[Study Notes] Macroeconomics – Unemployment

Unemployment is one of the widely used barometers to check the current economic status. Therefore it is natural that unemployment is the main topic of macroeconomics.

THE FOLLOWING NOTES ARE THE BASIC CONCEPTS IN THE MAINSTREAM (CAPITALISTIC, NEO-CLASSICAL) ECONOMICS.

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[Thomas Piketty] CAPITAL in the Twenty-First Century

  • Title: CAPITAL in the Twenty-First Century
  • Author: Thomas Piketty
  • Published: 2013
  • Publisher: The Belknap Press of Harvard University Press, Cambridge, Massachusetts
  • Translated: Arthur Goldhammer (2014)
  • ISDN-13: 978-0-674-43000-6

Piketty’s “CAPITAL in the Twenty-First Century” aims that there is a scientific approach to determine what (economic) factors cause inequality of wealth. Piketty relies on statistical and historical data to back up his hypothesis.

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[Noam Chomsky] Profit Over People

  • Title: Profit Over People; Neoliberalism And Global Order
  • Author: Noam Chomsky
  • Published: 1999
  • Publisher: Seven Stories Press, New York, NY
  • ISBN: 978-1-888363-82-1

Noeliberalists argues that neoliberalism is about individual freedom through the minimum government and free market. Also, it is how democracy should work.

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