…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…

…archaic and bogus analysis the next year in a pamphlet, “Innovative Supply-Side Policies to Reduce Unemployment” and yet again in 1991, adding Stephen Nickell to the team in Unemployment: Macroeconomic Performance…

…by discussing the issues I think I important and what Obama has done (or not) about them. 1. Economic growth/unemployment/taxes. These three topics, as Senator Ryan and all economists know,…

…about a debate in a mythical world in which Milton Friedman is right– there is a natural rate of unemployment and actual unemployment does not deviate from this rate for…

…has failed to pass an inflation adjustment…. *** An emergency unemployment-compensation program is expiring, which would save $26 billion but end payments to millions of Americans who remain jobless and…

…rising. And if those risks materialize, they can do so quickly in the form of sharply higher layoffs and rising unemployment. We can put that description into labor market indicators….

…on capital income. Those provisions are most favorable for the wealthy who own most of the corproate stock and other financial assets. hough the right likes to label these kinds…

…reverse the unemployment increases that we’ve seen over the last two years. But not all the news is rosy: using the administration’s own numbers (from the CEA), the tax plan…

…some doubt on the usefulness of such labeling. For example, the label “cyclical” often implies — whether implicitly or explicitly — that declines in the participation rate explained by “cyclical”…

…label of the “fixed work-fund fallacy” and then the “Theory of the lump of labour.” In denunciations of the lump-of-labor fallacy, it has become fashionable recently to appeal to the…