...political changes which would give a new impetus to the opposition of the business leaders. Indeed, under a regime of permanent full employment, 'the...social position of the boss would be undermined and the t It should be noticed here that investment in a nationalised industry can contribute to the solution...

...political changes which would give a new impetus to the opposition of the business leaders. Indeed, under a regime of permanent full employment, the "sack"...the boss would be undermined and the self-assurance of the working class would grow. Strikes for wage increases and improvements in the conditions of work...

...preclude the increase in the power of workers and organised trade unions that would otherwise result: Under a regime of permanent full employment, 'the...boss would be undermined and the self-assurance and class consciousness of the working class would grow. Strikes for wage increases and improvements in...

...political changes that would produce grounds for even more powerful opposition from business leaders. "Under a regime of permanent full employment 'the...cease to play its role as a disciplinary measure," Kalecki argues. "The social position of the boss would be undermined and the self-assurance and class...

...Polish economist Michal Kalecki, hardly a demagogue, explained this point eloquently in 1943: 'Indeed, under a regime of permanent full employment, the "sack"...boss would be undermined and the self-assurance and class consciousness of the working class would grow. ... It is true that profits would be higher under...

...political changes which would give a new impetus to the opposition of the business leaders. Indeed, under a regime of permanent full employment, the 'sack'...class-consciousness of the working class would grow. Strikes for wage increases and improvements in conditions of work would create political tension. It...

...capitalists not only oppose this way of overcoming the crisis, but actually need the crisis itself: [Under] a regime of permanent full employment, "the...boss would be undermined and the self-assurance and class consciousness of the working class would grow. Strikes for wage increases and improvements in...

...hence, on labor discipline. The great Polish economist Michal Kalecki argued, in a now-classic article: (U]nder a regime of permanent full employment, 'the...social position of the boss would be undermined and the self assurance and class consciousness of the working class would grow. . . . [Business leaders'] class...

...policies to smooth out the business cycle, he argued, would have the following consequences over time: under a regime of permanent full employment, "the...social position of the boss would be undermined and the self assurance and class consciousness of the working class would grow. Strikes for wage increases...

...style, or I will sack you.' These are developments which Kalecki predicted fifty years ago: [UJnder a regime of permanent full employment, 'the sack'...social position of the boss would be undermined and the self assurance and class consciousness of the working class would grow. Strikes for wages increases...