Part 5: “Cyclical” Unemployment – Anarchy of Production – Planning and Money – Profitability – Overproduction – Are Wages Too High? – Stimulating Demand – Economic Crisis 5. “CYCLICAL” UNEMPLOYMENT Well, we have established that the normal adjustment mechanisms in the labour market will not necessarily eliminate unemployment, and we have shown that the unemployment … Continue reading “Cyclical” Unemployment – Part 5 of ‘Unemployment and Revolution’ (by Albert Langer in 1981)