-
Why Americans should work less – the way Germans do
Nobel Laureate Paul Krugman and Richard Layard, a distinguished British economist, took the lead last week in drafting a sign-on "Manifesto for Economic Common Sense", condemning the turn toward austerity in many countries. This manifesto seems destined to garner tens or even hundreds of thousands of signatures, including mine. While the basic logic of the manifesto is solid, there is an important aspect to the argument that is overlooked. We can deal with unemployment every bit as effectively by having people work fewer hours, as we can by increasing demand. The most important point to realize is that the problem ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Jul 4, 2012 2:29am Jul 4, 2012 2:29am
-
Greenstar
- | Joined Apr 2011 | Status: Member | 735 Comments
- Comment #2
- Quote
- Jul 4, 2012 2:54am Jul 4, 2012 2:54am
- Guest
- | IP XXX.XX.210.159
- Comment #3
- Quote
- Jul 4, 2012 3:26am Jul 4, 2012 3:26am
- EuroStirling
- | Joined Jun 2012 | Status: Member | 36 Comments
- Comment #4
- Quote
- Jul 4, 2012 3:31am Jul 4, 2012 3:31am
-
Manekineko
- | Joined Dec 2011 | Status: Member | 138 Comments