Open AccessTechnical Progress, Unemployment and Wealth
Author(s) -
M. V. Safronchuk
Publication year - 2012
Publication title -
vestnik mgimo-universiteta
Language(s) - English
Resource type - Journals
eISSN - 2541-9099
pISSN - 2071-8160
DOI - 10.24833/2071-8160-2012-4-25-168-172
Subject(s) - unemployment , economics , investment (military) , technical change , technical progress , business cycle , macroeconomics , labour economics , productivity , political science , politics , law
This text examines the dynamic of unemployment, prices and wages under the technical progress. It also describes the way in which big economic cycles change the main macroeconomic indicators, including saving-investment decisions. We present a version, that the long wave goes down our days and can change the expectations and psychological factors of economic behavior.