Background Image

In Fact, The Wage-price Spiral Is The Functional Counterpart Of Unemployment. The Latter Occurs When There Is Insufficient Demand; The Spiral Operates When There Is Too Much And Also,unfortunately, When There Is Just Enough.

-John Kenneth Galbraith

Please Wait....
Translating....

In Fact, The Wage-price Spiral Is The

John Kenneth Galbraith

In Fact, The Wage-price Spiral Is The Functional Counterpart Of Unemployment. The Latter Occurs When There Is Insufficient Demand; The Spiral Operates When There Is Too Much And Also,unfortunately, When There Is Just Enough.

Views: 3

Topic

More From John Kenneth Galbraith

The Power Of The Corporate Bureaucracy - The Power Of Technostructure (a Term That Did Not Take Off) - Is Something To Which I Still Adhere.

Anyone Who Says He Won't Resign Four Times, Will.

There Is Wonder And A Certain Wicked Pleasure In These Giddy Ascents And Terrible Falls, Especially As They Happen To Other People.

If We Are Concerned About Our Great Appetite For Materials, It Is Plausible To Decrease Waste, To Make Better Use Of Stocks Available, And To Develop Substitutes. But What About The Appetite Itself? The Major Cause Of The Continued Deterioration Of The Global Environment Is The Unsustainable Pattern Of Consumption And Production, Particularly In Industrialised Countries

It Has Been The Acknowledged Right Of Every Marxist Scholar To Read Into Marx The Particular Meaning That He Himself Prefers And To Treat All Others With Indignation.

Trending Author

Mohammed Saeed Al-Sahaf

Marvin Hamlisch

Category