https://capital2016.weaconferences.net 15th May to 15th July 2016 Mon, 09 Jun 2025 12:29:29 +0000 en-GB hourly 1 https://capital2016.weaconferences.net/papers/economic-power-employment-and-economic-theory/ https://capital2016.weaconferences.net/papers/economic-power-employment-and-economic-theory/#comments Tue, 10 May 2016 20:13:30 +0000 http://capital2016.weaconferences.net/?post_type=wea_paper&p=87 The debate about economic growth and unemployment in Brazil is hindered by Friedman’s imported theory, based on the “natural rate” of employment that today pervades global economic thought as adopted by new classical and new Keynesian economists. This misguided view is responsible for a brutal recession, with rising unemployment and a drop in aggregate production, failing at that which it purports to do: recover metaphysical credibility for companies. This matter concerns the political power of a specific social group, which today extends beyond political parties. It is the result of an imported theory from abroad that also is damaging the global economy by imposed economic austerity.

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