Unemployed Philosopher Guild

The medieval guild is deconstructed into political theory and social commentary in this contemporary look at one of the most important social institutions of the Middle Ages. Essential principles and values underlying the guild system are discussed with a view toward applying them to current societal ills such as unemployment, absentee corporate ownership, and employee disenfranchisement. The system, adapted to the needs and circumstances of the 21st century, is discussed as a serious economic alternative to the alleged disasters of capitalism and socialism; indeed, this book proposes it to be the only useful system because of its revolutionary and successful past.

Assar Lindbeck demonstrates how macroeconomic analysis can incorporate a labor market characterized by unemployment. Balancing theoretical insights with lessons drawn from the experience of many countries, he examines employment and unemployment against the background of developed market economies during the past century. Using the insider-outsider model of unemployment and incorporating discussions of other approaches for comparison, Lindbeck addresses such questions as why unemployment exists - and how aggregate employment and unemployment are determined; what initial impulses or "shocks" precipitate changes in the levels of aggregate employment and unemployment, and how these are transmitted to the labor market; and how the apparent persistence of unemployment can be explained even when the initial shocks are reversed. Lindbeck draws policy conclusions from this analysis that include power-reducing and enfranchising policies as well as other institutional reforms. While Lindbeck's approach is primarily macroeconomic, it is based on microfoundations, including an analysis of the microeconomic incentives and opportunities for unemployed workers. He also raises issues of hiring and firing, the market power of incumbent workers, the design of unemployment benefit systems, the organization of wage bargaining, labor market training, and exchange systems, and public-sector employment programs.

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Unemployed Philosopher Guild - Unemployed Philosopher Guild The Guild State: Its Principles and Possibilities The medieval guild is deconstructed into political theory unemployed philosopher guild and social commentary in this contemporary look at one of the most important social institutions of the Middle Ages. Essential principles unemployed philosopher guild and values underlying the guild system are discussed with a view toward applying them to current societal ills such as unemployment, absentee corporate ownership, unemployed philosopher guild and employee disenfranchisement. The system, adapted to the needs ...

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