RE: [OPE] The rising NAIRU

From: Paul Cockshott <>
Date: Thu Jul 09 2009 - 08:26:20 EDT


The customary focus of the Keynesians (including left-Keynesians) is
national. Bob Pollin similarly is an economic nationalist. The Marxian
perspective is inter-national (internationalist), consequently employment
and unemployment in the Triad cannot be analysed and understood in
separation of the countries to which they are linked by the world market.

Paul C:
But the problem here is that there is not really a world market for labour
power, even if there is one for many other commodities.. Hence the idea
of a national rate of employment continues to have considerable relevance.
From: [] On Behalf Of Jurriaan Bendien []
Sent: Wednesday, July 08, 2009 12:05 PM
To: Outline on Political Economy mailing list
Subject: [OPE] The rising NAIRU

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Received on Thu Jul 9 08:30:36 2009

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