The Theory of Idle Resources (W. H. Hutt)
- Highlight Loc. 1143-46 | Added on Monday, August 01, 2011, 04:01 AM
In spite of Mr. Keynes’s adjective “involuntary,” the idleness that we are considering is the fulfillment, not the frustration of a preference.7 If, as economists, we are asked for its cause, our answer is simple: Well, they prefer idleness to work at that rate and they take it.
- Highlight Loc. 1143-46 | Added on Monday, August 01, 2011, 04:01 AM
In spite of Mr. Keynes’s adjective “involuntary,” the idleness that we are considering is the fulfillment, not the frustration of a preference.7 If, as economists, we are asked for its cause, our answer is simple: Well, they prefer idleness to work at that rate and they take it.
