Unemployment and the Maturity of Capitalism

dc.contributor.author	Fix, Blair
dc.date.accessioned	2023-05-30T19:28:27Z
dc.date.available	2023-05-30T19:28:27Z
dc.date.issued	2023
dc.description.abstract	In my last post, I discussed the underwhelming relation between interest rates and unemployment. In this post, I’ll look at a better way to connect unemployment to interest income. It turns out that if you take US net interest and divide it by corporate profit, you get a ratio that closely tracks unemployment. It’s a measure that Jonathan Nitzan and Shimshon Bichler call the ‘maturity of capitalism’. If this language sounds odd, that’s because Nitzan and Bichler see capitalism differently than your average economists. So before we get to the data, let’s review some of their thinking.	en_US
dc.identifier.citation	Unemployment and the Maturity of Capitalism. Fix, Blair. (2023). Economics from the Top Down. 6 May. pp. 1-11. (Article - Magazine; English).	en_US
dc.identifier.uri	http://hdl.handle.net/10315/41181
dc.language.iso	en	en_US
dc.rights	Attribution-NonCommercial-NoDerivatives 4.0 International	*
dc.rights.article	https://economicsfromthetopdown.com/2023/05/06/unemployment-and-the-maturity-of-capitalism/	en_US
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/4.0/	*
dc.subject	income distribution	en_US
dc.subject	interest rate	en_US
dc.subject	maturity of capitalism	en_US
dc.subject	profit	en_US
dc.subject	sabotage	en_US
dc.subject	unemployment	en_US
dc.title	Unemployment and the Maturity of Capitalism	en_US
dc.type	Article	en_US

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