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The Evolutionary Nature of Twentiethcentury Capitalism
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acceleration average rate behavior boom capital capitalist economies chapter classical unemployment considered constraint corporatism corporatist costs deficit demand for FE developed equation equilibrium example explain exports framework goals high unemployment hysteresis impact important incomes policy increase inflation rates inflationary bias investment Keynesian labor market Labour Economics lead long-run Phillips curve low unemployment macroeconomic macroperformance mass unemployment ment misery index monetary money wage NAIRU nomic OECD countries OECD economies party control path dependence payments percent performance ployment pluralist economies political price inflation prisoner's dilemma productivity growth public choice theory rate of growth rate of price rate of unemployment rates of inflation real wage recovery program reduce unemployment regression relative restrictive AD policies result shift social bargain Stagflation stimulative AD policies strike activity strike volume structural theory tion trade union unem unemploy unemployment rates union movement United variables wage and price wage demands wage inflation welfare workers