Technical Progress, Unemployment and Wealth

Technical Progress, Unemployment and Wealth

This text examines the dynamic of unemployment, prices and wages under the technical progress. It also describes the way in which big economic cycles change the main macroeconomic indicators, including saving-investment decisions. We present a version, that the long wave goes down our days and can c...

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Bibliographic Details
Main Author: M. V. Safronchuk
Format: Article
Language:English
Published: MGIMO University Press 2012-08-01
Series:Vestnik MGIMO-Universiteta
Subjects:
technical progress
productivity
unemployment
prices
wages
innovations
savings
investment
consumption
long waves
expectations
psychological factors
structural unemployment
technological unemployment
wealth
Online Access:https://www.vestnik.mgimo.ru/jour/article/view/1808
Description
Summary:This text examines the dynamic of unemployment, prices and wages under the technical progress. It also describes the way in which big economic cycles change the main macroeconomic indicators, including saving-investment decisions. We present a version, that the long wave goes down our days and can change the expectations and psychological factors of economic behavior.
ISSN:2071-8160
2541-9099

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