Investigating the Greek Unemployment from a Classical Perspective

Alex Gymnopoulos (), Thanos Poulakis, Haris Poulakis and Nikolaos Chatzarakis
Additional contact information
Alex Gymnopoulos: Aristotle University of Thessaloniki
Thanos Poulakis: Aristotle University of Thessaloniki
Haris Poulakis: Aristotle University of Thessaloniki
Nikolaos Chatzarakis: Aristotle University of Thessaloniki

Bulletin of Political Economy, 2021, vol. 15, issue 1, 69-91

Abstract: 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.

Keywords: Stagnant Unemployment; Conjectural Unemployment; Latent Unemployment; Reserve Army of Labour (search for similar items in EconPapers)
JEL-codes: E24 J21 J64 J82 P16 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://serialsjournals.com/abstract/42929_3-gymnopoulosbope2021.pdf (application/pdf)
https://www.bulletinofpe.com/alex-gymnopoulos-than ... -nikolaos-th-c-20211 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:awu:journl:v:15:y:2021:i:1:p:69-91

Access Statistics for this article

More articles in Bulletin of Political Economy from Bulletin of Political Economy
Bibliographic data for series maintained by Maria Cristina Barbieri Goes ().