Download The Case for Socialism by Alan Maass PDF

By Alan Maass

"Vivid and pressing prose.”--Jeffrey St. Clair

Mass argues that one other world—a socialist world—is attainable, one within which humans come earlier than revenue and dealing humans keep watch over society democratically, placing the world’s assets to assembly human needs.

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By Alan Maass

"Vivid and pressing prose.”--Jeffrey St. Clair

Mass argues that one other world—a socialist world—is attainable, one within which humans come earlier than revenue and dealing humans keep watch over society democratically, placing the world’s assets to assembly human needs.

Show description

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Extra info for The Case for Socialism

Sample text

6 But it is hard to see intuitively how it can provide a reasonable explanation of European unemployment over the past 25 years. Many millions of Europeans joined the unemployment register in the mid-1970s, early 1980s and early 1990s. Is it believable that these were simply colossal leisure binges, taken because workers were expecting real wages or real interest rates to rise later on? Regarding the upward trend in European unemployment rates since the mid-1970s, is it believable that we are observing a very long-term intertemporal substitution, whereby workers have decided to enjoy a lot of free time for two decades, perhaps with the intention of working very long hours for the next two decades?

Many informed observers believe that unemployment could be reduced in many countries where it is a serious problem by changing the policy design so as to givefirmsmore incentive to take on employees and unemployed people more incentive to search for jobs - all without necessarily increasing the government's budgetary outlay or ignoring the realities of the political process. This book attempts to provide a balanced, rigorous assessment on how well founded this belief is. 4 2 Guillermo de la Dehesa and Dennis J.

Once nominal wages adjust, this entry ceases, but the recently entered firms remain operative. 4 The marginal product of labour If the increase in government spending takes the form of industrial infrastructure investment, there may obviously be a direct stimulus to the marginal product of labour. In this case, expansionary demand management policy shifts the labour demand curve outwards through its effect on the capital stock. The policy implication regarding these four channels are potentially of considerable significance: The longer-term influence of product demandmanagement policy on employment depends on the availability of a limited number of supply-side channels of transmission.

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