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As stated in the footnote and the entry below, I have adhered to consensus macro economics in the recomposition although necessarily there are connections to Marxist thought. It deserves mention however, although it practically constitutes original or at least novel interdisciplinary research to do so, that wrt to the notion of the mathematically optimal level of employment it is equivalent to utopian scientific socialism. Nonetheless it is conceptually sound and probably occupies the rightful place of "Ideal" unemployment, i.e. for a given level of technical capability there is clearly an optimal scheduling of the available labor, for moral as well as pragmatic reasons. It is probably immediately intuitively obvious to most readers that this ideal allocation is nowhere near having been effected by markets and other existing mechanisms so that relative to this ideal they are a) grossly inefficient and b) wholly without means for adapting the one to the other or c) making circulation make sense at the global macroeconomic level generally at all. 74.78.162.229 ( talk) 17:30, 17 June 2008 (UTC)
74.78.162.229 ( talk) 13:57, 18 June 2008 (UTC) 18 Harvest, 4706 公元 Wed 09:56:33 EDT
Preserving all of the prior content, rewrote lede, structured and effected overall clarification and linkage with current wiki context. There don't appear to be relevant macroeconomic or econ term template(s) or would have added one. 74.78.162.229 ( talk) 13:45, 17 June 2008 (UTC)
That about Australia - you should be aware that commitments were actually made to a number of things at the same time, and only one was full employment. There didn't appear to be any conflict among the objectives at the time, but since then things like protecting the currency have worked out as higher priorities in practice. PML. 10:14, Jul 29, 2003 203.202.5.75
the current version of this article says that "The 20th century British economist John Maynard Keynes stated that an unemployment rate of 3% was full employment." Are you sure that Keynes did so? wasn't it William Beveridge? Jim 17:43, May 18, 2005 (UTC)
The mid part of this article reads like "Blah Blah Blah" to me. Wouldn't a definition of full employment be something like "Anyone who wants a job, has a job"? I know in places like Alberta, Canada, the number of job vacantcies exceeds the number of avaliable workers, while there are still people on welfare and homeless without jobs. I've read that 3% unemployment = my definition of "Anyone who wants a job, has a job." 206.116.184.155 ( talk) 16:12, 15 March 2008 (UTC)
I'm pretty sure someone can do better than use the expression "bourgeois" economists in the first paragraph? Cretog8 ( talk) 20:58, 17 June 2008 (UTC)
Dr. Mandelman has reviewed this Wikipedia page, and provided us with the following comments to improve its quality:
The diagram of macroeconomic circulation is not suitable to illustrate this concept. It should be removed.
The analysis requires to highlight alternative measures of "labor market slack". In particular, the wiki entry should mention that federal reserve officials closely follow the "U6" measure which also includes *discouraged and marginally attached workers* as well as those forced to work part time for pure economic reasons. To put an example. The official unemployment rate (U3) may be at "full employment" levels, but inflationary pressures will remain subdued if there is an "army" of workers that are part-timers and happy work more hours at a given level of nominal wages. A non technical summary like the one below (quickly found with google) maybe useful in this section:
http://www.cnbc.com/2016/05/06/whats-the-real-unemployment-rate.html
We hope Wikipedians on this talk page can take advantage of these comments and improve the quality of the article accordingly.
