PROFITABILITY AND UNEMPLOYMENT by Edmond Malinvaud ( 9780521067140 )

Item Details

Title:

PROFITABILITY AND UNEMPLOYMENT

By:

Edmond Malinvaud

Format:

Paperback

List price:

£28.99

Our price:

£25.37

Discount:

12.5% off

You save:

£3.62

ISBN 10:

0521067146

ISBN 13:

9780521067140

Availability:

Usually dispatched within 1-3 weeks.

Delivery rates

Stock:

Currently 0 available

Publisher:

CAMBRIDGE UNIVERSITY PRESS

Pub. date:

26 June, 2008

Pages:

120

Description:

This book first published in 1980 examines profitability and unemployment.

Synopsis:

Discussions of economic policy argue that an adequate level of profitability is a precondition for avoiding future unemployment. This book studies the rationale for this statement. The analysis is built round a simple model of the Harrod-Doman type and extends the study of fixed-price equilibria by considering a dynamic process whose major components are capital accumulation and shifts in income distribution. The Keynesian depression, characterized by a sustained lack of demand, is found to be particularly stable. Lack of productive capacity may also occur when profitability has been too low. In this case, the resulting unemployment stimulates corrective shifts of prices and wages. However, such unemployment may last for some time and is more likely to be followed by Keynesian unemployment than by inflationary full employment. The first and last chapters consider the problem in less formal but more general terms. They discuss both the methodology for the study of the relationship between profitability and unemployment, and the role of various factors that the simple model neglects.

Publication:

Imprint:

Cambridge University Press

Returns:

Returnable

Some other items by this author:

ACTIVITY ANALYSIS IN THE THEORY OF GROWTH AND PLANNING (HB)

ACTIVITY ANALYSIS IN THE THEORY OF GROWTH AND PLANNING (PB)

DEVELOPMENT STRATEGY AND MANAGEMENT OF THE MARKET ECONOMY: VOLUME 1 (PB)

DIAGNOSING UNEMPLOYMENT

DIAGNOSING UNEMPLOYMENT (HB)

ECONOMIC GROWTH AND RESOURCES (HB)