Year: 1987
Author: Arndt, Helmut
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 107 (1987), Iss. 4 : pp. 505–512
Abstract
1. Economists have to distinguish between different kinds and different causes of unemployment. 2. The same kind of unemployment can have different causes and the same cause can provoke several kinds of unemployment. 3. The analysis of equilibrium (and "disequilibrium") is alone not sufficient to explain all kinds of unemployment because unemployment in market economies is usually based on the development of supply and demand. 4. The subjekt of unemployment theory cannot be restricted to the analysis of equilibrium (or "disequilibrium") but has to include the economic effects of investment for rationalization as well as of investment for innovation of new and better consumer goods and therewith of "progress and development" (A. Marshall).
Journal Article Details
Publisher Name: Global Science Press
Language: Multiple languages
DOI: https://doi.org/10.3790/schm.107.4.505
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 107 (1987), Iss. 4 : pp. 505–512
Published online: 1987-04
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 8