We believe Dr. Mandelman has expertise on the topic of this article, since he has published relevant scholarly research:
ExpertIdeasBot ( talk) 16:05, 11 July 2016 (UTC)
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This article is rated Start-class on Wikipedia's
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As stated in the footnote and the entry below, I have adhered to consensus macro economics in the recomposition although necessarily there are connections to Marxist thought. It deserves mention however, although it practically constitutes original or at least novel interdisciplinary research to do so, that wrt to the notion of the mathematically optimal level of employment it is equivalent to utopian scientific socialism. Nonetheless it is conceptually sound and probably occupies the rightful place of "Ideal" unemployment, i.e. for a given level of technical capability there is clearly an optimal scheduling of the available labor, for moral as well as pragmatic reasons. It is probably immediately intuitively obvious to most readers that this ideal allocation is nowhere near having been effected by markets and other existing mechanisms so that relative to this ideal they are a) grossly inefficient and b) wholly without means for adapting the one to the other or c) making circulation make sense at the global macroeconomic level generally at all. 74.78.162.229 ( talk) 17:30, 17 June 2008 (UTC)
74.78.162.229 ( talk) 13:57, 18 June 2008 (UTC) 18 Harvest, 4706 公元 Wed 09:56:33 EDT
Preserving all of the prior content, rewrote lede, structured and effected overall clarification and linkage with current wiki context. There don't appear to be relevant macroeconomic or econ term template(s) or would have added one. 74.78.162.229 ( talk) 13:45, 17 June 2008 (UTC)
That about Australia - you should be aware that commitments were actually made to a number of things at the same time, and only one was full employment. There didn't appear to be any conflict among the objectives at the time, but since then things like protecting the currency have worked out as higher priorities in practice. PML. 10:14, Jul 29, 2003 203.202.5.75
the current version of this article says that "The 20th century British economist John Maynard Keynes stated that an unemployment rate of 3% was full employment." Are you sure that Keynes did so? wasn't it William Beveridge? Jim 17:43, May 18, 2005 (UTC)
The mid part of this article reads like "Blah Blah Blah" to me. Wouldn't a definition of full employment be something like "Anyone who wants a job, has a job"? I know in places like Alberta, Canada, the number of job vacantcies exceeds the number of avaliable workers, while there are still people on welfare and homeless without jobs. I've read that 3% unemployment = my definition of "Anyone who wants a job, has a job." 206.116.184.155 ( talk) 16:12, 15 March 2008 (UTC)
I'm pretty sure someone can do better than use the expression "bourgeois" economists in the first paragraph? Cretog8 ( talk) 20:58, 17 June 2008 (UTC)
Dr. Mandelman has reviewed this Wikipedia page, and provided us with the following comments to improve its quality:
The diagram of macroeconomic circulation is not suitable to illustrate this concept. It should be removed.
The analysis requires to highlight alternative measures of "labor market slack". In particular, the wiki entry should mention that federal reserve officials closely follow the "U6" measure which also includes *discouraged and marginally attached workers* as well as those forced to work part time for pure economic reasons. To put an example. The official unemployment rate (U3) may be at "full employment" levels, but inflationary pressures will remain subdued if there is an "army" of workers that are part-timers and happy work more hours at a given level of nominal wages. A non technical summary like the one below (quickly found with google) maybe useful in this section:
http://www.cnbc.com/2016/05/06/whats-the-real-unemployment-rate.html
We hope Wikipedians on this talk page can take advantage of these comments and improve the quality of the article accordingly.
We believe Dr. Mandelman has expertise on the topic of this article, since he has published relevant scholarly research:
ExpertIdeasBot ( talk) 16:05, 11 July 2016 (UTC)
Hello fellow Wikipedians,
I have just modified one external link on Full employment. Please take a moment to review my edit. If you have any questions, or need the bot to ignore the links, or the page altogether, please visit this simple FaQ for additional information. I made the following changes:
When you have finished reviewing my changes, you may follow the instructions on the template below to fix any issues with the URLs.
This message was posted before February 2018.
After February 2018, "External links modified" talk page sections are no longer generated or monitored by InternetArchiveBot. No special action is required regarding these talk page notices, other than
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have permission to delete these "External links modified" talk page sections if they want to de-clutter talk pages, but see the
RfC before doing mass systematic removals. This message is updated dynamically through the template {{
source check}}
(last update: 18 January 2022).
Cheers.— InternetArchiveBot ( Report bug) 06:55, 6 January 2017 (UTC)