Tsunami headed for Japan

I would like to request that our readers take a moment to pray for Japan and all those in the path of the tsunami.

Why Unemployment is a Pseudoproblem - Part 1

 

By Thomas Storck

Unemployment a pseudoproblem? By calling it that, I do not mean that unemployment does not exist, or that it is not a very serious concern for the unemployed, their families and for society as a whole. What I mean and will argue here is that unemployment is not something natural to economic life, but is a problem created almost entirely by the capitalist arrangement of our economy, one that would largely disappear under a distributist economy, and that is taken for granted by the academic discipline of economics only because that discipline has long been captive to the ideology of capitalism.