Warning: Undefined array key "visitor_referer_type" in /var/www/vhosts/wordinf.com/core/app/libraries/Core.php on line 98
John Kenneth Galbraith - In fact, the wage-price...

In fact, the wage-price spiral is the functional counterpart of unemployment. The latter occurs when there is insufficient demand; the spiral operates when there is too much and also,unfortunately, when there is just enough. (John Kenneth Galbraith)

In fact, the wage-price spiral is the functional counterpart of unemployment. The latter occurs when there is insufficient demand; the spiral operates when there is too much and also,unfortunately, when there is just enough.

John Kenneth Galbraith

Related topics

counterpart demand enough fact functional latter spiral unemployment

Related quotes

No punishment has ever possessed enough power of deterrence to prevent the commission of crimes. On the contrary, whatever the punishment, once a specific crime has appeared for the first time, its reappearance is more likely than its initial emergence could ever have been.

Hannah Arendt

Read, every day, something no one else is reading. Think, every day, something no one else is thinking. Do, every day, something no one else would be silly enough to do. It is bad for the mind to be always part of unanimity.

Christopher Morley

Well, in fact everybody - everybody - in the entire nation has enough stuff in their life to write about that's interesting that they could write their autobiography. And in the end that's why I find people interesting.

Jane Smiley

But that's not enough: To maintain energy security, one needs a supply system that provides a buffer against shocks. It needs large, flexible markets. And it's important to acknowledge the fact that the entire energy supply chain needs to be protected.

Daniel Yergin

Our universities produced lawyers and doctors for the old social system, but did not create enough agricultural extension teachers, agronomists, chemists, or physicists. In fact, we do not even have mathematicians.

Che Guevara