I wrote: > "The natural rate of unemployment is in some ways similar to Marx's idea of > the reserve army of the unemployed. Marx saw capitalism as requiring some > minimum amount of unemployment to prosper (though Kalecki pointed out that > this wasn't necessary under fascism; some argue that social democracy can > lower this, too). For Friedman, capitalism is natural, so it's Nature that > requires a minimum amount of unemployment."
On 4/13/06, Mário José de Lima wrote: > I disagree with this point of view. The Marx's argument is very different > of the Friedman's argument. / Mário why am I wrong? -- Jim Devine / "There can be no real individual freedom in the presence of economic insecurity." -- Chester Bowles
