one of the things is that job destruction (re)creates the reserve army (as MP says). That in turn is the basis for new accumulation and new hiring.
On 3/29/07, Michael Perelman <[EMAIL PROTECTED]> wrote:
Jim is correct that Marx talks a lot about job destruction rather than job creation, but he does speak about the need to replenish the reserve army of the unemployed, which presumes that a rhythm of job destruction and job creation exists. Even so, the weight seems to fall on job destruction. -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com
-- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante.
