Fiche du document
31 octobre 2007
- 10261/1740
Ce document est lié à :
UFAE and IAE Working Papers
Ce document est lié à :
649.05
open
Mots-clés
Capitalism Marx, Karl Great Britain UnemploymentSujets proches
JoblessnessCiter ce document
Howard Petith, « Capitalism, Unemployment and the Transition to the Contemporary Pattern of Growth », Digital.CSIC (SHS)
Partage / Export
Résumé
A new model of unemployment based on an idea of Marx is presented and used to interpret the development of the British economy from the beginning of capitalism to the present. It is shown that unemployment may be created purposely by capitalists in order to weaken the bargaining position of the workers. This mechanism leads to complex temporal pattern of unemployment and can explain why wages took almost a century and a half to react to the growing capital to labour ratio that characterised early British capitalism.