Lectures in Macroeconomics A Capitalist Economy Without Unemployment
Lectures in Macroeconomics A Capitalist Economy Without Unemployment
- ISBN 13:
9780198842118
- ISBN 10:
0198842112
- Format: Hardcover
- Copyright: 08/30/2019
- Publisher: Oxford University Press
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Summary
This English translation of Kazimierz Laski's final work brings up to date fundamental concepts to give a picture of the twenty-first capitalist economy, and the obstacles that must be overcome in bringing it to full employment. It introduces the role of money and finance in the contemporary capitalist economy, as well as the central role of the labour market and wages. The analysis is illustrated with statistics and discussion around the evolution of capitalist economies and the rise of economic inequality since the Second World War, culminating in the 2008 crisis and the economic deflation affecting Europe since that crisis. Lectures in Macroeconomics remarks critically upon the neo-classical approach to economics that has brought about slow economic growth, unemployment, and inequality.