INVOLUNTARY UNEMPLOYMENT

dc.contributor.author	Barnett II, William
dc.contributor.author	Block, Walter
dc.date.accessioned	2016-06-02T10:52:49Z
dc.date.available	2016-06-02T10:52:49Z
dc.date.issued	2008
dc.identifier.issn	1311-9206
dc.identifier.uri	http://hdl.handle.net/10610/2095
dc.description.abstract	Our claim is that in the purely free enterprise system, there can be no such thing as involuntary unemployment, as long as wage demands are in accord with expected productivity, as perceived by the potential employer. Seeming counter examples are shown to violate one or more of these conditions. Nevertheless, there is great resistance on the part of professional economists to this axiomatic claim. The second part of the paper attempts to probe the cause of this resistance, and finds in praxeology, a rejection of Keynesian economics and psychological analysis, the cure for it.	bg_BG
dc.language.iso	en	bg_BG
dc.publisher	АИ "Ценов"	bg_BG
dc.subject	praxeology	bg_BG
dc.subject	involuntary unemployment	bg_BG
dc.subject	zero unemployment	bg_BG
dc.subject	economic scarcity	bg_BG
dc.subject	Keynesianism	bg_BG
dc.title	INVOLUNTARY UNEMPLOYMENT	bg_BG
dc.type	Article	bg_BG