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THE PROBLEM OF UNEMPLOYMENT
THE PROBLEM OF UNEMPLOYMENT

Author(s): Dimitria Electra Gatzia
Subject(s): Economy
Published by: Addleton Academic Publishers
Keywords: unemployment; capitalism; class antagonism; health care; economic democracy; anarchism

Summary/Abstract: The aim of this paper is to address the problem of unemployment. Economists generally agree that a zero rate of unemployment is not only unattainable but also undesirable within capitalism. This is problematic because, as it will be shown, unemployment has adverse effects on both individuals and societies. Assuming that the primary aim of economics is to improve people’s lives, it behooves us to find a solution to the problem of unemployment. Two solutions will be offered. The first works within the confines of the capitalist system – it requires instituting welfare policies that alleviate the adverse effects of unemployment. The second involves a paradigm change – it requires replacing capitalism with an alternative economic system that is consistent with a zero rate of unemployment.

  • Issue Year: 7/2012
  • Issue No: 2
  • Page Range: 36-54
  • Page Count: 19
  • Language: English