How Long to Read Profitability and Unemployment

By Edmond Malinvaud

How Long Does it Take to Read Profitability and Unemployment?

It takes the average reader to read Profitability and Unemployment by Edmond Malinvaud

Assuming a reading speed of 250 words per minute. Learn more

Description

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. The Keynesian depression, characterized by a sustained lack of demand, is found to be particularly stable. Lack of productive capacity may also occur when profitability has been too low. In this case, the resulting unemployment stimulates corrective shifts of prices and wages. However, such unemployment may last for some time and is more likely to be followed by Keynesian unemployment than by inflationary full employment. The first and last chapters consider the problem in less formal but more general terms. They discuss both the methodology for the study of the relationship between profitability and unemployment, and the role of various factors that the simple model neglects.

How long is Profitability and Unemployment?

Profitability and Unemployment by Edmond Malinvaud is 0 pages long, and a total of 0 words.

This makes it 0% the length of the average book. It also has 0% more words than the average book.

How Long Does it Take to Read Profitability and Unemployment Aloud?

The average oral reading speed is 183 words per minute. This means it takes to read Profitability and Unemployment aloud.

What Reading Level is Profitability and Unemployment?

Profitability and Unemployment is suitable for students ages 2 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

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