Two aspects of economic

Thursday, May 19, 2011

There are two aspects of economic reform which play prominent roles in present discussions about possible Full-Employment policies. The first concerns the qualifications and adaptability of the UK’s labor force and the second concerns the availability of efficient modern capital equipment and infrastructure.

Basic changes designed to improve the productivity, skills, adaptability and general qualifications of the working citizens are needed in the realms of training, education, health, caring for the children of working mothers, etc. They are of extreme importance, should be pursued with vigor, and are in no way incompatible with the macro-economic proposals which are considered in greater detail in this book.