Re: Marx and Keynes on Unemployment

[Jim Devine <JNDF%LMUACAD.BITNET@xxxxxxxxxxxxxxxxx>]

On Thu, 27 Apr 1995 14:06:45 -0600 Jonathan Dune said:
>In a naive attempt to cut through some haze, it seems that as long as
>people have access to the means of production (be they land, seeds,
>factories or reeds) and motivations, they will work.  Unemployment above a
>deviant min. is therefore always structural, i.e. a property of any given
>system.  Without such access to production people starve or are otherwise
>inconvenienced.  This arises from de jure property rights,
>over-population, natural disasters, among others.

Yes, but that's different from what labor economists usually mean by
"structural unemployment," i.e., mismatch between where the workers
are (and what skills they have) and where the jobs are (and what
skills are required).

sincerely,

Jim Devine
jndf@xxxxxxxxxxxxxx or jdevine@xxxxxxxxxxxxxxx
Econ. Dept., Loyola Marymount Univ., Los Angeles, CA 90045-2699 USA
310/338-2948 (daytime, during workweek); FAX: 310/338-1950