• Emeritus Prof Christopher May@zirk.us
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    2 months ago

    @codewizard @casualuk

    Well, much of the effect of economic activity is felt through the labour market (in a capitalist system), so while one can have economic planning the ignores jobs, this would be partial at best; jobs are the way that (some of) the fruits of economic development are delivered to society through what Keynes referred to as ‘effective demand’ - workers sending their wages in the ‘real’ economy & the multiplier effect of that money being then respent & respent as a cycle