Labour and Capital

J. Wilczynski
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J. Wilczynski: Central School of Planning and Statistics

Chapter 2 in Technology in Comecon, 1974, pp 23-49 from Palgrave Macmillan

Abstract: Abstract Since the Second World War the Comecon countries have experienced a remarkable growth of employment. Over the period 1950–70 it rose from 103m. to 145m. in the region. There was a rapid growth of population, averaging 1–3 per cent p.a., but employment was in fact expanding faster — at 1–4 per cent p.a.1 This was due to the policy of full employment, the utilization of underemployed labour in agriculture and domestic service mostly by transfers to industry, the increasing employment of women, and in the 1960s it was due to the post-war birth boom entering the labour market. This expansion of employment facilitated rapid economic development via the extensive growth strategy, and lesser concern was displayed for improvements in the efficiency of labour.

Keywords: Technological Progress; National Income; Socialist Economist; Capital Charge; Idle Capacity (search for similar items in EconPapers)
Date: 1974
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DOI: 10.1007/978-1-349-01794-2_2

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