4 ms·
"Capitalism depends on a certain level of unemployment" What is the basis of this statement?
by lefthansolo 14y ago
"Capitalism depends on a certain level of unemployment"
What is the basis of this statement?
- lmm 14y agoI was under the impression it was generally accepted; from a brief look e.g. Friedman's NAIRU concept. Are you arguing that it's practical to have full employment under capitalism?