Kalecki thus precisely predicted the economic and political U-turn that occurred with the advent of neoliberalism. Kalecki also argued that fundamental institutional changes, especially regarding wage-setting and other aspects of the employment relationship, would be essential if full employment was… — Jim Stanford Copy Share Image
Growth can also involve producing services instead of goods. In particular, a major expansion of public and caring services (like child care, education, elder… — Jim Stanford Copy Share Image
Proving that profit is economically and morally justifiable, rather than the result of exploitation, has been a central preoccupation of neoclassical economists. — Jim Stanford Copy Share Image
One of the glaring failures of capitalism is the continuing widespread existence of poverty - often extreme poverty. Even in the advanced economies, many… — Jim Stanford Copy Share Image
Economic systems come, and economic systems go. No economic system lasts forever. Capitalism is not likely to last forever, either. — Jim Stanford Copy Share Image
This relationship is the foundation for the argument, made by some trade unionists and labour advocates, that high wages can actually be "good for… — Jim Stanford Copy Share Image
Like a forensic accountant trying to solve a corporate fraud, following the trail of money around the circle is a good way to understand… — Jim Stanford Copy Share Image
The total dividend income declared in 1995 by the bottom 9.7 million Canadian tax-filers (47% of all those submitting tax returns) was $310 million.… — Jim Stanford Copy Share Image
We know that investment causes growth. But it is also true that growth causes investment. — Jim Stanford Copy Share Image
Indeed, if communist central planners could have organized the economy with as much detail, precision, and flexibility as a modern-day Toyota or Wal-Mart, communism… — Jim Stanford Copy Share Image
With joint-stock corporations, investors can place bets on the success of many different companies, without having to play a central management role in any… — Jim Stanford Copy Share Image
Apart from their work and production, households perform other important economic functions. Most CONSUMPTION occurs within the household. ... In developed capitalist economies, private… — Jim Stanford Copy Share Image
