Lecture 11: The Theory of Persistent Unemployment- The Reserve Army of Labor 

Shaikh ending with a somewhat pessimistic view of the future, while at the same time paraphrasing Marx "I dont mean that humanity is doomed, I mean that capitalism is doomed" (1:33:50). Great stuff as always

I have come to despise Friedman as the starter of the new era of Reagan and Thatcher.

Great stuff

Great video!

1:27:57 this is aged well with the covid

23:00 Keynes on unemployment

37:50 Kalecki. Monopoly capital. Monopolists just choose what profit they want and set price to get the profit

14:25 Friedman assumes that capitalism needs all the time pool of unemployed. Reserve army of labour in Marx's term

Kalecki not Colettes Key😁

31:00 Hitler in one year moved massive unemployment to full imployment throuhg rearmament