ABSTRACT. The aim of this paper is to address the problem of unemployment. Economists generally agree that a zero rate of unemployment is not only unattainable but also undesirable within capitalism. This is problematic because, as it will be shown, unemployment has adverse effects on both individuals and societies. Assuming that the primary aim of economics is to improve people’s lives, it behooves us to find a solution to the problem of unemployment. Two solutions will be offered. The first works within the confines of the capitalist system – it requires instituting welfare policies that alleviate the adverse effects of unemployment. The second involves a paradigm change – it requires replacing capitalism with an alternative economic system that is consistent with a zero rate of unemployment. pp. 7–25
JEL Codes: E24, J21, J64, M51, Q52

Keywords: unemployment; capitalism; class antagonism; health care; economic democracy; anarchism

How to cite: Gatzia, Dimitria Electra (2013), “The Problem of Unemployment,” Journal of Self-Governance and Management Economics 1(4): 7–25.

This email address is being protected from spambots. You need JavaScript enabled to view it.
University of Akron Wayne College, United States of America

Home | About Us | Events | Our Team | Contributors | Peer Reviewers | Editing Services | Books | Contact | Online Access

© 2009 Addleton Academic Publishers. All Rights Reserved.

Joomla templates by Joomlashine