Investigating the Greek Unemployment from a Classical Perspective
ALEX GYMNOPOULOS, THANOS POULAKIS, HARIS POULAKIS & NIKOLAOS TH. CHATZARAKIS
This paper addresses the issue of unemployment in Greek economy from a Marxist perspective. Specifically, we focus on analysing the structure of the Greek labour market with respect to the results of the memoranda and their relation to the current phase of capital accumulation. Rejecting the orthodox approaches to measuring and analysing unemployment, we first turn our focus to three indicators that are proposed by the BLS, calculating them in the case of the Greek labour market. Then, the three categories of stagnant, conjectural and latent reserve army are presented and respective unemployment rates are calculated for the Greek economy. Our conclusion is that the Marxian categories, not only capture the real dimension and size of the labour market, but they also contain information about changes in the labour force, that are not easily considered through the official indices.
Volume :- No.15 (2021)
Issue No :- 1 (2021)
Pages :- 69-91