Discussions of economic policy argue that an adequate level of profitability is a precondition for avoiding future unemployment. This book studies the rationale for this statement. The analysis is built round a simple model of the Harrod-Doman type and extends the study of fixed price equilibria by considering a dynamic process whose major components are capital accumulation and shifts in income distribution.
Title: Profitability and Unemployment
Author: Edmond Malinvaud
Publication Date: 2008