…opponents of mechanization or advocates of short-time working, a reasoning they label as a misconception and which we know today under the label ‘lump of labor’ fallacy ‘. But the…

…output’ fallacy. You must always have a theory of how output is determined and you must never say, ‘Higher output per worker reduces employment, because it reduces the employment needed…

…so of the category that the Report Tables label as “Cost”. These projected future benefits are in turn offset by projected income deriving from one main and two minor sources,…

…powerless to affect the aggregate levels of spending and employment in the economy – they could only redirect resources from the private to the public sectors. This, of course, is…