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Urheberrechtshinweis / Copyright notice
Bitte beziehen Sie sich beim Zitieren dieses Dokumentes immer auf folgende URN: urn:nbn:de:kobv:517-opus-9756 URL: http://opus.kobv.de/ubp/volltexte/2006/975/ Flassbeck, Heiner
Arbeitsplätze durch Wachstum : anders geht es nichtEmployment needs growth : there is no other way!
Kurzfassung auf EnglischThe author argues that growth determines employment and not the other way around. He opposes the widespread view among German economists that more employment generated by wage cuts or increased labour market flexibility will stimulate growth.For him, this view relies on theoretical prejudices that have to be rejected in light of some recent, simple evidence. The fact that all cyclical rebounds during the 1990s have been cut short by restrictive monetary policy explains the inability of the German labour market to regain full employment.
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