https://the2008crisistenyearson.weaconferences.net/papers/some-observations-on-the-structure-of-the-labor-market-after-the-great-recession/ 15th October to 30th November, 2018 Mon, 09 Jun 2025 12:44:39 +0000 hourly 1 https://the2008crisistenyearson.weaconferences.net/papers/some-observations-on-the-structure-of-the-labor-market-after-the-great-recession/#comment-46 Mon, 19 Nov 2018 15:31:03 +0000 http://the2008crisistenyearson.weaconferences.net/?post_type=wea_paper&p=168#comment-46 Arturo, yes thank you for your comment. I think what he is referring to is what Robert Higgs calls ‘regime uncertainty’…because the rule of law was changed so much during the New Deal (the ‘constant experimentation’) that there was an uncertain investment climate, and it was this that led to net negative investment for the period.

]]> https://the2008crisistenyearson.weaconferences.net/papers/some-observations-on-the-structure-of-the-labor-market-after-the-great-recession/#comment-14 Fri, 19 Oct 2018 10:22:25 +0000 http://the2008crisistenyearson.weaconferences.net/?post_type=wea_paper&p=168#comment-14 Hi, please can you explain better your ideas about Edward C. Prescott (1999)’s quotation “The Keynesians had it all wrong. In the Great Depression, employment was not low because investment was low. Employment and investment were low because labor market institutions and
industrial policies changed in a way that lowered normal employment.”?

]]>