when all people looking for employment can find a job. The majority of mainstream economists believe that the unemployment rate is greater than 0% when there is full employment, corresponding to the technical … Wikipedia
Criticism of capitalism — This article lists arguments against capitalism, For a summary of ideologies opposed to capitalism, see Anti capitalism. Part of a series on Capitalism … Wikipedia
Labour economics — seeks to understand the functioning of the market and dynamics for labour. Labour markets function through the interaction of workers and employers. Labour economics looks at the suppliers of labour services (workers), the demanders of labour… … Wikipedia
Economics — This article is about the social science. For other uses, see Economics (disambiguation). For a topical guide to this subject, see Outline of economics. Economics … Wikipedia
Nobuo Okishio — (置塩 信雄?, January 2, 1927, Hyōgo ku, Kobe – November 13, 2003) was a Japanese Marxian economist and emeritus professor of Kobe University. In 1979, He was elected President of Japan Association of Economics and Econometrics, which is now… … Wikipedia
Tendency of the rate of profit to fall — The tendency of the rate of profit to fall (TRPF) is a hypothesis in economics and political economy, most famously expounded by Karl Marx in chapter 13 of Das Kapital Vol. 3. It was generally accepted in the 19th century. Economists as diverse… … Wikipedia
economics — /ek euh nom iks, ee keuh /, n. 1. (used with a sing. v.) the science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind. 2. (used with a pl. v.) financial considerations;… … Universalium