Thursday, January 26, 2012

Text of Kalecki's Political Aspects of Full Employment

in 1943, Polish economist Michal Kalecki wrote a seminal article that studied a government's attempts to create full employment. This article often makes the rounds because of its provocative claim that private industry would oppose such a measure as it gives labor too much power.

Here's a link to the whole article "Political Aspects of Full Employment."

The whole philosophical question can now be quantified with theories and equation!

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